Joe Biden’s Expected 2020 Bid Is Likely to Rely on Big Donors

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Joe Biden’s Expected 2020 Bid Is Likely to Rely on Big Donors
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While many Democratic contenders are bringing in millions from small donors, Joe Biden will likely rely on a decades-old network of big donors

WASHINGTON—Former Vice President Joe Biden will initially rely on a decades-old network of big donors if he enters the Democratic presidential primary contest as expected, in contrast to the small-donor base that many of his 2020 rivals are racing to build.

Mr. Biden’s campaigns in the 2008 and 1988 primaries netted a combined $18.5 million and were financed by big donors and public funds—which candidates in recent years have stopped using because of spending limits they trigger. Vermont Sen. Bernie Sanders, by contrast, fueled...

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