Elizabeth Warren’s presidential campaign announced today she raised $19.1 million in the second quarter of the year, more than tripling her first-quarter total despite holding no fundraisers
Elizabeth Warren’s presidential campaign announced Monday she raised $19.1 million in the second quarter of the year, more than tripling her first-quarter total despite holding no fundraisers.
Warren and Sanders, who also has essentially spurned the fundraising circuit, have both managed to fund their campaigns and outraise rivals like Harris through donations online. They also were within range of Pete Buttigieg, who raised a pack-leading $25 million but who attended about 50 high-dollar fundraisers plus 20 other fundraisers with lower ticket prices in the second quarter.
The Warren campaign appears built to last. After hiring more than 300 staffers, it still has $19.7 million cash on hand, according to a campaign source. That figure suggests that the campaign dramatically reduced its “burn rate” in the second quarter, from 85 percent to 55 percent. The campaign started with a $10.4 million cushion, money transferred from her 2018 Senate reelection.
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