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Biden burns through cash ahead of early 2020 contests

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Democratic presidential candidate Joe Biden churned through his campaign donations during the last three months of 2019, leaving him with a little less than $9 million to spend ahead of the first nominating contests of the 2020 race

Sen. Bernie Sanders of Vermont, one of Biden's leading rivals for the Democratic nomination, entered January with double the cash available: $18.2 million, according to reports Sanders' campaigns filed Friday night with the Federal Election Commission.

The news comes just days before Monday's first-in-the-nation caucuses in Iowa, a state Biden has barnstormed this week in the hopes of a strong result that could boost donor enthusiasm and fuel his momentum through the early contests. Biden received just 38% of his fourth-quarter donations in amounts of $200 or less, the new filings show. By contrast, more than half of Sanders' money came in small amounts, giving him access to supporters who can donate repeatedly before hitting contribution limits.

 

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