The third fundraising quarter drastically split the Democratic field between a small cohort of top fundraisers flush with cash, and those who are seeing a relative cash flow shortage.
Former Vice President Joe Biden outspent the amount he raised, about $6 million less than what he brought in last quarter, according to third quarter fundraising reports -- a key indicator of a campaign's viability to last in the grueling primary and a concerning financial turn for the veteran politician.
Warren, Sanders and Buttigieg enjoy a financial edge to outspend their Democratic rivals in Iowa, New Hampshire, Nevada and South Carolina, among the 19 Democratic contenders still in the race. But Biden’s campaign dismissed alarm bells about him trailing far behind his competitors, instead affirming their confidence in the former Delaware senator’s ability to"go long."
Third quarter campaign finance records show Warren and Sanders’ campaigns spent $7.5 million and $7 million respectively on staffing and $3.8 million each on digital media production and online ad placement.Late last month, the Massachusetts senator announced an eight-figure plan to invest in television and online ads targeting early primary and caucus states including Iowa, New Hampshire, Nevada and South Carolina heading into the fall.
Buttigieg has been building up an aggressive ad campaign in recent weeks, topping other Democratic candidates on online advertising as well as dropping six-figure television ad blitz in early primary states.
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