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| Sanders Posts Biggest Money Haul of Quarter. Will Warren Top Him? | Sanders Posts Biggest Money Haul of Quarter. Will Warren Top Him? |
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| Senator Bernie Sanders has produced the biggest fund-raising quarter of the Democratic primary, as his campaign announced on Tuesday that he had taken in $25.3 million over the last three months. Now the big questions looming over the donor race are whether Senator Elizabeth Warren will surpass him, and whether former Vice President Joseph R. Biden Jr. will trail far behind. | Senator Bernie Sanders has produced the biggest fund-raising quarter of the Democratic primary, as his campaign announced on Tuesday that he had taken in $25.3 million over the last three months. Now the big questions looming over the donor race are whether Senator Elizabeth Warren will surpass him, and whether former Vice President Joseph R. Biden Jr. will trail far behind. |
| Mr. Sanders’s third quarter haul is the latest demonstration of the rising power of small donors to reshape presidential politics. His campaign moved swiftly on Tuesday to assert his financial might, reserving his first television ads of the campaign — a two-week, $1.3 million buy in Iowa. | Mr. Sanders’s third quarter haul is the latest demonstration of the rising power of small donors to reshape presidential politics. His campaign moved swiftly on Tuesday to assert his financial might, reserving his first television ads of the campaign — a two-week, $1.3 million buy in Iowa. |
| Yet President Trump displayed fund-raising might that far surpassed any of the Democrats. Republican Party officials said that his re-election campaign and the Republican National Committee had raised $125 million over the last three months, a presidential fund-raising record. | |
| Mr. Biden and Ms. Warren have yet to share their much-anticipated totals. But Ms. Warren’s figure is prompting much speculation; she is widely expected to improve upon the $19 million that she raised last quarter as she has surged in the polls to become Mr. Biden’s leading rival. | Mr. Biden and Ms. Warren have yet to share their much-anticipated totals. But Ms. Warren’s figure is prompting much speculation; she is widely expected to improve upon the $19 million that she raised last quarter as she has surged in the polls to become Mr. Biden’s leading rival. |
| The expectations game is perhaps most fraught for Mr. Biden, whose efforts to fashion himself as the clear front-runner means that any slippage from the top of the ranks represents a risk. | The expectations game is perhaps most fraught for Mr. Biden, whose efforts to fashion himself as the clear front-runner means that any slippage from the top of the ranks represents a risk. |
| Both Ms. Warren and Mr. Sanders have boycotted the big-money circuit, raising the possibility of a watershed moment: The two top fund-raisers in the Democratic Party might end up being candidates who have turned their backs on the established class of political bundlers and financiers who have held sway for decades. | Both Ms. Warren and Mr. Sanders have boycotted the big-money circuit, raising the possibility of a watershed moment: The two top fund-raisers in the Democratic Party might end up being candidates who have turned their backs on the established class of political bundlers and financiers who have held sway for decades. |
| The third quarter is known as perhaps the toughest to raise money in, as big donors are often out of town vacationing in July and August while small contributors spend less time online in the summer. But the money totals are critical not only to set budgets, hire staff and run ads but also because they mark the last time in 2019 that campaigns must open their books, hardening public perception of viability — or lack of it — during a crucial three-month period. | The third quarter is known as perhaps the toughest to raise money in, as big donors are often out of town vacationing in July and August while small contributors spend less time online in the summer. But the money totals are critical not only to set budgets, hire staff and run ads but also because they mark the last time in 2019 that campaigns must open their books, hardening public perception of viability — or lack of it — during a crucial three-month period. |
| The quarter ended on Monday and campaigns have until Oct. 15 to share their financial figures. Those without enough money can be winnowed quickly from the field; a half-dozen Democratic candidates have already called it quits this year. | The quarter ended on Monday and campaigns have until Oct. 15 to share their financial figures. Those without enough money can be winnowed quickly from the field; a half-dozen Democratic candidates have already called it quits this year. |
| “It dictates the narrative in the lead-up to the elections,” said Rufus Gifford, who served as finance director for President Barack Obama’s re-election campaign and has donated to multiple 2020 candidates. “The big game that’s going on inside the campaigns is how to manage expectations.” | “It dictates the narrative in the lead-up to the elections,” said Rufus Gifford, who served as finance director for President Barack Obama’s re-election campaign and has donated to multiple 2020 candidates. “The big game that’s going on inside the campaigns is how to manage expectations.” |
| The string of fund-raising announcements began early Tuesday morning with Mayor Pete Buttigieg of South Bend, Ind., who announced that he had raised $19.1 million in the third quarter. It was a dip from the field-leading $24.9 million he posted in the previous quarter, but more than enough to fully fund his once-upstart campaign into this fall and winter. Mr. Buttigieg has developed a grass-roots following, pairing his 580,000 donors with an aggressive calendar of traditional fund-raising events. | |
| Senator Kamala Harris announced an $11.6 million haul — nearly matching her totals in the first two quarters. She was the only campaign to announce her cash on hand: nearly $10 million, down from $13.3 million at the end of June, meaning she spent more than she raised in the last three months. | Senator Kamala Harris announced an $11.6 million haul — nearly matching her totals in the first two quarters. She was the only campaign to announce her cash on hand: nearly $10 million, down from $13.3 million at the end of June, meaning she spent more than she raised in the last three months. |
| Mr. Biden raised $22 million in the last quarter, second to Mr. Buttigieg. But there are signs his fund-raising operation has slowed, particularly online, where Mr. Biden has slashed his advertising budget. | Mr. Biden raised $22 million in the last quarter, second to Mr. Buttigieg. But there are signs his fund-raising operation has slowed, particularly online, where Mr. Biden has slashed his advertising budget. |
| While Ms. Warren and Mr. Sanders did not have to fill their calendars with fund-raisers, Mr. Biden raced across the country in the last three months, from Florida to California, Aspen to the Hamptons, holding more than 40 donor events. His wife, Dr. Jill Biden, headlined another dozen. | While Ms. Warren and Mr. Sanders did not have to fill their calendars with fund-raisers, Mr. Biden raced across the country in the last three months, from Florida to California, Aspen to the Hamptons, holding more than 40 donor events. His wife, Dr. Jill Biden, headlined another dozen. |
| This weekend, top Biden donors and bundlers have been invited to a retreat in Philadelphia to discuss the campaign’s next phase. | This weekend, top Biden donors and bundlers have been invited to a retreat in Philadelphia to discuss the campaign’s next phase. |
| Mr. Biden’s campaign has said he scored his best week of fund-raising since the second week of the campaign as Democrats initiated an impeachment inquiry of Mr. Trump over a whistle-blower complaint claiming that Mr. Trump prodded the president of Ukraine to investigate the business dealings there of Mr. Biden’s son Hunter Biden. | Mr. Biden’s campaign has said he scored his best week of fund-raising since the second week of the campaign as Democrats initiated an impeachment inquiry of Mr. Trump over a whistle-blower complaint claiming that Mr. Trump prodded the president of Ukraine to investigate the business dealings there of Mr. Biden’s son Hunter Biden. |
| Still, some Biden supporters are nervous about how the impeachment process, and any added scrutiny of Hunter Biden’s business affairs, will play out. Some have even discussed creating a super PAC, which the campaign quickly disavowed. Others see in Ms. Warren’s rise as a top rival, with Mr. Sanders in third, an opportunity for Mr. Biden to truly consolidate a donor class that has remained fractured. | Still, some Biden supporters are nervous about how the impeachment process, and any added scrutiny of Hunter Biden’s business affairs, will play out. Some have even discussed creating a super PAC, which the campaign quickly disavowed. Others see in Ms. Warren’s rise as a top rival, with Mr. Sanders in third, an opportunity for Mr. Biden to truly consolidate a donor class that has remained fractured. |
| Mr. Biden’s ability to attract small donors will be closely scrutinized. In the last 90 days, his campaign ranked 10th among the Democratic presidential candidates for advertising dollars on Facebook, where campaigns often prospect for new contributors. He spent less than one-quarter of what Mr. Buttigieg had spent on the platform in that time, and well less than half of what Ms. Warren and Mr. Sanders had spent, according to Facebook data. | Mr. Biden’s ability to attract small donors will be closely scrutinized. In the last 90 days, his campaign ranked 10th among the Democratic presidential candidates for advertising dollars on Facebook, where campaigns often prospect for new contributors. He spent less than one-quarter of what Mr. Buttigieg had spent on the platform in that time, and well less than half of what Ms. Warren and Mr. Sanders had spent, according to Facebook data. |
| Mr. Biden told donors at a sushi restaurant in Los Angeles last week that he had nearly 670,000 donations overall with an average donation of $46, which would translate to only about $10.8 million this quarter. A Biden campaign official said the former vice president had not presented the “full picture” but declined to elaborate. | Mr. Biden told donors at a sushi restaurant in Los Angeles last week that he had nearly 670,000 donations overall with an average donation of $46, which would translate to only about $10.8 million this quarter. A Biden campaign official said the former vice president had not presented the “full picture” but declined to elaborate. |
| A Biden campaign official said Tuesday that the former vice president had “unequivocally’’ raised enough money to be competitive in the primary race, and that details would be released soon. | A Biden campaign official said Tuesday that the former vice president had “unequivocally’’ raised enough money to be competitive in the primary race, and that details would be released soon. |
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| Steve Westly, a bundler for Mr. Biden in California, said that skeptics and critics place too much importance on any one measurement of Mr. Biden’s candidacy. | Steve Westly, a bundler for Mr. Biden in California, said that skeptics and critics place too much importance on any one measurement of Mr. Biden’s candidacy. |
| “Every time someone is a front-runner, they say, ‘Oh my gosh, they’re not ahead in every straw poll, ahead in every state and every fund-raising report,’” Mr. Westly said. “The reality is you want to be in first place, which is where Joe Biden is.” | “Every time someone is a front-runner, they say, ‘Oh my gosh, they’re not ahead in every straw poll, ahead in every state and every fund-raising report,’” Mr. Westly said. “The reality is you want to be in first place, which is where Joe Biden is.” |
| Harold Schaitberger, a close Biden ally and president of the International Association of Fire Fighters, which has endorsed Mr. Biden, compared the race to a schoolyard game of “king of the hill.” | Harold Schaitberger, a close Biden ally and president of the International Association of Fire Fighters, which has endorsed Mr. Biden, compared the race to a schoolyard game of “king of the hill.” |
| “If you’re the king and you’re on the hill, everybody else — in this case certainly within the Democratic candidates and the Republican Party — are doing everything they can to take you off the hill,’’ he said. “That’s the point of it.” | “If you’re the king and you’re on the hill, everybody else — in this case certainly within the Democratic candidates and the Republican Party — are doing everything they can to take you off the hill,’’ he said. “That’s the point of it.” |
| He said he had “seen no indication of any concern” about resources. | He said he had “seen no indication of any concern” about resources. |
| For Mr. Sanders, his $25.3 million quarter — which included his second biggest day for fund-raising of the campaign, on Monday — was a welcome reprieve from weeks of questions about his pathway as he has stagnated in the polls and has been passed on the left by Ms. Warren. (In one Iowa poll, more of those who caucused with Mr. Sanders in 2016 said they planned to support Ms. Warren in 2020 than him.) | For Mr. Sanders, his $25.3 million quarter — which included his second biggest day for fund-raising of the campaign, on Monday — was a welcome reprieve from weeks of questions about his pathway as he has stagnated in the polls and has been passed on the left by Ms. Warren. (In one Iowa poll, more of those who caucused with Mr. Sanders in 2016 said they planned to support Ms. Warren in 2020 than him.) |
| “Media elites and professional pundits have tried repeatedly to dismiss this campaign,” said Faiz Shakir, Mr. Sanders’s campaign manager, “and yet working-class Americans keep saying loudly and clearly that they want a political revolution.” | “Media elites and professional pundits have tried repeatedly to dismiss this campaign,” said Faiz Shakir, Mr. Sanders’s campaign manager, “and yet working-class Americans keep saying loudly and clearly that they want a political revolution.” |
| For Mr. Buttigieg, the third quarter was a period of rapid expansion: He went from zero field offices in the early states to 42, and his staff jumped to 400 people. Mr. Buttigieg, who began the year as a little-known mayor, has raised more than $51 million for the year, a remarkable sum for a newcomer to the national scene. But he has struggled to translate that cash into support beyond single digits in the polls. | For Mr. Buttigieg, the third quarter was a period of rapid expansion: He went from zero field offices in the early states to 42, and his staff jumped to 400 people. Mr. Buttigieg, who began the year as a little-known mayor, has raised more than $51 million for the year, a remarkable sum for a newcomer to the national scene. But he has struggled to translate that cash into support beyond single digits in the polls. |
| While Ms. Harris’s haul was similar to her previous quarters, she entered October on a far different trajectory. She began the quarter riding high from her June debate performance — raising $4 million in the last four days of that month — but had faded by late September, promising to refocus on Iowa amid a staff shake-up. | While Ms. Harris’s haul was similar to her previous quarters, she entered October on a far different trajectory. She began the quarter riding high from her June debate performance — raising $4 million in the last four days of that month — but had faded by late September, promising to refocus on Iowa amid a staff shake-up. |
| One other campaign announced its numbers Tuesday: Senator Cory Booker of New Jersey raised more than $6 million, his best quarter yet. Ten days ago, in a gambit to draw attention and donations, Mr. Booker’s campaign said he would quit the race if he did not collect at least $1.7 million; he raised more than $2.1 million. | One other campaign announced its numbers Tuesday: Senator Cory Booker of New Jersey raised more than $6 million, his best quarter yet. Ten days ago, in a gambit to draw attention and donations, Mr. Booker’s campaign said he would quit the race if he did not collect at least $1.7 million; he raised more than $2.1 million. |
| The quarterly fund-raising report will be the first for Beto O’Rourke, the former Texas representative, since the shooting in his hometown of El Paso that appeared to give his candidacy fresh purpose. | The quarterly fund-raising report will be the first for Beto O’Rourke, the former Texas representative, since the shooting in his hometown of El Paso that appeared to give his candidacy fresh purpose. |
| Andrew Yang, the New York executive running a web-savvy campaign centered on the idea of giving away $1,000 to every American every month, is expected to post by far his best haul of the campaign. | Andrew Yang, the New York executive running a web-savvy campaign centered on the idea of giving away $1,000 to every American every month, is expected to post by far his best haul of the campaign. |