Joe BidenJoe BidenHillicon Valley: Biden calls on Facebook to change political speech rules | Dems demand hearings after Georgia election chaos | Microsoft stops selling facial recognition tech to police Trump finalizing executive order calling on police to use ‘force with compassion’ The Hill’s Campaign Report: Biden campaign goes on offensive against Facebook MORE’s presidential campaign Friday admitted it is “worried” about its finances after it ended the third quarter of 2019 with far less cash on hand than its top competitors.
“I hate to say it, but our opponents are way ahead of us when it comes to money in the bank,” Elana Firsht, the Biden campaign’s online fundraising director, said in a frank fundraising email to supporters. “If we don’t pick up the pace here, we might have to make budget cuts that could seriously hurt our momentum in this primary.”
The email came after filings with the Federal Election Commission showed that the former vice president finished the third quarter with just under $9 million cash on hand, while Sens. Bernie SandersBernie SandersThe Hill’s 12:30 Report: Milley apologizes for church photo-op Harris grapples with defund the police movement amid veep talk Biden courts younger voters — who have been a weakness MORE (I-Vt.), Elizabeth WarrenElizabeth WarrenWarren, Democrats urge Trump to back down from veto threat over changing Confederate-named bases OVERNIGHT DEFENSE: Joint Chiefs chairman says he regrets participating in Trump photo-op | GOP senators back Joint Chiefs chairman who voiced regret over Trump photo-op | Senate panel approves 0B defense policy bill Trump on collision course with Congress over bases with Confederate names MORE (D-Mass.) and Kamala HarrisKamala Devi HarrisRand Paul introduces bill to end no-knock warrants The Hill’s Campaign Report: Biden campaign goes on offensive against Facebook McEnany says Juneteenth is a very ‘meaningful’ day to Trump MORE (D-Calif.) had $33.7 million, $25.7 million and $10.5 million, respectively. South Bend, Ind., Mayor Pete ButtigiegPete ButtigiegScaled-back Pride Month poses challenges for fundraising, outreach Biden hopes to pick VP by Aug. 1 It’s as if a Trump operative infiltrated the Democratic primary process MORE also raked in $23.4 million.
“Having less cash on hand means we have less budget to respond to the constant twists and turns of this race — and with Donald Trump constantly pushing his false smear campaign against Joe, that’s a HUGE problem,” Firsht wrote, referencing President TrumpDonald John TrumpSenate advances public lands bill in late-night vote Warren, Democrats urge Trump to back down from veto threat over changing Confederate-named bases Esper orders ‘After Action Review’ of National Guard’s role in protests MORE’s unfounded claims that Biden abused his power to help his son’s business interests in Ukraine “while he was vice president.”
“The first votes will be cast in this primary starting February 3, 2020 — just over 100 days from now — and we need to be fueling our grassroots efforts in crucial states like Iowa, New Hampshire, Nevada, and South Carolina,” she added. “We can’t afford to fall behind, so I’m asking you to step up now and make a donation to fuel our campaign.”
While several other candidates, as well as Biden, spent more than they raised in the third quarter, election observers have increasingly begun to view the former vice president as a precarious front-runner, despite his strong polling numbers at the start of his campaign.
Though Biden maintains leads in many statewide and national polls, concerns among voters and analysts have only been exacerbated by a sustained surge in both polling and fundraising by Warren and a string of his public gaffes and underwhelming debate performances.
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“It’s increasingly clear he’s not up to the job of running a campaign,” one Democratic strategist unaffiliated with any of the presidential campaigns told The Hill.
“Joe Biden is cruising to a bruising unless he can reverse the free fall he’s been in since he announced back in the spring,” added Democratic strategist Brad Bannon.