Former U.S. Vice President Joe Biden had $9 million in his campaign bank account...
WASHINGTON/NEW YORK - Former U.S. Vice President Joe Biden had $9 million in his campaign bank account at the end of September, significantly less than his top rivals in the race for the Democratic presidential nomination, data released on Tuesday showed.
Biden raised $15.7 million in the third quarter, according to disclosures filed to the Federal Election Commission, ranking as the fourth highest fundraiser among the 19 candidates seeking to become the Democratic nominee to challenge Republican President Donald Trump in the November 2020 election. Spending decisions for a presidential campaign can be critical before voting begins in primary contest states.
Of the Democratic candidates polling in the top five, only Senator Kamala Harris spent at a higher rate than Biden during the third quarter, but she managed to finish with more cash. She finished the quarter with $10.5 million and spent at a 123% rate during the third quarter. Candidates focused their spending on salary, investing in staff in early primary states who are key in trying to organize supporters to win votes in heavily contested areas, the data showed.
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