Six things we’ve learned from the 2020 candidates’ fundraising reports

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Six things we’ve learned from the 2020 candidates’ fundraising reports
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6 things we've learned from the 2020 presidential candidates' fundraising reports.

First Read is your briefing from "Meet the Press" and the NBC Political Unit on the day's most important political stories and why they matter.

Sen. Bernie Sanders is greeted by audience members before a Fox News town-hall style event on Monday in Bethlehem, Pennsylvania.Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.WASHINGTON — Now that we can look under the hood of the 2020 candidates’ first quarter FEC fundraising reports, we’re getting a better picture of how candidates are shaping their strategies — and what their limitations are.

He’s also spending very little so far, with a burn rate of under 10 percent and just about $200k spent on payroll and consulting. That means that he’s got plenty left in the bank to compete on a Tier One/Tier Two level, but will have to start growing out his organization to compete on the ground.Yes, it’s a crowded field, and it’s hard to catch fire. But Castro, at a $1.

What’s more, Trump’s latest paperwork shows that — for all the talk of how Democrats are playing the small-dollar fundraising game — he’s still pulling in a lot of those under-$200 donations himself. By our math, small donations made up about 54 percent of the Trump campaign’s haul. That pales in comparison to a Sanders or a Warren, but it’s competitive or better than most of the other top-tier 2020 Democrats.

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