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Biden campaign warns of cash shortfall, urges backers to 'pick up the pace': report says


Added 10-19-19 05:29:02am EST - “Former Vice President Joe Biden's presidential campaign sent a fundraising? email this week, claiming it hasn't raised as much money as its competitors after spending more than expected in the third quarter, according to a report.?” - Foxnews.com

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Posted By TheNewsCommenter: From Foxnews.com: “Biden campaign warns of cash shortfall, urges backers to 'pick up the pace': report says”. Below is an excerpt from the article.

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Former Vice President Joe Biden’s presidential campaign sent a fundraising email this week, claiming it hasn't raised as much money as its competitors after spending more than expected in the third quarter, according to a report.

Third-quarter filings with the Federal Election Commission (FEC) show Biden has just $9 million in cash on hand, less than half of what both of his top competitors for the 2020 Democratic nomination -- Sens. Elizabeth Warren, D-Mass., and Bernie Sanders, I-Vt. -- reported, according to The Hill.

“I hate to say it, but our opponents are way ahead of us when it comes to money in the bank,” a campaign fundraising email for Biden said. “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.”

Less cash on hand means the campaign will struggle to respond to “twists and turns of this race — and with Donald Trump constantly pushing his false smear campaign against Joe, that’s a HUGE problem,” the letter says.

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