US NEWS | Warren, Gillibrand and Sanders enter 2019 with cash edge Politics


US NEWS | Warren, Gillibrand and Sanders enter 2019 with cash edge Politics Warren reported having over dollar 11 million in the account for her US Senate campaign committee at the end of 2018, per her year end Federal Election Commission report. Gillibrand reported over dollar 10.3 million in cash on hand for her Senate campaign committee, the second highest total among those 2020 contenders filing reports. And Sanders, whose grassroots fundraising strength helped power his 2016 presidential campaign, reported having just over dollar 9.09 million in the bank. No other contender filing a year end report had more than dollar 5 million in cash on hand. Thats money that can be transferred to a presidential campaign. And the same goes for any other potential candidates who currently hold federal office and have funds available in their principal campaign committees, giving them a head start over some of their potential opponents. In a crowded primary field, in a presidential race expected to smash spending records, an initial cash edge can give candidates critical resources to get their message out early. Sen. Kamala Harris flashed robust fundraising potential when she announced that she had raised more than dollar 1.5 million in the 24 hours following her presidential campaign announcement. Separately, the California Democrat reported having just over dollar 1.3 million in the account for her Senate campaign committee at the end of the year. Warrens presidential exploratory committee formed just before the year end reporting deadline didnt report any contributions or cash on hand, but an detailed in ActBlues report suggests Warren raised dollar 299,000 on the platform on the day of her announcement, though that total doesnt capture any funds Warren may have raised outside of ActBlue. Warren, Harris, and any other White House aspirants who announce before March, will file a more complete accounting of their presidential fundraising activities at the end of the first quarter. Former Housing and Urban Development Secretary Julian Castro, who announced his White House bid in mid December, had over two weeks in the year end period to raise funds, and his presidential committee reported raising just over dollar 220,000 and has about dollar 200,000 in cash on hand. Other senators who filed year end reports include Sen. Cory Booker, who reported dollar 4.1 million in cash on hand, the fourth highest total; Sen. Amy Klobuchar with dollar 3.9 million; and Sen. Sherrod Brown with nearly dollar 1.4 million. Rep. Tulsi Gabbard, who is running for president, reported having over dollar 2 million in cash on hand from her US House campaign committee Beto ORourke smashed fundraising records amid his losing Texas Senate campaign in 2018 and launched himself into the presidential conversation, but he spent nearly all of the dollar 80 million he raised in the midterms and reported having just dollar 286,531 in cash on hand. Rep. Eric Swalwell, who said this week he is a decision on 2020, reported dollar 1.67 million in cash on hand. John Delaney, a former House member who has been campaigning for president since July 2017, reported dollar 268,248 in cash on hand for his presidential campaign, and reported loaning his campaign dollar 1 million in the last quarter of 2018. Another key gauge of a candidates strength is their small dollar fundraising support how much money they raised from contributions under dollar 200. Warren 92.7 percent , Gillibrand 81.66 percent , Harris 73.3 percent , Brown 78.9 percent and Gabbard 93.4 percent all benefited from high small dollar support, calculated as the percentage of individual contributions they received that came from those small dollar donors. The year end reports also shed light on the spending activity of 2020 contenders in the period immediately preceding some of their presidential announcements. Warren, just weeks from her announcement, spent the most on transfers to state party committees, staff salary, and internet advertising, while Harris directed the vast majority of her spending to web advertising. Gillibrand spent the most on staff salary and communications consulting, according to her report, while Booker split is spending mostly on a mix of staff related expenditures, advertising and fundraising consulting service.

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