Here’s a look at some of the key takeaways from third-quarter reports Democratic candidates just filed with federal election regulators: Biden burned through his campaign donations over the summer — spending more money than he took in and leaving him with just a fraction of the cash available to several of his better-funded rivals for the Democratic presidential nomination. Biden’s campaign entered October with $8.98 million remaining in its bank account, after spending more than $17.6 million during the July-to-September quarter. Biden raised $15.7 million during the quarter, according to a report filed by his campaign late Tuesday, shortly after the conclusion of the Democratic presidential debate in Westerville, Ohio, sponsored by CNN and The New York Times. Biden’s cash position a little more than three months before the Iowa caucuses puts him at a big financial disadvantage to rivals such as Sanders, who reported having $33.7 million stockpiled for the primary slog ahead. Two other Democratic presidential candidates — Warren and South Bend, Indiana, Mayor Pete Buttigieg — have each stockpiled more than $20 million. What’s Biden spending money on? One-quarter of Biden’s spending in the three-month went to payroll, his filings show. Speaking to reporters Tuesday night following… Read full this story
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