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Sanders and Warren hold big lead in the 2020 money race

Sen. Bernie Sanders, Former Vice President Joe Biden, Sen. Elizabeth Warren and Mayor Pete Buttigieg
Photo: Chip Somodevilla/Getty Images

Bernie Sanders and Elizabeth Warren have stockpiled millions more than their rivals, including Joe Biden, the AP reports.

Why it matters: The campaign is entering a stretch where having cash on hand can allow candidates to scale up their operations and make a splash nationwide — especially because the first votes in Iowa and New Hampshire are now less than 4 months away.

By the numbers: Sanders had $33.7 million in cash on hand on his third-quarter fundraising report. Warren had $25.7 million; Pete Buttigieg came next at $23.3 million. Biden, next at just $8.9 million, has burned through money at a fast clip over the past three months, while posting an anemic fundraising haul.

  • Biden's dwindling war chest "raises questions about his durability as a front-runner," notes the AP.

Go deeper: Bernie Sanders' campaign says it raised $25.3 million in Q3