RFK Jr.'s presidential campaign is burning through cash

By the numbers: Kennedy brought in $7 million from October to December while he spent $7.7 million, according to his public filing with the Federal Elections Commission.

• He ended the fourth quarter with $5.4 million in cash on hand, a decline from the $6.1 million in cash on hand he had at the end of September, when he was still running in the Democratic primary.
• Of Kennedy's total fundraising haul, $1.9 million came from unitemized donations less than $200, while $5 million came from itemized donations above $200.
• The super PAC supporting him, American Values, raised $18.5 million in the last six months of 2023, while spending $13.4 million.

Flashback: Kennedy raised almost $8.7 million and spent more than $7 million during the third quarter of 2023.

Zoom in: Democrats and Republicans have worried that Kennedy's long-shot presidential campaign could siphon off key votes in what is expected to be a razor-thin general election campaign.

• A Politico analysis found that of the $5 million that came from donations greater than $200, about $224,000 came from donors who gave to former President Trump's 2020 campaign, while $105,000 came from donors who gave to President Biden in 2020.

Between the lines: A Harvard CAPS-Harris Poll from earlier this month found that Trump beat Biden in a hypothetical three-way race between the Kennedy and the two likely party nominees.

What to watch: Kennedy has qualified for the ballot in Utah and New Hampshire.

• Kennedy earlier this week toyed with running with the Libertarian Party, which has a strong track record of helping candidates secure ballot access.

Go deeper: RFK Jr.: Conservatives' favorite 2024 Democrat