Jan 23, 2020

Warren becomes fastest first-time presidential candidate to hit 3 million donations

Photo: Sarah Rice/Getty Images

Elizabeth Warren reached 3 million donations faster than any other first-time presidential candidate, per a person familiar with the campaign's fundraising.

Why it matters: She reached this milestone today — about one week before Sen. Bernie Sanders did the same in 2016. While donations come from all over the country, the last-minute surge before the Iowa caucuses suggests growing momentum for Warren before the first nominating contests of 2020.

  • The campaign reached 2 million donations at the end of October and raised $21.2 million in 2019's fourth quarter.

The bottom line: Warren hasn't raised the most of any 2020 Democrat, but a surge in donations is a good sign for her campaign, which has stumbled slightly in recent polling.

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The 2020 Democratic candidates winning the money game

Data: 2019 FEC filings. Donations do not include funds from political committees or the candidates themselves. Chart: Danielle Alberti/Axios

In a primary race stacked with billionaires, the candidates raising the most money don't necessarily have all the same advantages.

Between the lines: Michael Bloomberg and Tom Steyer are easily able to outspend and outlast any other 2020 campaign. But while fundraising numbers show how powerful and long-lasting a campaign could be in a long election cycle, they are also a sign of support and excitement around a candidate — something money can't always buy.

Klobuchar's campaign says it raised $2.5M in 4 hours after New Hampshire polls closed

Photo: Preston Ehrler/Echoes Wire/Barcroft Media via Getty Images

Amy Klobuchar's campaign on Tuesday said it raised $2.5 million in four hours after New Hampshire polls closed and the Minnesota senator cemented her third-place finish.

Why it matters: The donations demonstrate how momentum from Friday's strong debate performance led into a strong electoral performance to boost her campaign.

Warren and Sanders raise millions after Nevada debate

Sens. Elizabeth Warren and Bernie Sanders. Photo: Mario Tama/Getty Images

Both Sens. Elizabeth Warren and Bernie Sanders raised more than $2.5 million after their Wednesday evening debate stage performances, the largest post-debate haul of the cycle, according to their campaigns.

Why it matters: The Democrats targeted first-time debater Mike Bloomberg, attacking his campaign spending, past comments about women and people of color, and non-disclosure agreements with former employees.

Go deeperArrowUpdated 15 hours ago - Politics & Policy