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.

Elizabeth Warren endorsed by the Des Moines Register

Democratic Presidential candidate Sen. Elizabeth Warren speaks during a June town hall in Miami, Florida. Photo: Rhona Wise/AFP via Getty Images

The Des Moines Register's editorial board hailed Sen. Elizabeth Warren as "the best leader for these times" as it endorsed her for the Democratic presidential nomination on Saturday night.

Why it matters: It's another win for Warren who, along with 2020 rival Sen. Amy Klobuchar, was endorsed for president by the New York Times last Sunday. The endorsement comes just ahead of the Iowa caucuses on Feb. 3.

Go deeperArrowJan 26, 2020