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Photo: Scott Olson/Getty Images

Elizabeth Warren's campaign sounded an alarm on Friday to its supporters, saying in an email that it has only raised $17 million so far in the fourth quarter, per CNBC.

Why it matters: With just days left before the quarter's end on Dec. 31, that number is — at the moment — down 30% from the $24.6 million Warren brought in during the third quarter.

The state of play: The email says the campaign is aiming to finish the quarter having raised $20 million.

  • Even hitting $20 million would be an 18.7% drop from the third quarter.

The big picture: Cory Booker and Julián Castro both utilized similar strategies to rally their supporters to raise cash quickly to keep their campaigns alive.

  • While Warren's campaign didn't paint its money woes as existential, it is likely attempting to avoid bad news on the fundraising front in early 2020 — especially given her polling slips in recent weeks.

Go deeper:

Go deeper

Erica Pandey, author of @Work
45 mins ago - Economy & Business

The winners and losers of the pandemic holiday season

Illustration: Sarah Grillo/Axios

The pandemic has upended Thanksgiving and the shopping season that the holiday kicks off, creating a new crop of economic winners and losers.

The big picture: Just as it has exacerbated inequality in every other facet of American life, the coronavirus pandemic is deepening inequities in the business world, with the biggest and most powerful companies rapidly outpacing the smaller players.

Coronavirus cases rose 10% in the week before Thanksgiving

Expand chart
Data: The COVID Tracking Project, state health departments; Map: Andrew Witherspoon, Sara Wise/Axios

The daily rate of new coronavirus infections rose by about 10 percent in the final week before Thanksgiving, continuing a dismal trend that may get even worse in the weeks to come.

Why it matters: Travel and large holiday celebrations are most dangerous in places where the virus is spreading widely — and right now, that includes the entire U.S.

Updated 6 hours ago - Politics & Policy

Supreme Court backs religious groups on New York coronavirus restrictions

Photo: Saul Loeb/AFP via Getty Images

The U.S. Supreme Court ruled late Wednesday that restrictions previously imposed on New York places of worship by Gov. Andrew Cuomo (D) during the coronavirus pandemic violated the First Amendment.

Why it matters: The decision in a 5-4 vote heralds the first significant action by the new President Trump-appointed conservative Justice Amy Coney Barrett, who cast the deciding vote in favor of the Catholic Church and Orthodox Jewish synagogues.