Bernie Sanders raises $25 million in 3rd-quarter 2020 cash, Pete Buttigieg $19 million
WASHINGTON — Bernie Sanders reported Tuesday that he raised $25.3 million over the last three months, the largest quarterly sum a Democratic White House hopeful has posted this year and an amount that ensures he will be an enduring presence in the primary.
Pete Buttigieg, who entered the race as the little-known mayor of South Bend, Indiana, also released his numbers, pulling in $19.1 million for the quarter, an almost $6 million dip from his field-leading sum last quarter but an amount that's all but certain to place him in the top tier.
The large sums, which were posted after the notoriously dry summer fundraising months, come as both candidates have faced skepticism about their prospects. Buttigieg has struggled to break out of single-digit polling, while Sanders has faced a drumbeat of speculation that progressive rival Elizabeth Warren is eating into his support.
Taken together, the numbers offer a clear sign that both candidates will have ample resources to compete well into the primary. They are the first two contenders to release their figures, which don't have to be reported to the Federal Election Commission until Oct. 15.
"Media elites and professional pundits have tried repeatedly to dismiss this campaign, and yet working-class Americans keep saying loudly and clearly that they want a political revolution," Sanders campaign manager Faiz Shakir said in a statement.
Sanders has repeatedly condemned rivals who rely on big-dollar fundraisers, instead championing his army of online donors who give small amounts. Yet the Vermont senator in now holding similar events and earlier transferred $10 million from his other campaign accounts, a portion of which was raised in the kind of ritzy environments he's blasted.
He now bills these as "grassroots" fundraisers and was set to hold one such event in Las Vegas on Tuesday. In June, $2,000 tickets for a San Francisco fundraisers sold out. A Los Angeles event in July that charged as much as $2,800 featured rapper Vic Mensa.
Spokeswoman Sarah Ford said in an email that the basic cost of entry is $27 and "no one is required to donate any amount above that to attend."
There's a growing sense of urgency as the primary becomes a fierce battle for a limited pool of cash that could make the difference between staying in the race and heading for the exits. In the days and hours before Monday's deadline, Democratic candidates pleaded for money, making appeals on social media and collectively blasting out more than 80 emails asking supporters to "chip in" $5, $10 or $50.
Those outside the top tier are facing pressure to post competitive numbers or get out, though their exits couldn't come soon enough for some angsty Democrats. They will not only face challenges paying for advertising to amplify their message, but are likely to struggle reaching fundraising thresholds set by the Democratic National Committee to qualify for future debates.
"If you are being outraised 3-to-1 by Elizabeth Warren, Bernie Sanders or Joe Biden, you have no viable path to victory," said Rufus Gifford, Barack Obama's former finance director. "Even if you can compete in the early states ... shortly thereafter you will run out of money."
Cory Booker recently warned that unless he juiced his fundraising numbers by an additional $1.7 million he'd likely have to drop out. The New Jersey senator announced Tuesday he was "proud" of his team for surpassing the goal while pulling in a total of $6 million for the quarter.