December 1, 2020

Democrat Warren, worried campaign will run out of cash, taps $3 million loan

NEW YORK/WASHINGTON (Reuters) – U.S. Senator Elizabeth Warren raised more money than most of her Democratic presidential rivals in the weeks before the Iowa caucuses, but spent so heavily that her campaign took out a $3 million loan fearing she would run out of cash. Warren raised $10.4 million in contributions in January — more than former Vice President Joe Biden’s $9 million and former South Bend, Indiana Mayor Pete Buttigieg’s $6 million — but ended the month with only $2.3 million in cash, according to disclosures filed on Thursday. All of the presidential hopefuls were required to submit financial disclosures on Thursday, public documents that offer insights into how they are managing their multi-million campaign operations.

Via:: Democrat Warren, worried campaign will run out of cash, taps $3 million loan