Tuesday, July 16, 2019
Months of bleak polling couldn't stop the parade of lower-level Democrats crowding into the presidential primary. But bankruptcy might.
11 Democratic presidential candidates -- nearly half of the sprawling field -- spent more campaign cash than they raised in the second quarter of the year, according to new financial disclosures filed Monday. Eight contenders active in the spring limped forward with less than $1 million in cash on hand, and several top-tier contenders were already spending multiples of what their lower-profile competitors raised.
The financial squeeze is set to drastically shrink the lineup of Democratic contenders in the coming months. The numbers also reveal the tremendous pressure on lesser-known candidates to make a splash in the debates at the end of this month -- potentially the last chance some will have to attract a burst of support as their expenses pile up.
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