REPORT: Biden campaign burning through funds at rate tough to sustain

As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by WASHINGTONEXAMINER.COM:

Joe Biden’s campaign burn rate is one of the highest of any top-tier presidential primary candidate since 2008, in July through September spending 12.1% more than it took in and more than 30% higher than his chief rivals, such as Elizabeth Warren and Bernie Sanders, according to data analyzed by the Washington Examiner.

In the third quarter of 2019, covering July through September, Biden’s campaign raised $15.7 million and spent $17.6 million. The only candidate with a higher spending deficit was California Sen. Kamala Harris, who raised $11.8 million and spent $14.5 million, a 122.9% burn rate.

The article goes on to state the following:

Among Biden’s most costly expenditures, aside from staffing, was the use of private jets, which ran him $924,000. Biden also spent over $230,000 on “fundraising consultants” and tens of thousands of dollars on ritzy hotels such as the Carlyle Hotel in New York City. At the end of September, Biden’s campaign had $8.98 million cash on hand, compared to Sanders, the Vermont senator who sits on $33.7 million, Massachusetts Sen. Warren at $25.7 million, South Bend, Indiana, Mayor Pete Buttigieg at $23.4 million, and Harris at $10.5 million.

Biden’s campaign dismissed concerns that its spending was unsustainable after Tuesday night’s Democratic debate in Ohio.

Among Biden’s most costly expenditures, aside from staffing, was the use of private jets, which ran him $924,000. https://t.co/3PsKj3tLAX

— Washington Examiner (@dcexaminer) October 16, 2019

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