Presidential Candidates - Cash on Hand (Update: transfers)
The FEC site is finally updated for the third quarter and I'm trying my hand at reading it. Data is through 9/30, time period 2017-2020.
The numbers that are usually reported in the media are the funds raised during the quarter, which is clearly important, but at this point in the cycle I think that cash on hand is also pretty important. A campaign whose burn rate is already almost as big as its fundraising has little room to expand as we move towards actually voting and the need for advertising.
Big money donors will often give contributions both for the primary and the general election. Both count as part of the funds raised number and cash on hand, but are not available to spend in the primary. I don't see it called out in the data, but maybe I'm just missing it.
Cash on Hand ($ millions)
Trump -- $83
No surprise that the incumbent has the most cash. He'll need to spend relatively little on the primary, rolling everything over into the general. That buys a lot of lipstick for the pig.
Sanders -- $33.8
Plenty of cash to ramp up spending as needed.
Transfers from authorized committees -- $12.7
Transfer from Senate Committee -- $2.6
Transfer from 2016 Presidential Committee -- $4.6
Transfer from Friends of Bernie Sanders -- $4.5
Not quite sure who "Friends" is, it's flagged against his Senate campaign. I seem to be missing a million somewhere, don't hire me to do your taxes!
Warren -- $25.7
Transfers from authorized committees -- $10.4
Transfer from Senate Committee -- $10.4
Recall that Warren was accepting corporate donations for her Senate campaign, so some of that money is not the small dollar donations she is claiming for this campaign, but whatever.
Buttigieg -- $23.4
I knew that Buttigieg had been raising a lot of money, I guess he's only been spending it on fund raising. When he finally drops out he'll have a big war chest to roll into his 2022 Senate campaign.
Transfers from authorized committees -- Zero
Harris -- $10.5
Transfers from authorized committees -- $1.2
Transfer from Senate Committee -- $1.2
Biden -- $9
What's this? The Great Neoliberal Hope is down to spare change he found in the sofa? Some portion of that $9 million will be earmarked for the general (no idea how much). He's not going to be able to compete in California and the Super Tuesday states without a big increase in fund raising.
Transfers from authorized committees --Zero! I'm guessing without chasing it down that he transferred any leftover Senate money into the Obama/Biden campaign back in the day. The Obama/Biden campaign is showing a COH of $3.3 million against debts of $5.6 million, so no money for Old Joe from there.
Gabbard -- $2.1
I notice a $2.5 million "transfer from other authorized committees" (this appears as a transfer from her Congressional campaign committee) offset by a $0.5 million "transfer to other authorized committees" (back to her Congressional campaign committee, for some reason). In other words, total contributions $6.5 million, total expenditures $6.4 million. Cash on hand is what she transferred from her Congressional account.