Skeptical Democratic donors tell Joe Biden they will not raise funds for him at the start of the 2020 campaignCNBC, Mar 21, 2019
Several top Democratic donors have told former Vice President Joe Biden that they won't help him raise funds in the early stages of the party's 2020 presidential primary, CNBC has learned. Their reason: skepticism that Biden actually can win the Democratic primary.
Biden, who has yet to announce whether he will run, has reached out to leading financiers over the past week to see whether they will help him raise money for a presidential run. His pitch: He will need their assistance to compete against candidates, such as Beto O'Rourke and Bernie Sanders, who have raised millions of dollars over the first 24 hours of their campaigns, according to people familiar with the deliberations.
However, during those calls, some high-profile donors told Biden that they will not commit to bundling for him, at least in the early stages of the primary, said the people, who declined to be named. The donors told Biden they're not yet convinced he can overtake the younger, more diverse and progressive field, and that they are going to wait to see how he competes in the race, the people added.
The donors did tell Biden that they're willing to write the $2,700 checks for his campaign, which is the most an individual can give directly to a candidate in an election cycle, according to the people.
More:
https://www.cnbc.com/2019/03/21/skeptical-dem-donors-tell-biden-they-will-not-raise-funds-for-him.html
