The Vermont senator started January with $18.2 million remaining in his bank account to face a slew of early state contests, according to his campaign filings with the Federal Election Commission. Around the corner: 14 Super Tuesday states in early March and with them wildly expensive advertising markets in places like California.
Sen. Elizabeth Warren on Friday also reported spending heavily during the final months of 2019, churning through more than $33 million in the fourth quarter, after raising a little more than $21 million.
That left the Massachusetts Democrat with $13.7 million at the start of this year.
Sanders and Warren have relied on a strong base on small-dollar online donors — who can be tapped repeatedly for donations before they hit the $2,800 contribution limit — to fuel their campaign. Small-dollar donations accounted for more than half of the contributions each received during the final three months of the year, the filings show.
Sanders’ campaign is looking ahead to Super Tuesday and recently bought $2.5 million worth of ads in delegate-rich California and Texas.
Warren, who has invested heavily in her Iowa ground game, remains in the top tier in most Iowa polling, but her numbers have stalled nationally and in early-voting states. She has signaled she will keep campaigning regardless of her showing in Iowa.
“We expect this to be a long nomination fight and have built our campaign to sustain well past Super Tuesday,” Warren campaign manager Roger Lau wrote in a memo last week.
A third candidate, Sen. Amy Klobuchar of Minnesota, started January with far less money remaining in the bank than her rivals: slightly less than $5 million, according to her Federal Election Commission report.