Joe Biden's donors are divided over whether he can raise enough cash to persist in the presidential campaign following his weak showing in the New Hampshire primary.
Joe Biden's donors are divided over whether the former vice president can raise the necessary amount of cash to persist in the presidential campaign following his weak showing in the New Hampshire primary.
Democratic 2020 U.S. presidential candidate and former Vice President Joe Biden visits a polling station on the day of New Hampshire's first-in-the-nation primary in Manchester, New Hampshire U.S., February 11, 2020.Joe Biden's donors are divided over whether the former vice president can raise enough cash to persist in the Democratic presidential primary race following his weak showing in the New Hampshire primary.
Some Biden bundlers, who declined to be named due to concern about upsetting the campaign, told CNBC that members of their donor networks are already calling to say that the former vice president's flop in the Granite State looks like an insurmountable hurdle. These donors are also saying that they will stop backing Biden's campaign if he continues under performing.
Since Iowa, Biden has seen a drop in polls nationally. Sanders has overtaken him in the Real Clear Politics polling average. Biden's campaign has repeatedly said it expects to have their best showing in South Carolina, which has a much bigger black population than Iowa and New Hampshire, and to make inroads on Super Tuesday. So far, polling has indicated that Biden enjoys the most support in the field among black Democrats, although recent polls show fellow moderate Mike Bloomberg and progressive Sanders cutting into that margin.
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