Biden’s looming cash crunch

Joe Biden’s middling $15.2 million third-quarter fundraising haul is raising fresh questions about whether the former vice president’s campaign can withstand a new onslaught of Republican ad attacks while simultaneously waging a battle for the Democratic nomination.

Biden’s campaign has long framed his candidacy around the idea that he can beat Trump in a head-to-head contest, particularly in the battleground states that were central to Trump’s 2016 victory over Hillary Clinton.

But Biden’s polling numbers in the Democratic primary have declined in recent months, and his fundraising has also lagged — he collected $7 million less between July and the end of September than in the second quarter.

His latest fundraising round was more than $9 million behind his closest rival in the polls — Elizabeth Warren. His total also ran well behind Pete Buttigieg and Bernie Sanders.

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