Speed Reads

outmatched

Pete Buttigieg outraised Bernie Sanders by almost $7 million in the 2nd quarter

Sen. Bernie Sanders (I-Vt.) on Tuesday announced his campaign has raised $18 million in the second quarter of 2019, coming in behind his 2020 rival, South Bend Mayor Pete Buttigieg.

Sanders' campaign is reporting $24 million for the second quarter of the year, with $18 million of that having been raised and $6 million having been transferred from other accounts. Both numbers are shy of the $24.8 million Buttigieg on Monday reported his campaign has raised in the past three months, The New York Times notes. No other 2020 Democrat has reported their second quarter fundraising numbers yet, although President Trump's re-election campaign on Tuesday announced a giant $105 million raised in the quarter both from the campaign itself and from the Republican National Committee, NBC News reports.

Sanders previously announced having raised more than $18 million in the first quarter of the year, a total above that of any other candidate that quarter, The Washington Post reports. Former Vice President Joe Biden at that point hadn't announced his candidacy for president.

The Vermont senator's campaign manager, Faiz Shakir, had signaled prior to the release of these numbers that he likely wouldn't be reporting a fundraising figure as impressive as Buttigieg's.

"I think [Buttigieg will] probably have more money raised than we will," Shakir told CBS on Monday, arguing this would be because Sanders doesn't "solicit money from corporate executives at their homes," which makes it "very hard" for the campaign to "compete."