Beto O'Rourke is in big trouble

In the not-so-distant past, former Rep. Beto O'Rourke (D-Texas) was the fundraising king. He excelled at reeling in the dough during both his 2018 Texas Senate run and his early presidential campaign. But those days are seemingly over for the 2020 candidate.

O'Rourke has struggled recently when it comes to polls and funding, which is raising questions about whether his once-promising campaign has run out of gas. He is expected to report just $3.6 million between April and June, less than half the $9.4 million he raised in the first quarter. The number also falls short of the $6.1 million he raised in the 24 hours after he first announced his campaign, which is what had people thinking he could be a contender in the first place. Politico called the April through June figure "startlingly small."

The fundraising decline reportedly has O'Rourke's allies on edge, though they think he still has time to get things back on track. If that's to be the case, he probably needs to simultaneously improve his polling numbers, which have also dipped.

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It doesn't sound as if O'Rourke is ready to bow out, however. Instead of scaling back, the campaign is making a push by expanding its number of field offices in Iowa.

But in the larger picture, the numbers indicate O'Rourke is fading into the primary's muddied waters. Sens. Elizabeth Warren (D-Mass.), Kamala Harris (D-Calif.), Bernie Sanders (I-Vt.), South Bend Mayor Pete Buttigieg, and former Vice President Joe Biden have begun to separate themselves from the pack in terms of cash and polling data. O'Rourke was never a frontrunner, but he appears to have been displaced by Buttigieg as the election's upstart candidate.