New York Times reports that Senator and presidential candidate Elizabeth Warren's decision not to hold big money fundraisers or use bundlers led her finance director to resign.
Ms. Warren’s most immediate challenge, though, may be money. She raised only $299,000 in the first day of her candidacy, far below the $5.9 million and $6.1 million Mr. Sanders and Mr. O’Rourke brought in for the same period and also less than Ms. Harris. In emails to supporters, asking for as little as $3, her campaign flatly says her rivals will post “fund-raising figures we won’t be able to match.”
And after demonstrating little capacity to raise cash online, Ms. Warren effectively doubled down on small-dollar contributions, announcing last month that she would no longer hold big-money fund-raisers or seek wealthy donors to bundle hundreds of thousands of dollars in checks.
She cast it as a decision long in the making that will offer her more time with voters. In truth, she made the choice only after a robust debate inside her campaign that led to the resignation of her finance director, Michael Pratt, who strenuously objected to the idea.