February 01, 2020

Biden Digs Deep Into Wall Street Rolodex to Brace for Fight
(Bloomberg) -- Joe Biden’s campaign has added big-name Democratic fundraisers to the candidate’s national finance committee, including billionaire Penny Pritzker and Avenue Capital Croup’s Marc Lasry, as it braces for a protracted fight for the Democratic nomination.Muddied or close results in the first few contests paired with multiple candidates who have signaled plans to stay in the race indefinitely drag the nominating contest deep into the year, and Biden’s camp argued Friday that it’s ready for the fight.“The VP remains in a strong position to perform well in the first four states and on Super Tuesday, but we’re also planning for an extended process into the summer,” campaign manager Greg Schultz said in a memo to Biden supporters, hinting that the campaign expects Bernie Sanders will stay in the race at least until the end of the primary calendar, even if he doesn’t have a delegate advantage.“Monday’s contest begins the process, it doesn’t end it,” Schultz said. “And, it’s a process we are fully prepared and well-positioned to win.” After falling behind top opponents in raising money, January has been Biden’s “strongest month of fund raising since launch,” he said, with much of the growth coming online.Setting the BarWhile Schultz’s memo could be interpreted as an effort to lower expectations ahead of an uncertain showing on Monday, so he could tout the results if Biden does reasonably well, it could also be seen as an effort to head off panic among Biden’s supporters should he perform poorly.For months, Biden’s top aides have stressed that their strategy doesn’t rely upon wins in Iowa or New Hampshire as much as it does on strong performances later in February in Nevada and South Carolina, and on Super Tuesday, March 3. But before Biden began falling behind Sanders in a variety of national and key-state polls, they hadn’t acknowledged the possibility that the nomination fight would stay competitive deep into the primary calendar.Currently, Biden trails Sanders in the RealClearPolitics polling average.In Iowa, Biden and his team are expecting a close finish, the candidate insisted. “I think it’s going to be just a tossup here. It has been all the way along,” Biden told reporters in Mount Pleasant at the end of a day of campaigning that took him to small events in three towns in the southeastern corner of the state.Calendar Favorable?Still he projected optimism, even as operatives and pundits in Iowa have become more skeptical about his chances. “I’ve said from the beginning I expect to do well. I probably shouldn’t tell you that, but I expect to do well,” he said.However Monday night’s caucuses turn out, Biden said he doesn’t see those results defining the race – at least for him if he doesn’t win. “It’s not as consequential in one sense as it has been in years past,” he said. New Hampshire will be “a real uphill race as it always is for a non-New Englander.” Both Sanders and Warren are from neighboring states.The calendar becomes more favorable to him after that. “I feel very strongly that we have a great firewall in South Carolina. I think we’re in a position where we’ll do very well in Nevada,” he said.Big-Name FundraisersIn addition to teasing a strong fundraising announcement as January comes to a close, Schultz big-name Democratic fundraisers who have joined Biden’s finance committee, including Pritzker, the former U.S. Commerce Secretary; former Ambassadors Jane Hartley and Rufus Gifford; Lasry, chairman and CEO of Avenue; Mark Gallogly, managing principal and co-founder of private equity firm Centerbridge Partners; Blair Effron, co-founder of investment banking firm Centerview Partners; and Alex Heckler, founding and managing partner of LSN Partners, a Miami Beach-based consulting firm.Schultz said he anticipates there will be only a small difference between the number of delegates among the top candidates after the Iowa and New Hampshire contests. That will benefit Biden, who has led polls of South Carolina by double-digits for months. To help with delegate strategy, Biden’s campaign has hired David Huynh, a veteran of Hillary Clinton’s 2016 campaign and Kamala Harris’s campaign, as delegate adviser. Schultz said that having Huynh, a top expert on delegate strategy, on board will be an “enormous advantage.”(An earlier version correctged the affiliation of Blair Effron.)(DISCLAIMER: Michael Bloomberg is also seeking the Democratic nomination for president. Bloomberg is the founder and majority owner of Bloomberg LP, the parent company of Bloomberg News.)(Recasts first paragraph.)To contact the reporter on this story: Jennifer Epstein in Mount Pleasant, Iowa at jepstein32@bloomberg.netTo contact the editors responsible for this story: Wendy Benjaminson at wbenjaminson@bloomberg.net, Magan CraneFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Latest News
Top news around the world
Coronavirus Disease

Coronavirus disease (COVID-19) is an infectious disease caused by a newly discovered coronavirus.

Most people infected with the COVID-19 virus will experience mild to moderate respiratory illness and recover without requiring special treatment. Older people, and those with underlying medical problems like cardiovascular disease, diabetes, chronic respiratory disease, and cancer are more likely to develop serious illness.

Around the World

Celebrity News

> Latest News in Media

Watch It
Food Before Sex?, Wedding From Hell & Sleeping With an Ex
March 02, 2021
Golden Pop Awards: Best Jokes, Boldest Fashion & Celeb Homes
March 02, 2021
Kim Kardashian's Hairdresser Trolls Her For Falling Asleep | E! News
March 01, 2021
Why Jodie Foster Thanked Aaron Rodgers At The Golden Globes
March 01, 2021
Best Moments from the 2021 Golden Globes
March 01, 2021
'Nomadland' Director Chloe Zhao On Her Historic Golden Globe Win
March 01, 2021
Inside Tiger Woods’ ex Elin Nordegren’s new $10M Palm Beach mansion | Page Six Celebrity News
March 01, 2021
Canelo Alvarez kicks two Jake Paul fans out of ring | Page Six Celebrity News
March 01, 2021
Hilaria and Alec Baldwin welcome baby No. 6 — five months after baby No. 5 | Page Six Celebrity News
March 01, 2021
Dr. Oz Saves Man's Life at Newark Airport After He Collapsed | TMZ
March 02, 2021
Questlove Says Calling Out HFPA's Lack of Diversity is Lip Service, Until it Changes | TMZ
March 02, 2021
Surveillance Video Shows Men Open Fire on Laney Keyz's L.A. Home | TMZ
March 02, 2021
TV Schedule
Late Night Show
Watch the latest shows of U.S. top comedians


Latest sport results, news, videos, interviews and comments
Find us on Instagram
at @feedimo to stay up to date with the latest.
Featured Video You Might Like
zWJ3MxW_HWA L1eLanNeZKg i1XRgbyUtOo -g9Qziqbif8 0vmRhiLHE2U JFCZUoa6MYE UfN5PCF5EUo 2PV55f3-UAg W3y9zuI_F64 -7qCxIccihU pQ9gcOoH9R8 g5MRDEXRk4k
Copyright © 2020 Feedimo. All Rights Reserved.