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Joe Biden's third presidential bid enters a critical stretch after a disappointing finish in the Iowa caucuses sent the former vice president on to New Hampshire with a skittish donor base, low cash reserves and the looming threat of billionaire rival Michael Bloomberg and his unlimited personal wealth.
In New Hampshire on Tuesday, Biden insisted he had a 'good night' in Iowa even as he trailed the top moderate candidate, former Mayor Pete Buttigieg of South Bend, Indiana, and the leading progressive, Bernie Sanders, according to initial returns from 71% of precincts.
Biden - Minnesota - Sen - Amy - Klobuchar
Biden was running fourth, close to Minnesota Sen. Amy Klobuchar, who just days ago polled in single digits.
That leaves some establishment Democrats, including some Biden supporters, questioning his contention that he'll reclaim clear front-runner status in the race against President Donald Trump once the primary fight moves beyond overwhelmingly white Iowa and New Hampshire to more racially diverse electorates. And it's a reminder of how Biden's previous presidential campaigns never advanced beyond Iowa.
Bill - Freeman - Biden - Donor - Nashville
'If he came in fourth, yeah, that could hurt,' said Bill Freeman, a Biden donor from Nashville, Tennessee, who added that he hadn't even considered such a possibility heading into Monday's caucuses. 'That's a bad night, no matter how you spin it.'
Most precarious for Biden: Some of the would-be donors he could win over with a strong showing are giving new looks to Bloomberg, the former New York City mayor whose entire strategy of sitting out the four early nominating states is pegged to the possibility that Biden falters.
Bloomberg - World - Men - Worth - Money
Bloomberg, one of the world's wealthiest men with a net worth approaching $60 billion, isn't asking for money. He's simply looking for support that could cut off financial lifelines to Biden, whose campaign reported just $9 million cash on hand to start the year.
That's patronage Biden...
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