U.S. Senator Elizabeth Warren raised more money than most of her Democratic pres...
NEW YORK/WASHINGTON - U.S. Senator Elizabeth Warren raised more money than most of her Democratic presidential rivals in the weeks before the Iowa caucuses, but spent so heavily that her campaign took out a $3 million loan fearing she would run out of cash.
All of the presidential hopefuls were required to submit financial disclosures on Thursday, public documents that offer insights into how they are managing their multi-million campaign operations. The ability to raise cash and manage allocations is an important test for candidates to remain competitive as the nominating contest drags on for weeks.
Warren became the first candidate in the top tier to turn to borrowing money after having spent nearly 97% of her warchest - the highest rate in the field. Warren eked out a third-place finish in Iowa and fourth-place finish in New Hampshire. Her widely praised performance in a debate this week buoyed her fundraising.
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