Ahead of the Q1 Filing Deadline, Elizabeth Warren's Finance Director Resigns | NTK Network Ahead of the Q1 Filing Deadline, Elizabeth Warren’s Finance Director Resigns

Ahead of the Q1 Filing Deadline, Elizabeth Warren’s Finance Director Resigns

"Mr. Pratt noted that campaigns often collapse when they run out of money and pleaded with her not to cut off a significant cash stream..."

By NTK Staff | 04.01.2019 @11:30am
Ahead of the Q1 Filing Deadline, Elizabeth Warren’s Finance Director Resigns

Michael Pratt, who served as the finance director for Sen. Elizabeth Warren’s (D-MA) 2020 presidential campaign, announced that he was leaving the campaign right before the FEC filing deadline for the first quarter of 2019 in what might be a sign that supporters can expect lower-than-anticipated fundraising numbers from Warren.

The New York Times first reported on Sunday that Pratt resigned after a Valentine’s Day meeting with other senior Warren advisers. The meeting “grew heated” over Warren’s decision to “no longer hold big-money fund-raisers or seek wealthy donors to bundle hundreds of thousands of dollars in checks.”

According to the Times:

“Mr. Pratt noted that campaigns often collapse when they run out of money and pleaded with her not to cut off a significant cash stream, according to Democrats briefed on the conversation. He pointed out that winning over wealthy fund-raisers across the country helped build networks that could translate into political support, not just checks.”

“But Mr. Pratt lost the argument to two of Ms. Warren’s closest advisers, Dan Geldon and Joe Rospars, who made the case about standing apart from the field and freeing up her schedule.”

The timing of Pratt’s announcement is notable, as it came just days before the 2020 presidential campaigns are supposed to file their first quarter fundraising numbers.

Warren’s campaign has struggled with fundraising compared to other 2020 rivals, having raised a meager $299,000 online in the first day of her candidacy, according to ActBlue.

Almost every major 2020 presidential campaign boasted raising more than $1 million on the first day of their campaigns, and both Sen. Bernie Sanders (I-VT) and former Rep. Beto O’Rourke’s (D-TX) raised about $6 million on the first day of each of their campaigns.

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