Report: Cory Booker Is Running Out Of Funds In His Presidential Run, Here’s How Soon He May Exit

Democratic presidential candidate Cory Booker may be running out of runway for his 2020 bid as the outcome of his campaign could be decided within the next 10 days.

According to a report from ABC News, which cites a “new internal memo, which was leaked and posted on Medium Saturday,” the Booker team must raise another $1.7 million by September 30 to stay in the presidential race.

The medium report claims the figure was provided by Booker’s campaign manager Addisu Demissie.

ABC News reports:

If not, Booker may not meet the “increase in the DNC’s debate-qualifying thresholds, which would require significant funds to meet.”

The Democratic National Committee has not announced the guidelines for its fifth debate, which is in November.

During a press call Saturday morning, Demissie made clear if Booker doesn’t raise $1.7 in the next 10 days, he will drop out.

“We got in this race to win it,” Demissie said. “We’re not running for second place, and this is not an attention-getting effort for Cory Booker.”

Booker’s fundraising problems may not even be his most pressing problem as the New Jersey senator is only polling at 1 percent in the newest ABC News poll.

“In that same poll, among 480 Democratic primary voters, former Vice President Joe Biden polled at 27 percent, Sen. Bernie Sanders at 19 percent, Sen. Elizabeth Warren at 17 percent and Sen. Kamala Harris at 7 percent,” ABC News reports.

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Should Booker get more funding—enough to keep him in the race—limping through at 1 percent is certainly not a winning strategy.

Here’s even more from the report:

Qualifying for the upcoming October Democratic debate isn’t enough; Booker needs money to come in quickly, Demissie said. “Without a fundraising surge to close out this quarter, we do not see a legitimate long-term path forward,” he wrote.

Booker’s campaign manager said the plea for fundraising $1.7 million isn’t a stunt to get more press. “This is a real, unvarnished look under the hood of our operation at a level of transparency unprecedented in modern presidential campaigns,” Demissie wrote.

Often presidential campaigns send catastrophic emails in an attempt to boost last-minute fundraising dollars. However, Booker’s campaign manager stressed on Saturday that this is far from a ploy. “It’s about the trajectory of our fundraising and our ability to use money now, to build to continue to build the organization, we need to win,” Demissie said. Without the fundraising at the end of the quarter, “we do not see a legitimate long term path to ultimately win a nomination,” he said frankly.