Politics

2020 Candidates Delayed Paying Staff to Look Richer on Paper

Drew Angerer/Getty

For months, Sen. Amy Klobuchar’s (D-MN) presidential campaign made regular payments to its staff and vendors, with varying daily expenditures that never exceeded $335,000. But on April 1, 2019, the campaign’s spending exploded.

Whereas Klobuchar’s campaign spent an average of about $55,000 per day through the end of June, according to FEC filings, it dropped a whopping $624,000 on the first day of April, including a $300,000 payment to the campaign’s digital vendor.  

That massive uptick in expenses was likely due to the fact that April 1 marked the beginning of the new fundraising quarter. By putting off the payments until then, Klobuchar was able to put the best possible spin on her presidential campaign’s financial position during the previous three months. If those expenses had come a day earlier, Klobuchar’s cash on hand figure would have been roughly $6.35 million. Instead, the campaign was able to claim roughly $7 million in reserves—a sum that placed her among the better-positioned Democrats in the presidential race. 

Read more at The Daily Beast.

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