Home > 2011 > Personal Finance > Warren Doubles Brown in Fundraising Last Quarter

Warren Doubles Brown in Fundraising Last Quarter

Advertiser Disclosure Comments 0 Comments

Elizabeth Warren, the former consumer protection leader and Harvard law professor turned Senate candidate, raised $3.15 million over the last quarter, her campaign announced. That’s just more than double the $1.55 million that Republican Senator Scott Brown raised in the same period.

Despite Warren’s strong showing, Brown still holds a significant advantage when it comes to fundraising, with $10.5 million in the bank when the quarter ended Sept. 30. Warren, in her first run for political office, had little money raised coming into the quarter.

[Resource: Get your free personalized Credit Report Card]

Warren trumpeted her big gain by reposting a Tweet on her website: “$3.15M raised, 96% <$100, & 11k MA donors. Thx! We need strong grassroots support so invite yr friends.” Translated, those numbers mean the vast majority of Warren’s cash came in small donations of less than $100 apiece, with 11,000 coming from Massachusetts donors.

That last bit, about donors from her home state, may become increasingly important, since both Warren and Brown are likely to gain lots of financial support from outsiders. As soon as Warren announced her candidacy this race became one of the most-watched in the nation. Warren enjoys a rare degree of nationwide renown after her year-long job as President Obama’s assistant in charge of setting up the new Consumer Financial Protection Bureau. That job, and her consistent, strident critiques of Wall Street, have won Warren fans—and donors—from across the country.

[Featured Product: Looking for credit cards for fair credit?]

For his part, Brown also has cut a national figure. His surprising upset in 2010 to take the Senate seat long held by Democrat Ted Kennedy was widely seen as an early win by conservative Tea Party activists. That relationship has since cooled, as Brown sought to distance himself from the Tea Party and certain members of the movement accused him of throwing Tea Partiers “under the bus” by opposing cuts to social and cultural programs.

[Related article: Want To Know Where Candidate Elizabeth Warren Stands? Read Her Books]

Image: Congressional Oversight Panel, via Wikipedia

Comments on articles and responses to those comments are not provided or commissioned by a bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by a bank advertiser. It is not a bank advertiser's responsibility to ensure all posts and/or questions are answered.

Please note that our comments are moderated, so it may take a little time before you see them on the page. Thanks for your patience.

Certain credit cards and other financial products mentioned in this and other articles on Credit.com News & Advice may also be offered through Credit.com product pages, and Credit.com will be compensated if our users apply for and ultimately sign up for any of these cards or products. However, this relationship does not result in any preferential editorial treatment.