Former VP Biden, Senator Harris and Mayor Pete are the favourites of Wall Street donors
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The behind-the-scenes competition for Wall Street money in the 2020 presidential race is reaching a fevered peak this week as no less than nine Democrats are holding New York fund-raisers in a span of nine days, racing ahead of a June 30 filing deadline when they must disclose their latest financial hauls.
NYT reports that with millions of dollars on the line, top New York donors are already beginning to pick favorites, and three candidates are generating most of the buzz: former Vice President Joseph R. Biden Jr., Senator Kamala Harris of California and Mayor Pete Buttigieg of South Bend, Ind.
Interviews with two dozen top contributors, fund-raisers and political advisers on Wall Street and beyond revealed that while many are still hedging their bets, those who care most about picking a winner are gravitating toward Mr. Biden and Ms. Harris, while donors are swooning over Mr. Buttigieg enough to open their wallets and bundling networks for him. These dynamics raise the prospect of growing financial advantages for some candidates and closed doors for others.
The momentum of big money in New York toward Mr. Biden, Mr. Buttigieg and Ms. Harris is mirrored in contributor circles nationally, according to donors and campaign advisers, as well as in poll results: The trio is usually among the top five candidates in early primary states and national surveys.
