Buttigieg and Biden haven't invested in any ads in the crucial Super Tuesday states: WSJ analysis

Buttigieg and Biden haven't invested in any ads in the crucial Super Tuesday states: WSJ analysis

Former South Bend, Ind., Mayor Pete ButtigiegPete ButtigiegFeehery: Why Democrats are now historically unpopular Harris, Buttigieg to promote infrastructure law in Charlotte 'Fox & Friends Weekend' hosts suggest new variant meant to distract from Biden's struggles MORE and former Vice President Joe BidenJoe BidenCDC working to tighten testing requirement for international travelers On The Money — Powell pivots as inflation rises Overnight Energy & Environment — Presented by ExxonMobil — Manchin seeks 'adjustments' to spending plan MORE have yet to spend any money on ads in Super Tuesday states as the important March 3 date grows closer. 

According to ad tracker Kantar/CMAG, the only candidates that have spent sizable amounts of ad money in Super Tuesday states are Sen. Bernie SandersBernie SandersOn The Money — Powell pivots as inflation rises Pence-linked group launches 0K ad campaign in West Virginia praising Manchin Senators huddle on path forward for SALT deduction in spending bill MORE (I-Vt.) and billionaires Michael BloombergMichael BloombergThe economic challenges facing Jerome Powell and Joe Biden Poll: Harris, Michelle Obama lead for 2024 if Biden doesn't run Democrats are sleepwalking towards electoral disaster in 2022 MORE and Tom SteyerTom SteyerYouth voting organization launches M registration effort in key battlegrounds Overnight Energy: 'Eye of fire,' Exxon lobbyist's comments fuel renewed attacks on oil industry | Celebrities push Biden to oppose controversial Minnesota pipeline | More than 75 companies ask Congress to pass clean electricity standard Celebrities push Biden to oppose controversial Minnesota pipeline MORE.

Sens. Amy KlobucharAmy KlobucharKlobuchar confident spending bill will be finished before Christmas Sunday shows preview: New COVID-19 variant emerges; supply chain issues and inflation persist The Hill's 12:30 Report: Biden renominates Powell as Fed chair MORE (D-Minn.) and Elizabeth WarrenElizabeth WarrenSenate GOP blocks defense bill, throwing it into limbo Restless progressives eye 2024 Poll: Harris, Michelle Obama lead for 2024 if Biden doesn't run MORE (D-Mass.) have spent some money on advertising in the 14 states, though the sum of their spending combined is less than $2 million, The Wall Street Journal reports.

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Sanders has paid for $11 million worth of ads, a modest number in comparison to Bloomberg's $156 million and Steyer's $37 million in ad spending in Super Tuesday states.

Sanders's fundraising prowess helped him raise $25 million in January alone, allowing him to spend competitively with Steyer and Bloomberg, both of whom supplement their campaign accounts with their own personal fortunes. 

The lack of spending for both Buttigieg and Biden in Super Tuesday states is unsurprising considering the amount of money each of the candidates had on hand going into the Iowa caucuses in the beginning of February.

Prior to the contest, Buttigieg clocked less than $7 million on hand, Biden just over $7 million and Klobuchar and Warren less than $3 million, according to the paper.

Biden in particular has had campaign fundraising issues in the past, and bundlers for the camp have anticipated further problems with donations given his lackluster finishes in both the Iowa and New Hampshire nominating contests earlier this month. 

Buttigieg specifically has executed a high-risk, high-reward strategy. His campaign poured $14 million into Iowa and New Hampshire in January. The results were strong, with the former mayor virtually tying Sanders in Iowa and narrowly coming in second place in New Hampshire.

However, the former mayor's money dump seemed to have emptied his campaign's coffers. On Thursday Buttigieg sent an email to supporters saying that he needs to raise $13 million by Super Tuesday to remain competitive.

Warren reportedly raised more than $10 million in January, but spend $23 million. The imbalance caused her campaign to dip into $400,000 of a $3 million line of credit, but according to her campaign the move "ultimately wasn’t necessary.”

Warren received a bump thanks to a strong primary debate performance in Las Vegas Wednesday, raising nearly $3 million that day.

Additionally, Klobuchar raised $5.5 million in January and Biden raised $9 million, but like many of their fellow candidates they spent more than they brought in — $7.6 million and $11 million, respectively.