Elizabeth Warren, the Democratic candidate for the Senate seat currently held by Republican Scott Brown, currently has a lead on Brown in one key category: campaign money.
Warren raised $6.9 million during the first quarter of fundraising this year. This is more than any other candidate for a Senate seat in 2012, and more than twice the $3.4 million Brown raised in the same time period.
Despite this, Brown currently has a $4 million cash in hand advantage from fundraising prior to this most recent quarter, with $15 million total in his coffers.
Warren and Brown have agreed to a unique pact that levies fines on their campaigns if an outside group spends money on their behalf. Brown’s campaign has already paid several fines since this agreement was implemented in January.
Brown won his Senate seat in a special election in 2010, replacing legendary Sen. Ted Kennedy, D-Mass. Not surprisingly, Democrats have made retaking this seat a priority for the 2012 general election.
— Benjamin Nanamaker, InvestorPlace Money & Politics Editor
The opinions contained in this column are solely those of the writer.
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