Former Vice President Joe Biden to announce he’s entering the 2020 race Thursday morning

It will mark Biden’s third run for the presidency, and though he will enter this crowded Democratic field at the top of several polls, he’s going to have a fundraising challenge to overcome.

A Federal Election Commission financial summary notes that the “Biden for President” campaign had no cash on hand as of the end of June 2012. The former vice president is also likely to face comparisons to Sen. Bernie Sanders and former Rep. Beto O’Rourke, who each raised about $6 million during their first 24 hours in the race.

Biden brings a long career in public service to his presidential bid, which began in 1972 when he was elected to the Senate in Delaware. Biden served in the Senate for nearly 40 years, where he was chairman of the Senate Judiciary and Foreign Relations committees, before becoming vice president in 2009.

Biden is likely to face scrutiny for some of his past policy positions including his anti-bussing legislation in the 1970s, his role in the 1994 crime bill and his handling of the Anita Hill hearings as chairman of the Judiciary committee.

Biden has taken steps to acknowledge these past issues ahead of his run. During a speech on Martin Luther King Jr. Day, Biden said the country needs to do more to acknowledge the racism built into ‘every aspect of our system.”

Biden also acknowledged his role in 1980’s drug legislation that disproportionally hurt minorities by creating longer mandatory minimum sentencing for crack cocaine than powder cocaine. Read more

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