WASHINGTON (CNN) - With less than five months before the Iowa caucuses, Sen. Joe Biden is retooling his presidential fundraising operation in an effort to raise more money for what is expected to be a costly and divisive stretch run for the Democratic presidential nomination.
Dennis Toner, a longtime Biden fundraiser, takes over for Chris Koerner to run the day-to-day finance operation, a Biden aide confirmed to CNN. Koerner will stay on with the campaign and focus heavily on raising money from trial lawyers. News of the Biden restructuring was first reported Wednesday by The Washington Post.
Biden is also seeking to increase his financial strength in the Northeast, assigning larger roles to Paula Levine, a New York fundraiser, and Mary Liz Kane, Sen. Ted Kennedy's Boston fundraiser.
Biden has raised approximately $4.4 million since the beginning of the year - less than all the other Democratic candidates except for Ohio Rep. Dennis Kucinich and former Alaska Sen. Mike Gravel. As of June 30, he has $2.8 million cash on hand.
- CNN Ticker Producer Alexander Mooney