Trump fundraising pace slows as Democratic Senate candidates smash records
And state-level reports show that energetic donors are driving large sums into high-level gubernatorial races.
And Fetterman had nearly $5.5 million remaining in the bank as of June 30 compared to Oz’s $1.1 million, deposited Friday night with the FEC show. (Oz’s ability to leverage his personal wealth in the coming months, however, could reduce Fetterman’s current cash advantage.)
In Arizona, meanwhile, Kelly sat atop nearly $25 million on June 30 as Republicans vied to take him on in November heading to an August 2 primary in the United States. Grand Canyon State.
Even in states considered less competitive this fall, Democratic Senate candidates emerged from the second quarter with the financial advantage.
And the “Hillbilly Elegy” author ended the quarter with about $629,000 left in the bank and even more — nearly $883,000 — in debt.
“Democratic Senate battleground candidates are breaking fundraising records – and they’re fueled by vibrant, grassroots supporters who are committed to protecting and expanding our Senate majority battling to meet priorities. most urgent needs of working families,” Eli Cousin, a spokesman for the Democratic Senate Campaign Committee, said in a statement.
The day the ruling was handed down — June 24 — and the day after marked the two most important fundraising days of the election cycle for the DSCC, officials from the Senate Democrats’ campaign arm said.
“Even though the Democrats have all the money in the world, they’re on the wrong side of the issue,” said Jack Pandol, spokesman for the Senate Leadership Fund, a super PAC aligned with Senate GOP Leader Mitch McConnell of the Kentucky.
“You see voters frustrated with high inflation, with crime and with an uncontrolled border,” he added. “All the money in the world is not going to change this dynamic.”
And outside Republican groups — such as the SLF and its nonprofit arm One Nation — will spend big to get that message out to voters. SLF ended June with more than $104 million in cash reserves, a record for the group.
The influx of money into key races allowed campaigns to air early and often.
Already, five major U.S. Senate races — in Ohio, Arizona, Pennsylvania, Georgia and Wisconsin — have seen more than $350 million in advertising through mid-July, data shows. AdImpact. And hundreds of millions more in advertising spend have been earmarked for the critical fall months.
Buoyed by strong fundraising, Warnock has been particularly active, spending more than $27 million on advertising this year, with a sustained ad campaign targeting the fitness of GOP opponent Walker and a mix of spots touting the holder’s work in Congress and his biography.
Republican groups such as One Nation hit back with their own attack ads, hammering Democrats on inflation and gas prices.
One Nation has spent more than $34 million on spots targeting vulnerable Democratic incumbents such as Warnock and Kelly, as well as Senator Maggie Hassan in New Hampshire. The group has also been active in Wisconsin supporting GOP Senator Ron Johnson’s re-election bid.
DeSantis builds massive war chest as Trump fundraising plummets
Even as the political world focuses on midterms, Trump is weighing his own campaign to return to the White House.
Friday’s filing shows he raised $17 million through a joint fundraising committee in the April-June period. That’s down from the $19 million the committee raised in the first three months of the year. It comes as Florida Governor Ron DeSantis, a potential rival to become the GOP’s standard bearer in 2024, is building up a massive war chest for his re-election this fall.
The governor’s political team has already identified ways to turn some of his massive war chest into money that could be spent on a federal campaign if he decides to run for president, a source with knowledge tells CNN. of these conversations.
In a statement late Friday, Trump spokesman Taylor Budowich sought to push back against the idea of weakening financial support for the former president. He said Trump was “continuing to build the most unprecedented political effort in the history of American politics.”
“Not only is he fundraising at an unprecedented rate,” Budowich added, “but he’s investing in America First candidates and continuing to grow the MAGA movement into 2022 and beyond.”
Trump’s Save America Joint Fundraising Committee distributes money to other parts of Trump’s operation, including the PAC leadership – dubbed Save America – which is the former president’s main political vehicle.
Save America PAC had $101 million remaining in its coffers at the end of May, according to its latest public filing. He will report on his June fundraising and spending later this month.
New state reports also indicate that gubernatorial races are being flooded with campaign money.
The haul put the former congressman and former presidential candidate ahead of incumbent Republican, Texas Governor Greg Abbott, who said he raised $24.9 million during the same period.
But Abbott, who is seeking a third term, should have a much larger pool of available cash to spend.
And in one of the high-profile midterm gubernatorial contests, Stacey Abrams, the Democratic nominee in Georgia, took a substantial fundraising lead over incumbent GOP Governor Brian Kemp.
CNN’s Steve Contorno contributed to this report.