Washington Watch: Here’s how outside spending is boosting candidates in tough Senate races with midterm elections just two weeks away

by | Oct 25, 2022 | Stock Market

Democratic Senate candidates across eight of the nine pivotal races deemed either a “toss-up” or “lean” Republican or Democrat by the nonpartisan Cook Political Report hold massive fundraising leads over their Republican opponents, with the average lead across the nine races being $29.9 million cycle to date, according to an analysis of third quarter filings to the Federal Election Commission.

Wisconsin Sen. Ron Johnson is the only Republican running in a Cook-rated competitive race to hold a fundraising lead. The two-term senator has raised a total $29.4 million this election cycle, according to his third quarter filing to the FEC, which covers contributions through Sept. 30. His opponent, Wisconsin Lt. Gov. Mandela Barnes, has raised $26.5 million cycle to date. Read: Democrats raise more money than Republicans in 9 out of 10 competitive Senate races, channeling voter energy after Roe overturned Despite the five weeks of contributions not yet reported to the FEC, both Johnson’s and Barnes’ fundraising sums have broken the previous record set by a Wisconsin Senate candidate, Democrat Russ Feingold, who raised a total $24.5 million in 2016. It’s not just Wisconsin that has seen record fundraising by a Republican Senate candidate. Mehmet Oz in Pennsylvania has already broken the previous full-cycle fundraising record. However, unlike Johnson, Oz’s Democratic opponent has out-fundraised him. FEC third quarter filing show the Democrat with the …

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