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Democrats Show Strong Fundraising in Second Quarter
Confirmed
In Short: Democrats reported strong fundraising results in the second quarter, with many vulnerable incumbents raising over $1 million.
Democrats reported strong fundraising results in the second quarter, with many vulnerable incumbents raising over $1 million, according to Cook Political Report and Roll Call. The reports, covering the period from April 30 to June 30, showed that Democrats have an even bigger head start than normal on fundraising for the upcoming election.
Jon Ossoff, the chamber’s most vulnerable Democrat and its most fruitful fundraiser, had another big quarter, taking in more than $10 million after raising $11 million during the first three months of the year. This strong fundraising performance can help to discourage a serious challenge and provide incumbents with a financial cushion.
In the increasingly hostile GOP campaign in Texas, Sen. John Cornyn’s political operation reported raising $3.9 million, with his campaign bringing in $804,000 directly and the remainder coming from a joint fundraising effort that backs Cornyn but has different rules about how the money can be spent.
Craig reported raising $2.5 million in the second quarter, which included a $657,000 transfer from her House campaign. This significant fundraising effort underscores the financial advantage Democrats have in their campaigns.
“Buddy” Carter reported raising about $1 million in contributions and loaned his campaign an additional $2 million, while state Insurance Commissioner John King, who entered the race in early May, raised $518,000. This disparity in fundraising between Carter and King highlights the financial challenges facing new entrants in competitive races.
The National Republican Congressional Committee noted that swing-district Republicans have dominated vulnerable House Democrats in fundraising for every single quarter this campaign cycle. The Q1 averages show the full picture: Swing-District Republicans raised $1.2 million with $3.5 million in cash on hand, while Vulnerable House Democrats raised $919,000 with $2.4 million in cash on hand. The NRCC’s spokesman Mike Marinella stated, “Vulnerable House Democrats are getting outraised, outworked, and outmatched. Republicans have the momentum, and the money is following it.”
The Democratic Senatorial Campaign Committee (DSCC) also reported impressive fundraising results, with Amy McGrath raising $12.8 million last quarter, outraising the unpopular Majority Leader by more than $5 million. The DSCC had its best-ever Q1 fundraising haul with more than $28 million raised, after bringing in nearly $11 million in March and outraising the NRSC for the month.
Maine Republican Susan Collins raised $2.4 million between April and June, closing the quarter with $5.3 million on hand as she seeks a sixth term.
What this adds
The strong fundraising performance by Democrats in the second quarter indicates a robust financial base for their campaigns, potentially offsetting the financial advantage Republicans have in swing districts.
What's confirmed
- Democrats reported strong fundraising results in the second quarter, with many vulnerable incumbents raising over $1 million, according to Cook Political Report and Roll Call. The reports, covering the period from April 30 to June 30, showed that Democrats have an even bigger head start than normal on fundraising for the upcoming election.
- Jon Ossoff, the chamber’s most vulnerable Democrat and its most fruitful fundraiser, had another big quarter, taking in more than $10 million after raising $11 million during the first three months of the year. This strong fundraising performance can help to discourage a serious challenge and provide incumbents with a financial cushion.
- In the increasingly hostile GOP campaign in Texas, Sen. John Cornyn’s political operation reported raising $3.9 million, with his campaign bringing in $804,000 directly and the remainder coming from a joint fundraising effort that backs Cornyn but has different rules about how the money can be spent.
- Craig reported raising $2.5 million in the second quarter, which included a $657,000 transfer from her House campaign. This significant fundraising effort underscores the financial advantage Democrats have in their campaigns.
- “Buddy” Carter reported raising about $1 million in contributions and loaned his campaign an additional $2 million, while state Insurance Commissioner John King, who entered the race in early May, raised $518,000. This disparity in fundraising between Carter and King highlights the financial challenges facing new entrants in competitive races.
- The Democratic Senatorial Campaign Committee (DSCC) also reported impressive fundraising results, with Amy McGrath raising $12.8 million last quarter, outraising the unpopular Majority Leader by more than $5 million. The DSCC had its best-ever Q1 fundraising haul with more than $28 million raised, after bringing in nearly $11 million in March and outraising the NRSC for the month.
- Maine Republican Susan Collins raised $2.4 million between April and June, closing the quarter with $5.3 million on hand as she seeks a sixth term.
What's still developing
- One easy way to tell that an incumbent is slacking is to look at their fundraising reports.
- Nor does having a fat cash-on-hand balance mean smooth sailing for 2022.
- The fundraising reports, which were due by midnight Tuesday to the Federal Election Commission, offer the latest updates on how candidates fared in their money-raising efforts over the three-month period from April to June and how the different races are shaping up.
- The latest slew of impressive fundraising reports — across a Senate map that keeps shifting against Republicans — is the latest sign that Democratic candidates are running strong campaigns that will have the necessary resources to compete and win in November.
- (CNN) — US economic growth accelerated last quarter at its fastest pace in over a year; howe… Your browser is out of date and potentially vulnerable to security risks.