Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

Democrats' financial advantage grows in tightest U.S. Congress races

Published 07/18/2022, 01:15 PM
Updated 07/18/2022, 01:21 PM
© Reuters. U.S. House Democrats announce an alternative plan to help the current financial and banking crisis on Capitol Hill in Washington, September 30, 2008. They are Representatives Marcy Kaptur (D-OH)(C), Peter DeFazio (D-OR)(L) and Lloyd Doggett (D-TX).    REU

By Jason Lange

WASHINGTON (Reuters) - Democrats on the ballot for November's most competitive congressional elections have a growing financial advantage over Republicans, with a few Republican campaigns showing signs they are struggling at fundraising, new financial disclosures show.

Republicans are still favored to win control of at least one chamber of the U.S. Congress on Nov. 8, boosted by widespread dissatisfaction with President Joe Biden, a Democrat.

But Democrats ended June with about $15 million more in the bank than their Republican opponents in 17 congressional races that are widely seen as toss-up elections on Nov. 8 and have finished party nominating contests, according to disclosures filed to the Federal Election Commission late on Friday.

In most of these races, Republican candidates still appeared to be raising enough money to mount viable campaigns, said Kyle Kondik, a political analyst at the University of Virginia's Center for Politics.

But money is not pouring into Republican campaign coffers for Ohio's 9th congressional district, where Republican activist J.R. Majewski ended June with only about $113,000 in the bank.

Majewski, who is challenging Democratic U.S. Representative Marcy Kaptur, first gained attention by painting his lawn with a giant "TRUMP" sign and has recently been the subject of news coverage exploring his links to the QAnon conspiracy theory movement and his presence at the Jan. 6, 2021 attack on Congress. Kaptur, first elected in 1982, ended June with about $1.7 million in the bank.

If she wins a 21st term in November she would become the longest-serving woman to ever hold a seat in Congress.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

"If Republicans come up like a little bit short in some of these swing districts, the huge money advantage for Democratic incumbents will probably be part of it," said Kondik.

Majewski's campaign did not respond to a request for comment.

Other Republicans who trailed badly in fundraising during the last three months included Colorado state senator Barbara Kirkmeyer, whose campaign for Colorado's 8th district only raised about $150,000 during the period. The Democrat in the race, state representative Yadira Caraveo, brought in around $600,000.

Democrats also outraised Republicans in U.S. Senate races in Pennsylvania, Nevada and Georgia, the chamber's tightest contests in November where party nomination contests have already played out.

Republican candidates in those three races still raised nearly $15 million between April and June, a large sum even if Democrats raised more than twice as much.

Latest comments

A red wave is coming!
If money determined election results, Bloomberg would have won.
If money determined elections, Bloomberg would have won.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.