A growing number of candidates and PACs have announced their fundraising for the second quarter of this year, with Friday marking the deadline for submitting their fundraising reports.
While not all candidates and PACs have officially announced their numbers, some interesting developments have emerged.
For one, a number of Senate Democrats and Democratic challengers vying for Senate seats have outperformed their Republican counterparts — a possible dose of optimism for the party in what is expected to be a challenging medium-term environment.
In two contests, GOP incumbents have reported better fundraising numbers than challengers backed by former President Trump, raising questions about whether his support will be enough to get candidates across the finish line in November.
Also, gubernatorial races in Texas and Georgia are posting staggering fundraising numbers.
Here are five takeaways from this recent fundraising round:
In a handful of Senate elections, Democrats outperformed their Republican challengers
A number of Senate Democrats and Democratic challengers had impressive fundraising returns in the second quarter, outperforming their Republican peers.
In Colorado, incumbent Senator Michael Bennet (D) raised $3.3 million, while Republican nominee Joe O’Dea raised nearly $2 million.
Rep. Tim Ryan (D-Ohio), who is running for the Ohio State Senate, raked in $9.1 million, while “Hillbilly Elegy” author JD Vance (R) raked in over $2.3 million received for the quarter. Vance’s campaign noted that the sum included funds he received from JD Vance for Senate Inc., Ohioans for JD and Vance Victory.
Over in Pennsylvania, Lt. gov. John Fetterman (D), who is running to resign from Sen. Pat Toomey’s (R-Pa.) Senate seat, $11 million. His Republican challenger, Mehmet Oz, raised $3.8 million, according to The Philadelphia Inquirer.
Rep. Val Demings (D-Fla.), who is vying for the seat from Sen. Marco Rubio (R-Fla.), has raked in more than $12.2 million. Rubio’s campaign has yet to release its latest fundraising numbers.
Incumbent Sen. Raphael Warnock (D-Ga.) earned over $17.2 million in the second quarter, while former soccer star Herschel Walker (R) earned nearly $6.2 million.
Some of these Senate races are considered the most competitive for this election cycle. Those fundraising numbers could provide some optimism for Democrats, who face medium-term headwinds given high inflation and President Biden’s lagging approval ratings.
The House Democrat campaign arm edged past its Republican counterpart
The Democratic Congressional Campaign Committee (DCCC), the Democrats’ campaign arm in the House of Representatives, reported slightly higher fundraising last quarter than the Republicans’ campaign arm, the National Republican Congressional Committee (NRCC).
The DCCC said Wednesday it had earned $40.7 million over the past three months, compared to the NRCC, which reported over $34 million.
In June alone, the House Democrat campaign arm raised $17 million, while the Republican raised $16.5 million.
The NRCC starts the next quarter with $109 million in the account compared to the DCCC’s $121.5 million.
While the president’s party typically loses seats in the midterms, a Politico-Morning Consult poll released earlier this week showed Democrats had a 4 percentage point lead over Republicans in a general congressional vote. However, this poll is still a few months ahead of the midterms in November.
The House Republican campaign arm reports higher fundraising in the second quarter than its GOP Senate counterpart
The NRCC reported higher numbers than the National Republican Senatorial Committee (NRSC), the Republican campaign arm of the Senate, for this latest quarter of fundraising.
While the NRCC received more than $34 million for this most recent quarter, the NRSC raised $25.6 million. In June alone, the Republican campaign arm in the Senate raked in $9.45 million, compared to its GOP counterpart in the House of Representatives, which took in $16.5 million.
The House Committee has raised $215 million so far this cycle and starts the next quarter with $109 in cash. The Senate Committee has raised $173.4 million so far this cycle and begins the next quarter with $28.453 million in cash.
Two GOP incumbents raked in more cash than their Trump-backed challengers
The campaigns of two Republican incumbents — that of Sen. Lisa Murkowski (R-Alaska) and Rep. Liz Cheney (R-Wyo.) — received more money than their Trump-backed challengers in this latest fundraising quarter.
In Alaska, Murkowski’s re-election campaign announced it has raised nearly $1.7 million. The Anchorage Daily News reported that the campaign raised her Trump-backed competitor Kelly Tshibaka (R) $587,000.
Over in Wyoming, Cheney’s campaign told the Casper Star-Tribune that it had raised approximately $2.9 million. Meanwhile, her challenger Harriet Hageman (R) raised more than $1.8 million over the same period.
Both Murkowski and Cheney drew Trump’s wrath when they voted to impeach the former president following the Jan. 6, 2021 Capitol riots. Cheney is also one of two Republicans serving on the House special committee investigating the attack on the Capitol.
Large transports were reported at the Texas and Georgia governors’ races
Two gubernatorial elections have raised a notable amount of funds, with all four candidates raising millions of dollars in the most recent quarter of fundraising.
In Texas, Democratic gubernatorial nominee Beto O’Rourke’s campaign announced that he had raised $27.6 million from over 511,000 donations between February 20 and June 30, while incumbent Governor Greg Abbott’s (R ) raised $24.9 million from approximately 113,000 donations.
A poll by the University of Houston’s Hobby School of Public Affairs, conducted this week, showed that Abbott has a 5 percentage point lead over O’Rourke.
The bipartisan Cook Political Report categorizes the gubernatorial race as “probably Republican.”
The Georgia gubernatorial race is also reporting some key numbers for this final quarter. Georgia Gov. Brian Kemp’s (R) campaign raised approximately $3.8 million, in addition to the approximately $3 million raised by the Kemp-affiliated PAC, Georgians First Leadership Committee, in May and June received.
But Democratic challenger Stacey Abrams brought in about $9.6 million in the same two months, in addition to about $12.3 million raised by her One Georgia Leadership Committee.
An AARP Georgia Chapter poll released this week showed Kemp leading Abrams at 52 percent to 45 percent.
The governorship is rated a “toss up” by the Cook Political Report.