Sep 28, 2018 - Politics & Policy

GOP super PAC ditches two vulnerable House Republicans

Colorado Rep. Mike Coffman. Photo: Larry French/Getty Images for SiriusXM

The Congressional Leadership Fund is pulling its planned TV advertising for Colorado Rep. Mike Coffman and Michigan Rep. Mike Bishop, Politico first reported and Axios has confirmed. The combined $3.1 million initially invested in these races will be redistributed elsewhere.

Why it matters: Both are tough races and Coffman's district was recently moved to favor Democrats. Moving money away from vulnerable GOP incumbents suggests that the party sees these races as a lost cause, but the NRCC is still advertising in both of them.

Go deeper: CLF has been working since February 2017 to help House Republicans in the midterm election.

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Data: Money.net; Chart: Axios Visuals

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By the numbers: Since hitting its low on March 23, the S&P has risen about 50%, with more than 40 of its members doubling, according to Bloomberg. The $12 trillion dollars of share value that vanished in late March has almost completely returned.

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