Oct 18, 2018 - Economy
Midterm fundraising breaks $2 billion
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Democratic candidates running for Congress this year have raised more than $1 billion, while Republicans took in $709 million through September, according to a Washington Post analysis by Michelle Ye Hee Lee and Anu Narayanswamy.
Why it matters: Democrats' record-shattering sum "highlights the party’s zeal to retake the House and Senate and underscores the enormous amount of money flowing into the midterm races."
"The $1.06 billion raised through the end of September surpasses the nearly $900 million collected by Republican candidates for Congress in 2012 — previously the largest haul registered by a single party by this point in the election cycle."
- "And it is the first time since 2008 — when Democrats swept the White House and both chambers of Congress — that Democratic candidates for House and Senate have outraised Republicans in direct contributions to candidates’ committees."
