Sign up for our daily briefing
Make your busy days simpler with the Axios AM and PM newsletters. Catch up on what's new and why it matters in just 5 minutes.
Catch up on the day's biggest business stories
Subscribe to the Axios Closer newsletter for insights into the day’s business news and trends and why they matter.
Sign up for Axios Pro Rata
Dive into the world of dealmakers across VC, PE and M&A with Axios Pro Rata. Delivered daily to your inbox by Dan Primack and Kia Kokalitcheva.
Sports news worthy of your time
Binge on the stats and stories that drive the sports world with the Axios Sports newsletter. Sign up for free.
Tech news worthy of your time
Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.
Get the inside stories
Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Want a daily digest of the top Denver news?
Get a daily digest of the most important stories affecting your hometown with Axios Denver
Want a daily digest of the top Des Moines news?
Get a daily digest of the most important stories affecting your hometown with the Axios Des Moines newsletter.
Want a daily digest of the top Twin Cities news?
Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities
Want a daily digest of the top Tampa Bay news?
Get a daily digest of the most important stories affecting your hometown with the Axios Tampa Bay newsletter.
Want a daily digest of the top Charlotte news?
Get a daily digest of the most important stories affecting your hometown with Axios Charlotte
Want a daily digest of the top Nashville news?
Get a daily digest of the most important stories affecting your hometown with the Axios Nashville newsletter.
Want a daily digest of the top Columbus news?
Get a daily digest of the most important stories affecting your hometown with the Axios Columbus newsletter.
Want a daily digest of the top Dallas news?
Get a daily digest of the most important stories affecting your hometown with the Axios Dallas newsletter.
Want a daily digest of the top Austin news?
Get a daily digest of the most important stories affecting your hometown with the Axios Austin newsletter.
Want a daily digest of the top Atlanta news?
Get a daily digest of the most important stories affecting your hometown with the Axios Atlanta newsletter.
Want a daily digest of the top Philadelphia news?
Get a daily digest of the most important stories affecting your hometown with the Axios Philadelphia newsletter.
Want a daily digest of the top Chicago news?
Get a daily digest of the most important stories affecting your hometown with the Axios Chicago newsletter.
Sign up for Axios NW Arkansas
Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters
Want a daily digest of the top DC news?
Get a daily digest of the most important stories affecting your hometown with the Axios DC newsletter.
Democratic Senate candidate Jaime Harrison conceded the race to incumbent Sen. Lindsey Graham on Tuesday after fundraising over $100 million during his campaign. Photo: Michael Ciaglo/Getty
Congressional races saw record-shattering fundraising numbers this year, with Democrats pouring money into candidates challenging Republican incumbents.
Why it matters: Democrats heavily invested in these contenders with the hope of flipping the Senate. The races brought in an outpouring of small-dollar donations.
The big picture: Though Democratic campaigns collected many millions of dollars this election cycle, several races in key states have resulted in losses.
- South Carolina
- Jaime Harrison, who raised $108.9 million, lost to Sen. Lindsey Graham.
- Kentucky:
- Amy McGrath, who raised $90 million, lost to Sen. Mitch McConnell.
- Maine:
- Sara Gideon, who raised $69.5 million, lost to Sen. Susan Collins.
- Texas:
- Mary Hegar, who raised $24 million, lost to Sen. John Cornyn.
What they're saying: "You wasted a lot of money," Graham said in his victory speech Tuesday night after defeating Harrison. “This is the worst return on investment in the history of American politics."
The bottom line: Despite picking up Senate seats in Colorado and Arizona, Democrats' hopes of winning control of the Senate faded as they lost a series of high-profile races.