GOP retains Senate seats despite record-breaking Democratic fundraising

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.