The Guardian

Big money backs both parties in US midterm races

Michael Bloomberg has spent $80 million supporting Democratic candidates ahead of November’s US midterms, focusing on efforts to regain the House of Representatives. Donald Trump plans to provide $400 million for Republican candidates, with $300 million already disbursed. Elon Musk has also spent $366 million helping Republicans.

Source published: Brief prepared:
Big money backs both parties in US midterm races
Image source · The Guardian

What to know

  • 01

    Michael Bloomberg made his contributions in September and October, emphasizing Democrats seeking to regain control of the US House of Representatives.

  • 02

    Democrats consider themselves favored to retake the House, while acknowledging that Republicans lead in fundraising.

Why it matters

These spending figures offer context for the parties’ competition for campaign resources in the US midterm elections.

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