Democrats dominate midterm fundraising, but Republicans have a huge cash advantage

Texas Democratic Senate candidate Texas state Rep. James Talarico waves to the crowd before speaking Mar. 4 in Austin. Talarico raised $27m in the first quarter of 2026, leading a pack of Democrats who outraised Republicans in several key Senate matchups.

The latest campaign finance reports show Democratic enthusiasm in key House and Senate races, but national Republican groups have far more in the bank to potentially spend down the road.

(Image credit: Eric Gay)