Biden flexes his cash advantage, GOP megadonors spend big in latest FEC filings

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Federal Election Commission filings from the first quarter of 2024 show a competitive race for cash between Republicans and Democrats in many key Senate races across the country.

President Biden walks across the South Lawn to board Marine One on Tuesday, March 19, 2024. President Biden and the Democratic groups allied with his campaign continue to demonstrate an enormous cash advantage over Donald Trump’s presidential effort with nearly six months until the election.

Down the ballot, new Federal Election Commission filings from the first quarter of 2024 show a leading Democratic super PAC outpacing its GOP counterpart in the battle for the Senate. Democrats’ hopes of maintaining control of the U.S. Senate — where they have a slim 51-49 majority — has long looked like difficult because the 2024 map is far more favorable to Republicans. Democrats are trying to defend 23 seats in the Senate — including three held by independents who caucus with Democrats — while Republicans need to hold just 11. The Democratic Party’s task is complicated by the fact that they are all but certain to lose the seat of retiring Sen.

The Biden campaign announced earlier this month that it raised more than $90 million in March and that broader Biden effort had about $192 million in cash at the end of the month — more than double what their rivals are holding in their war chest. Reports from some Biden committees, alongside Democratic super PACs, showed the generosity of top Democratic donors such as megadonor James Simons, who gave $2.

Griffin also gave $4 million to the Congressional Leadership Fund in March and $5 million to American Patriots PAC, which aims to elect conservative veterans to Congress. Republican megadonor Paul Singer also gave $1 million to American Patriots group, which has spent very little so far. American Patriots PAC placed ads earlier this year in support of Republican, a retired Army colonel who is vying against Democratic Rep. Don Davis in North Carolina’s 1st District.

 

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