McConnell-backed organizations achieve record fundraising in 2024 cycle.
Fundraising Groups Linked to Mitch McConnell Report Record-Breaking Hauls
Two fundraising groups linked to Senate Minority Leader Mitch McConnell (R-KY) have reported record-breaking hauls so far this year as the party builds a war chest for the 2024 election cycle.
The Senate Leadership Fund and One Nation raised $10.1 million and $28.2 million, respectively, during the first six months of 2023. According to the groups, these figures are the highest they’ve ever brought in during the first half of an off-election year.
The Senate Leadership Fund raised more than double what it reported during the same six-month period in 2021.
These large sums leave Senate Republicans with hefty war chests. As of June 30, the Senate Leadership Fund reported having $11.4 million cash on hand, while One Nation has $31.3 million cash on hand.
2024 Election Cycle and Senate Seat Distribution
In the 2024 election cycle, there are a total of 34 Senate seats up for grabs. Of these, Democrats must defend 23, compared to just 11 for Republicans. This puts the GOP in a strong position to flip the upper chamber.
Currently, Democrats hold a 51-49 majority in the Senate, with the advantage of having Vice President Kamala Harris as a tiebreaker vote if needed. However, if Republicans win back the White House, they only need to net one Senate seat to secure the majority in 2024. Otherwise, the party needs to secure two extra Senate seats.
At least eight Senate seats held by Democrats are considered to be tightly contested, with three of them being toss-ups heading into the 2024 cycle.
One Nation has already launched two advocacy ads, spending $2 million to target vulnerable incumbent Sen. Joe Manchin (D-WV).
On the 2024 map, there are 15 seats considered “solid Democrat,” including California, Connecticut, Delaware, Hawaii, Maine, Maryland, Massachusetts, Minnesota, New Jersey, New Mexico, New York, Rhode Island, Vermont, Virginia, and Washington.
Another nine seats are considered “solid Republican,” including Indiana, Mississippi, Missouri, North Dakota, Tennessee, Utah, Wyoming, and both seats in Nebraska. Two Senate seats, held by Sens. Rick Scott (R-FL) and Ted Cruz (R-TX), are considered “likely Republican.”
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