Billionaires Pouring Money into GOP for Midterms

American billionaires funnelled $880 million into the elections as of last week, accounting for 7.4% of all money raised by federal candidates, political parties, and political action committees.

Billionaires have been pouring more money into GOP campaigns than ever before.

This surge in donations is giving the Republican Party a boost in races that Democrats thought they had on lock.

The most recent data shows that billionaires are donating more to GOP candidates and PACs than they have in any other midterm election cycle.

This money is having an impact: in close races across the country, Republicans are using their financial advantage to outspend Democrats on advertising and get their message out to voters.

Democrats may still have a chance to win control of Congress, but they'll need to find a way to compete with the deep pockets of Republican donors if they want to make it happen.

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