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Conservative Megadonors Pour Record-Breaking Funds Into Senate Races

Senate Democrats hold press confrence on new foreign aid policy

A network of leading conservative megadonors has funneled tens of millions of dollars into the fight for the Senate during the third quarter of the year, as per new filings with the Federal Election Commission. The Senate Leadership Fund, a super PAC aligned with outgoing Republican Senate leader Mitch McConnell, reported a record-breaking fundraising total of $115.7 million in the third quarter. This amount, although slightly less than the $119 million raised by its Democratic counterpart, Senate Majority PAC, still marks a significant milestone for the group.

During the period from July to September, prominent donors to Republican candidates and causes generously contributed to the Senate GOP super PAC. Notable contributors included billionaire financiers such as Ken Griffin, founder and CEO of Citadel, who donated $20 million in the third quarter, bringing his total contributions for the year to $27.5 million. Paul Singer, founder and CEO of Elliott Management, also gave $10 million in the third quarter, making his total for the year $20 million. Stephen Schwarzman, co-founder and CEO of Blackstone Group, contributed $9 million.

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