Senate Republicans are rallying around rich people running for office, though this strategy raises new hurdles.
Senate Republicans are returning to a strategy they hope could neutralize their Democratic rivals' financial edge: Find rich people to runFrustrated by the seemingly endless cash flowing to Democrats, Republicans aiming to retake the Senate have rallied around candidates with plenty of their own money.
In Wisconsin, businessman and real estate mogul Eric Hovde is the leading contender to face two-term Democratic Sen. Tammy Baldwin. While it's unclear how much Hovde is worth because he has not yet filed a mandatory financial disclosure, he had the wherewithal to lend his campaign $8 million in the first quarter of 2024 — and may have to tap into those resources again to combat questions about the depth of his ties to Wisconsin.
Dave McCormick, the Republican Senate nominee in Pennsylvania, has faced similar questions. The former hedge fund CEO has plenty of money to help fund a campaign in one of the most politically divided states. His 2024 net worth, with his wife, was between $61.6 million and $183.6 million. He lent over $14 million to his 2022 campaign for Senate, and so far he has plunged nearly $2 million into his bid this year.
Sheehy's conflicting accounts, first reported by The Washington Post, could undermine the potentially compelling profile of a combat veteran who started a Montana company. He has blamed a “liberal smear machine” for using the shooting to help Tester.
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