Republican campaign committees and political action committees are outraising their Democratic counterparts by millions of dollars ahead of the November midterm elections.

But in an election cycle where President Donald Trump is not on the ballot, and Democrats are itching to regain control of at least one branch of Congress after being shut out of power, the cash advantage Republicans have may not be enough to overcome a tough political environment.

Democrats faced their own painful lesson that money isn’t always king after former Vice President Kamala Harris raised $1.5 billion in 15 weeks during the 2024 election. She lost all seven battleground states and the popular vote to Trump. Part of her loss could be attributed to the backlash Democrats faced over former President Joe Biden’s handling of the economy and immigration.

The Republican National Committee raised $14.8 million in May, ending the month with $125.5 million on hand, dwarfing the $7.72 million the Democratic National Committee raised in May and the $15 million cash on hand, although it is $18 million in debt. Similarly, the National Republican Senatorial Committee had $48.9 million on hand, while the Democratic Senatorial Campaign Committee had $38.9 million through the end of May.

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