Republicans fear a $1 billion cash advantage may not buy them the midterms

Summary

Republicans are facing anxiety as they enter the final month of the midterm campaign, fearing that even $1 billion in campaign spending won't fend off sweeping election losses as the party reckons with President Donald Trump's unpopularity, inflation and the war in Iran. The cash advantage, spread out across a half-dozen groups, is driven largely by the Trump-aligned MAGA Inc., which had nearly $416 million in cash on hand at the end of August and began stepping up its spending on critical races in September. The GOP has twice as much cash as Democrats, but soaring political ad rates and voters' frustration with rising costs could blunt its advantage, Fortune reports.

Latest: Republicans are increasingly anxious that even $1 billion in campaign spending won't fend off sweeping midterm losses, as the party reckons with President Trump's unpopularity, inflation and the war in Iran.

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