The Republican Party is set to significantly outspend the Democrats in the upcoming midterm elections on November 3.
According to an analysis by the Financial Times on October 21, Republican committees and outside groups are expected to spend over $1.3 billion (approximately 1.72 trillion won) during this election cycle. In contrast, the Democrats plan to allocate around $800 million (about 1.05 trillion won).
The Republicans also hold a substantial advantage in cash reserves available for the elections. The cash reserves of Republican political action committees (PACs) total $683 million, while their Democratic counterparts have only $484 million.
When factoring in the funds from President Donald Trump's Super PAC, MAGA Inc., and another Super PAC established by Tesla CEO Elon Musk, known as America PAC, the Republican cash reserves could rise to $900 million, according to the Financial Times analysis.
Despite the massive campaign funding, recent polls indicate a challenging outlook for the Republicans. A survey by RealClearPolitics shows that 60% of respondents do not support President Trump's handling of his duties.
Additionally, a CNN poll released on the same day revealed that when asked which party's candidate they would support in their district, 49% of respondents favored the Democrats, significantly outpacing the Republicans at 39%.
The Financial Times noted, "Given the polling results, the Democrats are likely to gain control of both the House and the Senate," adding that Republican candidates are ramping up their TV and online advertising efforts to shift the momentum in their favor.
* This article has been translated by AI.
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