Veytics Intelligence
2026-10-16 · CNBC

Why Trump and the GOP's billion-dollar midterm blitz isn’t working

A billion-dollar war chest was meant to be Republicans' great equalizer heading into a bleak midterm election environment defined by economic frustration , President Donald Trump's unpopularity and fallout from the war in Iran . From Labor Day through Oct 14., GOP groups injected more than $740 million into congressional races that will determine control of Congress , according to a CNBC analysis of AdImpact data. That includes at least $220 million in spending from Trump-linked groups. Elon Musk has separately given another $276 million to Republican groups since July and helped boost the GOP's Senate Leadership Fund super PAC to a record quarter . Yet with less than three weeks until the Nov.

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