Billionaire Donors Spent Billions as Democrats Took CongressBillionaires Spent Big to Help Republicans—and Still Lost CongressDemocratic Wins Followed a Flood of Billionaire Campaign Spending
Wealthy donors poured billions into federal races during the 2026 midterms, but several heavily backed Republicans lost as Democrats captured both chambers of Congress.Massive political spending by wealthy donors failed to prevent Democratic victories in both chambers, including major defeats for Republican candidates backed by billionaires.Democrats took both chambers after donors poured billions into the midterms, while spending by Republican megadonors failed to carry several high-profile candidates.