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Musk’s $445M fell short

Musk’s $445M fell short

Republican candidates lost key races despite nearly $12 billion in projected spending on the 2026 House and Senate elections, as Democrats and their supporters slightly outspent Republicans and raised more effectively from voters. Elon Musk spent $445 million backing Republicans, including $23.5 million in the Texas Senate race, but Democrat James Talarico defeated Ken Paxton after raising $146.3 million to Paxton’s $22.3 million. None of the 10 highest-raising candidates was a Republican.

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