Outside Groups Invest Millions in Key Senate Races

Why it matters locally: While the immediate focus of this national news is on races like New Hampshire's, the broader trend of outside spending in Senate elections is relevant to Florida, which will have a highly contested Senate race in 2024. The outcome of these races can influence federal policies that impact Florida's key industries and overall economy.

WASHINGTON D.C. – Outside political organizations are directing significant financial resources into a select number of Senate elections. These races, including the one in New Hampshire, could influence which party controls the U.S. Senate next year. Financial disclosures indicate that approximately $50 million has been spent in the New Hampshire Senate contest by groups operating independently of candidate campaigns. This spending highlights the focus of these organizations on races with the potential to shift the partisan composition of the Senate.