Republicans Spending Over $7M Per Day to Try and Save Ken Paxton in Texas
Summary
A Republican group spent $131 million in 17 days to support Ken Paxton’s Texas Senate campaign, about $7.7 million per day. Paxton is behind Democratic candidate James Talarico in many recent polls as the midterm election approaches on November 3.Key Facts
- A Republican political action committee spent $131 million in 17 days for Ken Paxton’s Senate race in Texas.
- This spending equals roughly $7.7 million per day.
- Ken Paxton is currently trailing James Talarico, the Democratic candidate, in several polls.
- James Talarico is a former teacher and seminarian trying to become the first Democrat in decades to win this Texas Senate seat.
- Texas Senate seats are important because they affect control of the U.S. Senate.
- Outside groups are investing heavily because Paxton is vulnerable and the Senate majority is at stake.
- Market traders give Talarico about a 62-63% chance of winning, while Paxton’s chance is around 38-42%.
- These market odds reflect trader expectations, which can change quickly and aren’t official election forecasts.
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