Current:Home > MyGov. Glenn Youngkin's PAC raises over $4 million in 48 hours from billionaire donors-InfoLens
Gov. Glenn Youngkin's PAC raises over $4 million in 48 hours from billionaire donors
View Date:2024-12-23 10:40:34
Virginia Gov. Glenn Youngkin raised $4.4 million in the last 48 hours in the final stretch before the state's midterm elections as several billionaires poured money into the race to win a Republican majority in the state Senate and defend the GOP majority in the House of Delegates.
CBS News has exclusively learned that Jeff Yass, the billionaire founder and managing partner of Susquehanna Investment Group, donated $2 million to Spirit of Virginia, Youngkin's PAC.
This is Yass' first donation to the group.
Thomas Peterffy, a GOP megadonor, gave another $1 million to the PAC. This is the third time that Peterffy has contributed to Youngkin's PAC in this cycle, bringing his total up to $3 million.
Petterfy has said he'd like to see Youngkin join the GOP primary as a late entrant in the 2024 presidential race and called him an "ideal candidate for the Republican Party."
Campaign finance records also show that Youngkin donated $500,000 of his own money to the PAC ahead of the midterm elections, according to campaign finance records.
His PAC says it now has $7 million in cash on hand with just about a month until the state-wide midterm elections. All 140 state Senate and House seats are on the ballot on Nov. 7.
Between July 1 and Aug. 31, Republicans raised over $10.4 million while Democrats raked in about $15.8 million, according to the nonpartisan Virginia Public Access Project.
Still, this has been a record fundraising year for the first-term governor and Republicans. In the third quarter, Youngkin raised $7.45 million, which his campaign says is nearly five times more than any previous Virginia governor. Former Governor Terry McAuliffe raised $1.6 million in 2015 during that midterm cycle.
"Gov. Youngkin's now raised $15.5 million since March 1 to support our candidates," Dave Rexrode, Youngkin's PAC chairman, said in a statement to CBS News. "There is too much at stake and with 5 weeks to go we know the progressive liberal left will continue to outraise and outspend us. Gov. Youngkin is all in on making Virginia the best place to live, work, and raise a family."
veryGood! (8)
Related
- Patricia Heaton criticizes media, 'extremists' she says 'fear-mongered' in 2024 election
- Climate scientists say South Asia's heat wave (120F!) is a sign of what's to come
- Biden meets with Israel's Herzog, extends invite to Netanyahu amid tensions
- Gunman in New Zealand kills 2 people ahead of Women's World Cup
- Trading wands for whisks, new Harry Potter cooking show brings mess and magic
- Ukraine is advancing, but people in front-line villages are still just hoping to survive Russia's war
- Democrat Gavin Newsom to face Republican Brian Dahle in California race for governor
- World Food Prize goes to former farmer who answers climate change question: 'So what?'
- Opinion: NFL began season with no Black offensive coordinators, first time since the 1980s
- Why Brian Cox Hasn't Even Watched That Shocking Succession Episode
Ranking
- Blake Shelton Announces New Singing Competition Show After Leaving The Voice
- I Asked ChatGPT to Name the 10 Best Lipsticks, Here’s My Reaction
- Democrat Gavin Newsom to face Republican Brian Dahle in California race for governor
- Why Baghdad will be one of the cities hardest hit by global warming
- ‘I got my life back.’ Veterans with PTSD making progress thanks to service dog program
- China promotes coal in setback for efforts to cut emissions
- Biden's climate agenda is stalled in Congress. In Hawaii, one key part is going ahead
- China promotes coal in setback for efforts to cut emissions
Recommendation
-
Detroit Mayor Mike Duggan says next year will be his last in office; mum on his plans afterward
-
Large swaths of the U.S. set daily temperature records
-
Why Love Is Blind's Paul Says Micah and Irina Do Not Deserve the Level of Criticism Received
-
Why Jennifer Garner and Ben Affleck's Kids Are Not on Social Media
-
2 striking teacher unions in Massachusetts face growing fines for refusing to return to classroom
-
Israeli Prime Minister Benjamin Netanyahu hospitalized for dehydration amid heat wave
-
Shop the 15 Coachella Essentials Chriselle Lim Is Packing for Festival Weekend
-
What are El Niño and La Niña and how do they affect temperatures?