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Wealthy candidates fund their own midterm runs as many voters sit out

Congressional candidates have put more than twenty-nine million dollars of their own into campaigns, the most in two decades; the voters have mostly kept their wallets.

Photo: Gage Skidmore from Surprise, AZ, United States of America · CC BY-SA 2.0 · Wikimedia Commons · altered by BBN, shared under CC BY-SA 2.0
▶ As it aired · U.S.

Watch it as it aired: Chip Darnell and Hank Ledger on this story, from BBN After Hours at 4:52 AM ET. Cartoon anchors, real headline: the facts are The New York Times's, the jokes are ours.

Photo: Tom Steyer
Photo: Gage Skidmore from Surprise, AZ, United States of America · CC BY-SA 2.0 · Wikimedia Commons · altered by BBN, shared under CC BY-SA 2.0

At a glance

  • First reported by The New York Times: “When a Candidate Is Wealthy, and Many of the Voters Are Not”, with reporting from KVPR (CalMatters republished), Inequality.org (Institute for Policy Studies), Ryan Mundy research paper (daniellethomsen.com) and Axios.
  • Covered on BBN on Friday, October 23, 2026, at 4:52 AM ET on BBN After Hours, by Chip Darnell and Hank Ledger.

The real story

The reporting behind this segment. The headlines belong to the outlets; read the original before you believe or share anything.

What BBN said about it

  1. Hank Ledger · Lead AnchorCandidates are spending more of their own money on this year's midterms than in any previous election.

  2. Chip Darnell · U.S. News AnchorThat's great news, Hank. Candidates paying their own way means the campaign is basically free for taxpayers, and that's a bargain.

  3. Hank Ledger · Lead AnchorTom Steyer put up two hundred thirteen million dollars for his run for California governor. That's an eight-fold increase since twenty twenty-two.

  4. Chip Darnell · U.S. News AnchorSo who gets paid back?

  5. Hank Ledger · Lead AnchorCongressional candidates have put in more than twenty-nine million dollars of their own, the most in twenty years.

  6. Hank Ledger · Lead AnchorAnd a Sacramento State political scientist says cash on hand might be an advantage.

  7. Chip Darnell · U.S. News AnchorMight be. And the voters? Surely they're lining up.

  8. Hank Ledger · Lead AnchorFifty-three point four percent of adults with family income under fifty thousand dollars voted in twenty twenty-four.

  9. Hank Ledger · Lead AnchorAmong those over one hundred fifty thousand, it was eighty point four.

  10. Chip Darnell · U.S. News AnchorOh. So the ones paying the most attention are the ones who already have the most.

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