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Archived story · published October 15, 2026. Coverage reflects reporting at the time. See today's brief

Business & Finance · October 15, 2026

Democrat Talarico says he raised record $64 million over summer in Texas Senate race

Part of: Texas Senate: Paxton vs. Talarico →
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Democratic candidate James Talarico announced a record-breaking $64 million fundraising haul for the third quarter of 2026 in his challenge to Republican Ken Paxton for the Texas U.S. Senate seat. This total brings Talarico’s election cycle fundraising to over $134 million, surpassing previous records for a Senate candidate in this period. While Paxton’s direct fundraising trailed at $18 million for the quarter, Republican outside groups have spent over $175 million since September 1 to bolster his campaign. Polling shows a competitive race, with Talarico leading by 3.3 percentage points in a state where Democrats have not won a statewide office in over 30 years.

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  • CNBCMainstream

    Democrat Talarico says he raised record $64 million over summer in Texas Senate race

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Reported by multiple outlets

  • James Talarico raised $64 million in Q3 2026.
  • Talarico has raised over $134 million during the total election cycle.
  • Ken Paxton and his affiliated committees raised $18 million in the third quarter.
  • GOP outside groups have spent over $175 million since September 1.
  • Talarico leads Paxton 48.5% to 45.2% in the FiftyPlusOne polling average.
  • The $64 million figure surpasses Jaime Harrison’s 2020 record of $57 million for a Q3 Senate haul.

Reported by only some outlets

  • 97% of Talarico's contributions were $100 or less.
  • Elon Musk gave $10 million to a pro-Paxton super PAC and his America PAC spent millions attacking Talarico.
  • Overall political advertising in the race has surpassed $500 million.

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