Democrats sweep Congress as billionaires' record spending fails to stop them

Billionaires and tech executives spent more than $600 million backing Republican candidates in the 2026 midterms, yet Democrats won control of both chambers of Congress.

• Democrats seized control of both the Senate and House of Representatives in the midterm elections.
• Elon Musk spent nearly half a billion dollars backing Republican candidates, the largest individual political contribution in a cycle since 2010, per Open Secrets.
• In Texas, Democrat James Talarico defeated Republican Ken Paxton despite over $200 million in Musk-backed support.
• "This may be the largest defeat of political money in U.S. history," Logan Phillips wrote on X.