Sen. Casey’s third-quarter haul shows him well-positioned for 2024 battle

By: - October 17, 2023 6:00 am

Sen. Bob Casey. (File photo by Jemal Countess/Getty Images for JDRF)

U.S. Sen. Bob Casey’s reelection campaign brought in $3.2 million in the third quarter, a newly released campaign finance filing shows. That’s down from Casey’s personal-best haul of $4 million in the second quarter, but still shows a candidate who is well-positioned for what may prove to be one of the costlier Senate races of the 2024 cycle. 

Casey entered October with $7.4 million cash on hand, a filing with Federal Election Commission shows

GOP challenger David McCormick had a campaign launch party on Sept. 21, but didn’t file with the FEC until after the third-quarter fundraising deadline, so new figures aren’t yet available.

Two months before McCormick made it official, the Americans for Prosperity Action super PAC said  his campaign would “have the backing and enthusiasm of our grassroots who are ready to send him to Washington.” And the political action committee Pennsylvania Rising, which McCormick launched earlier this year, received a $1 million donation in June from billionaire Jeffrey Yass. During his failed bid for the GOP Senate nomination in 2022, McCormick spent $14 million of his own money. 

McCormick has criticized Casey as an ineffective steward for Pennsylvania, and called him a “rubber stamp” for President Joe Biden’s policies. During an interview on Monday, Casey said he had worked with presidents of both parties during his tenure in the Senate and said McCormick had not yet demonstrated he could work with others in Congress on Pennsylvania’s behalf.

“I think the problem for him is that as he continues to genuflect to the far right, he’s supporting policies that make it very difficult to act as an independent senator for our state,” Casey said, adding that during the recent fight over the debt ceiling, McCormick said Republicans in Congress should “hold the line,” and allow a government shutdown. 

“It makes it very difficult, I think, for voters in our state to see how we can have a Republican candidate that’s going to be a moderating voice on those far-right extreme voices,” Casey said. “He seemed to be perfectly happy with the proposals they were making, which are extreme and dangerous for our state.”

Casey made the comments following a hearing on Social Security legislation at a senior center in Phoenixville. He said he was confident that his record in the Senate would hold up to scrutiny.  “I think it’s a record of public service and also a record that clearly says, to the people of our state, ‘we’ve got a lot more work to do.’”

“My opponent spent a good deal of his life, especially the last 15 years or so, on Wall Street making investments for China, and making investments in China,” Casey added, “while I was battling to to hold China accountable, when it manipulates its currency or when it undermines Pennsylvania jobs or our economy.”

While McCormick was CEO of the hedge fund Bridgewater Associates, the firm raised $1.25 billion for an investment fund in China. 

A McCormick campaign spokesperson did not reply to a request for further information on Monday.

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Kim Lyons
Kim Lyons

Kim Lyons is a veteran western Pennsylvania journalist who has covered people and trends in politics and business for local and national publications. Follow her on Threads @social_kimly