Wednesday, November 30, 2022
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Election day coverage of the 2022 midterms

The 2024 cycle begins: Trump, others key figures drop hints

Former U.S. President Donald Trump speaks during a rally ahead of the midterm elections, in Miami, Florida, U.S., November 6, 2022. 

Marco Bello | Reuters

The fight for the midterms may still be in full swing, but it’s clear that some key figures are already laying the groundwork for 2024 and beyond.

Former President Donald Trump, who has regularly hinted he may seek the White House again, this weekend dropped some of his strongest suggestions yet.

“I promise you in the very next very, very, very short period of time, you’re going to be so happy, okay,” Trump said Saturday at a rally in Pennsylvania for GOP Senate nominee Dr. Mehmet Oz and gubernatorial hopeful Doug Mastriano. “We’re going to take it back and you’re going to be hearing about it very soon. Very, very, very soon.”

Trump, who never conceded his loss to President Joe Biden in 2020, considered announcing his next presidential bid at that rally, but opted not to distract from the Oz and Mastriano campaigns, a source told NBC News on Sunday.

Trump at that rally also took a shot at Florida Gov. Ron DeSantis, widely seen as having presidential ambitions, calling him “Ron DeSanctimonious.”

Meanwhile, GOP Sen. Tom Cotton of Arkansas has reportedly decided against a run for president in the next cycle. And Biden has privately told allies he is planning to run again, news outlets have reported.

Kevin Breuninger

Use this guide to follow the top Senate races on Election Day

Tuesday’s midterm elections will determine which party takes control of the Senate, seizing the power to steer investigative committees, advance major legislation and potentially approve — or block — President Joe Biden’s judicial nominees.

Candidates in a handful of must-win Senate races appear to be in a dead heat in the polls, and Republicans need to pick up just one seat to gain a majority.

Use CNBC’s guide to the top Senate races to keep track, and learn important facts about each candidate.

Kevin Breuninger

2022 election spending expected to exceed $16.7 billion

A neon voting sign is displayed on a truck during a midterm campaign election stop by Senator Raphael Warnock in Augusta, Georgia, U.S., November 5, 2022. 

Bob Strong | Reuters

The 2022 elections are expected to cost over $16.7 billion, making them the most expensive midterms ever, according to a study by the nonpartisan OpenSecrets.

“No other midterm election has seen as much money at the state and federal levels as the 2022 elections,” said Sheila Krumholz, OpenSecrets’ executive director. “We’re seeing record-breaking totals spent on elections up and down the ballot.” Election Day is Tuesday.

The fight for control of the House and Senate in particular saw massive spending, according to the OpenSecrets data. Republicans hope to win back control of both chambers for the final two years of President Joe Biden’s first term.

Outside groups spent about $1.9 billion to influence federal elections through Oct. 31, blowing past the 2018 midterm outside spending record of $1.6 billion, adjusted for inflation.

Two Republican political action committees have led the way in outside spending for federal races.

The Senate Leadership Fund, a super PAC aligned with Senate Minority Leader Mitch McConnell, R-Ky., has poured over $205 million into the midterms while backing Republicans running for Senate. The Congressional Leadership Fund, a hybrid PAC supported by House GOP leaders, has spent more than $188 million.

Megadonors from both sides of aisle have poured millions of dollars into the 2022 midterms. The top donors this cycle going into Election Day include billionaires George Soros, Richard Uihlein, Ken Griffin and Sam Bankman-Fried.

Brian Schwartz

Dems and GOP send out their heavy hitters in final weekend

It was a busy weekend on the campaign trail as both parties sent out their all-star surrogates in the final days leading up to the Nov. 8 midterm elections.

Former U.S. President Barack Obama campaigns on stage for John Fetterman, Pennsylvania Democratic nominee for the U.S. Senate, as Gisele Fetterman stands nearby, in Pittsburgh, Pennsylvania, U.S., November 5, 2022. 

Quinn Glabicki | Reuters

Republican candidate for Arizona Governor Kari Lake is joined onstage by Steve Bannon, former advisor to U.S. President Donald Trump, during a campaign stop on the Arizona First GOTV Bus Tour in Queen Creek, Arizona, U.S., November 6, 2022. 

Brian Snyder | Reuters

Former U.S. President Bill Clinton joins a rally to support Democratic Senator Catherine Cortez Masto ahead of the election in Las Vegas, Nevada, U.S. November 6, 2022. 

David Swanson | Reuters

Former U.S. President Donald Trump’s longtime associate and political advisor Roger Stone attends a rally ahead of the midterm elections, in Miami, Florida, U.S., November 6, 2022. 

Marco Bello | Reuters

Georgia Senate candidate Herschel Walker speaks at a rally in Hiram, Georgia on November 6th, 2022.

Nathan Posner | Anadolu Agency | Getty Images

U.S. President Joe Biden, former President Barack Obama, Democratic U.S. senatorial candidate John Fetterman and Democratic nominee for Pennsylvania governor Josh Shapiro campaign in Philadelphia, Pennsylvania, U.S. November 5, 2022. 

Kevin Lamarque | Reuters

Former U.S. President Donald Trump looks on as Pennsylvania Republican U.S. Senate candidate Dr. Mehmet Oz speaks at a pre-election rally to support Republican candidates in Latrobe, Pennsylvania, U.S., November 5, 2022.

Mike Segar | Reuters

US President Joe Biden and New York Governor Kathy Hochul wave during a rally for Democratic candidates at Sarah Lawrence College in Bronxville, New York, November 6, 2022.

Saul Loeb | Afp | Getty Images

Rev. Raphael Warnock, Democratic Senator for Georgia is joined by director Spike Lee at a midterm election campaign event in Savannah, Georgia, U.S., November 6, 2022.

Bob Strong | Reuters

— Getty Images | Reuters

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