Senate Republican Super-PAC Gets $10 Million Boost From Schwarzman
- Super-PAC raises $27 million to help GOP hold Senate majority
- Democratic counterpart SMP raised $18.4 million in July
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Blackstone Group Inc. co-founder Stephen Schwarzman gave $10 million to the Senate Leadership Fund, a super-PAC tied to Majority Leader Mitch McConnell, part of a $27 million haul it raised in July according to its latest filing with the Federal Election Commission.
The super-PAC ended July with $117.5 million cash on hand, money that will be used to try to defend the Republican hold on the Senate. It outraised its Democratic counterpart, the Senate Majority PAC, or SMP, which took in $18.4 million and had $88.3 million in the bank.