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Ossoff, Warnock each rake in over $100 million

Ossoff, Warnock each rake in over $100 million

Democratic Georgia Senate candidates Jon Ossoff and the Rev. Raphael Warnock have broken fundraising records over the last two months, with each of the candidates raising over $100 million in the Senate runoffs that are set to determine which party controls the upper chamber. 

Ossoff has now become the best-funded Senate candidate in U.S. history, raising $106.8 million in two months, according to multiple reports.

Ossoff ended the period between Oct. 15 through Dec. 16 with $17.5 million in the bank after spending $93.5 million.

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Grassroots donors, or those contributing less than $200, gave Ossoff $49.6 million, according to Bloomberg News.

The Democrat is running against Sen. David PerdueDavid PerdueLoeffler meets with McConnell amid speculation of another Senate run Georgia agriculture commissioner launches Senate campaign against Warnock Georgia Republican secretary of state hits Loeffler as 'weak,' 'fake Trumper' MORE (R-Ga.), who raised $68 million during the period.

Warnock, who is challenging Sen. Kelly LoefflerKelly LoefflerLoeffler meets with McConnell amid speculation of another Senate run Herschel Walker skips Georgia's GOP convention Georgia agriculture commissioner launches Senate campaign against Warnock MORE (R-Ga.), raised $103.4 million over the same period, spending $86.1 million. The Georgia reverend’s campaign had $22.8 million in cash as of Thursday. 

“We're humbled by the grassroots support and generosity that continues to power Reverend Warnock’s campaign to represent all Georgians in the U.S. Senate. Millions of people have donated their time, energy and contributions to help us communicate with Georgians all over this state to help deliver Reverend Warnock’s strong, moral leadership and bring change to Washington on January 5th,” Warnock's campaign manager, Jerid Kurtz, said in a statement to The Hill

Loeffler’s campaign reported raising $64 million and ending the period between Oct. 15 through Dec. 16.

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South Carolina's Jaime Harrison (D), who challenged GOP Sen. Lindsey GrahamLindsey Olin GrahamOn The Money: Yellen, Powell brush off inflation fears | Fed keeps rates steady, upgrades growth projections Democrats shift tone on unemployment benefits Bipartisan infrastructure group grows to 20 senators MORE in the state’s 2020 Senate race, set the previous fundraising record for one quarter with $57.9 million raised in the third quarter of this year. 

A slate of outside groups and both parties’ senatorial committees do not have to report their fundraising until after the Jan. 5 runoff, Politico reported. That means voters will cast their ballots before the source of some fundraising becomes public information.  

The January elections will determine if Republicans maintain control of the Senate. If both Democratic candidates win their respective races, Democrats and Republicans will hold 50 seats in the upper chamber, and Vice President-elect Kamala HarrisKamala HarrisIt's past time we elect a Black woman governor Manchin rebuffs progressive push for infrastructure guarantee It's time for domestic workers to have rights MORE will be able to cast tie-breaking votes.

--Updated on Dec. 25 at 7:59 a.m.