Article Summary –
Republican David McCormick won Pennsylvania’s U.S. Senate seat, defeating Democratic Sen. Bob Casey by a narrow margin. McCormick, endorsed by Trump, capitalized on voter dissatisfaction with inflation and other issues. Despite Casey not conceding, McCormick’s campaign highlighted his leadership potential.
The Associated Press called the race Thursday, though Casey did not concede. With votes still being counted, McCormick led Casey by about 31,000 votes, or half a percentage point.
HARRISBURG — Republican David McCormick claimed Pennsylvania’s crucial U.S. Senate seat. The former CEO of the largest hedge fund defeated Democratic Sen. Bob Casey, accusing him of backing policies causing inflation and domestic issues.
McCormick’s victory strengthens the Republican majority in the Senate, following a costly race amid the presidential contest won by Donald Trump in the battleground state.
At 59, McCormick recaptured a GOP seat lost in 2022, following party encouragement to run and unified support.
Speaking on Fox News post-victory, Trump-endorsed McCormick said, “People want change,” citing concerns about inflation and crime.
Republican strategists credit McCormick’s win to Trump’s strong Pennsylvania performance, beating Kamala Harris by about 2% amid voter dissatisfaction with Biden.
Casey’s defeat is significant for Pennsylvania Democrats. He is the son of a former governor and the state’s longest-serving Democratic senator.
With votes still pending, McCormick leads by 31,000 votes. Casey’s campaign highlighted 100,000 ballots remain uncounted.
Casey insists on a complete vote count, emphasizing election fairness as essential for Pennsylvania.
McCormick leveraged his extensive network in government and finance for campaign backing, following his tenure at Bridgewater Associates and a role in George W. Bush’s administration.
This was McCormick’s second run, now with Trump’s endorsement, after narrowly losing to Dr. Mehmet Oz in 2022.
Wealthy and well-connected, McCormick was seen as a strong fundraiser and self-funder for the campaign.
McCormick criticized Casey as a career politician linked to Biden, promising leadership and change.
He benefited from substantial campaign funds from hedge fund and securities trading allies.
Running an energetic campaign, McCormick frequently appeared at Trump rallies in Pennsylvania, his most visited state.
McCormick, media-savvy, drew on his experience during the 2008-09 recession and as a Wall Street figure.
His resume includes Army service, a Ph.D. from Princeton, and leadership roles in business and on institutional boards, including Trump’s Defense Advisory Board.
McCormick faced challenges, including accusations of being a Connecticut carpetbagger and controversial investments in Chinese companies.
He stressed Pennsylvania roots, highlighting his upbringing and family ties, despite maintaining a Connecticut residence until recently.
McCormick’s campaign faced attacks over his hedge fund’s investments, accused of profiting at America’s expense.
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