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What We Learned in the Latest Campaign Cash Reports

On the left, Representative Alexandria Ocasio-Cortez of New York continues to be one of her party’s strongest fund-raisers, bringing in nearly $1.7 million. On the right, Representative Marjorie Taylor Greene, the freshman congresswoman from Georgia, has continuously stirred controversy and cashed in along the way, raising $1.5 million, roughly the same sum as Representative Jim Jordan of Ohio, one of Mr. Trump’s favorite pugilists on the Hill.

In the political center, two moderate Democrats, Josh Gottheimer of New Jersey and Tom Suozzi of New York, both topped the $1 million threshold.

To keep the Senate next year, Democrats must first defend four incumbents up for re-election in the battleground states of Nevada, New Hampshire, Georgia and Arizona. The good news for the party is that all four incumbents far out-raised their Republican challengers, with Senator Raphael Warnock of Georgia raising the most of anyone in the country, $9.5 million.

The picture is murkier in three Republican-held battlegrounds: North Carolina and Pennsylvania, where the Republican incumbents are retiring, and Wisconsin, where Senator Ron Johnson has not said for certain if he is running again. Democrats face potentially messy primaries in all three races as do Republicans in the two open seats.

But in each of the three states, the top fund-raiser last quarter between the two parties was a Democrat (not including those donating to themselves, like Sands).

In Florida, Representative Val Demings, a Democrat, has emerged as the surprise fund-raising star of the cycle, raising nearly $8.5 million — nearly $2.5 million more than the Republican she is challenging, Senator Marco Rubio. But Ms. Demings is spending extraordinary sums to raise that money — $5.6 million in the last quarter alone, much of it devoted to Facebook ads seeking new online contributors.

What campaigns are spending to raise money — known in the industry as the burn rate — is a key indicator, because it shows how much of what is raised will be available when voters are paying closer attention.

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