Mehmet Oz, the Republican candidate for U.S. Senate in Pennsylvania, loaned his campaign an additional $1 million on Oct. 20, according to a filing with the FEC.
Oz has borrowed his campaign money from his personal fortune throughout his bid — including $7 million in the most recent third quarter — and his latest $1 million loan brings his cycle total to more than $22 million. Earlier this month, his opponent, Democratic Lt. Govt. John Fetterman, stated that none of his moves came from his personal bank account.
Oz has consistently been upstaged by his opponent, and Fetterman is banking on his financial advantage over Oz to pull him through the final weeks of the midterm campaign and secure one of the Democrats’ best chances to flip a Senate seat. Adding to Fetterman’s edge, President Joe Biden and other notable members of the party, including Minnesota Sen. Amy Klobuchar, have been fundraising for the Democratic nominee this week.
In the third quarter, covering July through September, Fetterman raised $22 million, while Oz raised about $8.9 million on top of the $7 million he loaned his campaign.
At the end of the quarter that went into October, Fetterman had a slight cash lead over Oz, about $4.2 million to about $2.5 million. And over the last two and a half weeks of the race, Democrats are set to outspend Republicans by about $25.6 million to $18.7 million on air, according to the latest totals from AdImpact.
Despite the significant fundraising advantage, Fetterman finds himself in a close race with Trump-backed Oz. After some polls found the Democrat with a double-digit lead over the summer, a CNN Poll of Polls average earlier this month showed Fetterman with the support of 50% of likely voters, compared to 45% for Oz.
With nearly two weeks to go before the midterm elections, Fetterman and Oz have focused on undecided female voters in the Philadelphia suburbs, where Biden outspent Trump by nearly 300,000 votes.
The two Senate candidates face each other in their first and only debate on Tuesday.
“I’ve conceded everything to make sure he’s able to participate in this debate. It’s the only one he would agree to. He’s closed captioning — whatever he needs to,” Oz said on Fox on Saturday. “I just want him to show up on Tuesday so we can talk to Pennsylvania about our policies and let them see how extreme his views have been.”