McCormick race cost $500M
McCormick's Senate race cost a total of $500 million — $200 million on his side, $300 million on the opposition's — setting a record.
Snapshot · All-In with Chamath, Jason, Sacks & Friedberg
Senators John Fetterman and Dave McCormick: Bipartisanship, Money in DC, Datacenters, Graham Platner
Explore episode
Jun 10, 2026
Where this was said
Insane level of money in politics, fixing the broken system
At 41:36 · chapter starts 41:05
Both senators reflect on the obscene cost of modern Senate races — $500M for McCormick, $330M for Fetterman — and argue the primary system produces extremists. Fetterman calls for open primaries as well as campaign finance reform.
The Broken Primary System Is Producing Extremists
Primaries don't select the best candidates — they select the most extreme. Fetterman says opening primaries would be as important as getting money out of politics. Meanwhile, McCormick's Senate race alone cost $500 million, and Fetterman's cost $330 million — all of it largely spent destroying reputations rather than building policy.
Fetterman race cost $330M
Senator Fetterman's Senate race cost approximately $330 million, which he described as already looking 'quaint' compared to what 2026 and 2028 will bring.
$300M spent on reputation destruction
Fetterman noted that collectively $300 million was spent just to destroy the reputations of the two Pennsylvania senators through negative ads.
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