Rep. Adam Schiff (D-CA) is starting off with strong finances going into the 2024 Senate race where he will compete against fellow Democratic Congress members for the spot currently held by Dianne Feinstein (D-CA).
Schiff's coffers, containing money he did not spend in previous elections, are still full going into the Senate race. They are holding $20.9 million he did not spend on his 2022 reelection. Rep. Katie Porter (D-CA), who is also seeking the Senate seat, ended her 2022 race with $7.4 million to spare, and Rep. Barbara Lee (D-CA) still had $52,000, according to Open Secrets.
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Additionally, Schiff’s campaign reported having $24.7 million on hand at the end of March, giving him a notable financial lead in the Senate primary race. Porter reported having $9.4 millionat the end of March, and Lee reported having $1.2 million. Schiff also raised more money than his rivals in the first three months of the year, raising $6.5 million compared to Porter's $4.6 million and Lee's $1.5 million, according to quarterly reports filed with the FEC.
Schiff announced his candidacy for Senate in January, two weeks after Porter announced she was entering the race. Lee then followed, announcing her candidacy in February.
The Senate seat Schiff, Porter, and Lee are all competing for is currently held by Feinstein, who announced earlier this year that she will not seek another term as senator. Feinstein has served in the Senate for over 30 years, and at 89-years-old, she is the oldest serving member of Congress.
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Earlier this week, Feinstein returned to the Senate following a near-three month absence due to a hospitalization caused by shingles. Feinstein said she is still not fully recovered and will be taking on a “lighter schedule” over the next few weeks.
Feinstein's return to the Senate came amid calls from Democratic lawmakers for her to step down from her position. Reps. Alexandria Ocasio-Cortez (D-NY) and Rashida Tlaib (D-MI) were among those calling for her resignation.