Eyeing a Senate takeover, New York Sen. Chuck Schumer is transferring $1 million on Tuesday to fellow Democrats' campaign arm in a bid to become the majority leader, Politico reports.
Schumer has also given $3.2 million to state parties over the past week, the report said.
Adding to a $2 million transfer from his campaign treasury to the Democratic Senatorial Campaign Committee, Schumer in September has already donated $6.2 million of the $27 million to help Democratic hopefuls.
While Republicans have a 54-46 majority over Democrats, the Dems would need to win at least three of four toss-up seats to give Clinton control of the Senate should she win the White House, The Washington Post reports.
The significant sum transferred by Schumer would be very effective as the party begins making difficult decisions about where to spend and where to cut.
"The Kochs do not have a finite amount of money, they have unlimited money. We have a finite amount of money," Senate Minority Leader Harry Reid said. "We're just trying to allocate our resources so they're meaningful to us and our candidates."
Funds from Schumer encourage Democrats to invest freely in expensive ad buys in Florida and Ohio. The New York senator could be the biggest winner if the Democrats take over Senate as he is likely to take over the job from Reid, who retires after a 12-year stint as party head.
Reid endorsed Schumer for the post instead of his No. 2, Dick Durbin of Illinois.
"I've given him some names," Reid told Politico, referring to who Schumer might pick as his number two. "He's going to have to make that decision himself. We have some people in our caucus he's going to have to get really close with."
Schumer's contribution not only comes as a confidence building measure among party candidates but also gives a reality check for Democrats' upcoming challenges.
He has also raised $2 million directly for candidates' committees, and a joint account that he heads has collected $800,000 combined for the DSCC and individual candidates.
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