Sen. Mark Warner Says He “enters critical election year with a record-breaking $13.36 million cash on hand”

See below for a press release from Sen. Mark Warner’s campaign about his “record-breaking $13.36 million cash-on-hand” and $2.9 million raised in 4Q25; also, see below for video of Sen. Warner’s weekly press availability.

Mark Warner enters critical election year with a record-breaking $13.36 million cash-on-hand

Warner raised $2.9 million in the last quarter of 2025 and $19.44 million cycle-to-date

Alexandria, VA — Mark Warner closed out 2025 with $13.36 million in the bank for his Senate reelection campaign, bringing his total raised cycle-to-date to $19.44 million. His cash-on-hand entering this critical election year shatters records in Virginia.

“In Washington, I’m using every tool I can to fight back when President Trump’s actions make Americans less safe, raise costs for Virginians, or threaten our rights and freedoms,” said Warner. “But when it comes down to it, the best way to hold Trump accountable is by winning back control of Congress from a Republican Party eager to do Trump’s bidding. Virginia plays a key role in that fight this year and I am committed to ensuring we have the resources we need to be successful.”

Warner’s momentum comes from an engaged and growing team of 65,000+ donors. Ninety-five percent of all donations made were under $250 and the average online donation last year was just $27.

“Donald Trump’s super PAC is sitting on almost $300 million and Elon Musk has reportedly started backing Republican candidates in the midterms,” said Warner’s Campaign Manager Zack Golden. “Given the importance of this election and the magnitude of resources on the other side, Warner is building a campaign ready to compete in every corner of Virginia and fight back against any Republican-funded super PAC that enters Virginia this year.”

In addition to his campaign’s impressive fundraising haul, Warner raised $1.46 million for the Democratic Party of Virginia, recognizing that control of the House will come down to the outcome of the midterms in the Commonwealth.

BACKGROUND:

Mark Warner enters an election year with more cash-on-hand than any other incumbent Virginia Senate campaign in recent history and has already outraised his 2020 campaign with another 11 months left in the election cycle.

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• Sen. Warner on Trump’s assault against the Federal Reserve: “I think most policymakers on both sides of the aisle and frankly all of the business markets were more than a little bit astonished when President Trump’s retribution attacks against the Federal Reserve turned into potentially a criminal probe against the Fed chair, Jay Powell. Unprecedented, clearly due to undermine the independence of the Fed…the Federal Reserve was set up around 1913 because America had gone through a series of of panics around the financial situation, and the idea of a central bank that could help control interest rates was set up so that we didn’t have these rounds of booms and busts. And generally speaking, the Federal Reserve works very well. It is well respected around the world as it’s the leading central bank around the world. Its job is to try to keep inflation low, but it also try to get to full employment. It’s got what’s called a dual mandate. And the independence of the Fed is critical because politicians of both political parties, presidents, Congresses always want to try to influence the Fed, for example about setting interest rates because you lower interest rates, people can go ahead and uh and then you know borrow easier. It drives the economy a bit, but if that’s done on a political basis, people lose faith in the institutions. And at the end of the day, attacking the Fed’s independence or going after Jay Powell, which even the Republicans have now pushed back on, all of the former Fed chairs under Democrats and Republicans. I believe most every one of the former Treasury secretaries have all this is crazy…this level of uncertainty will drive up interest costs because people will say we can’t count on the American economy to run with any kind of independent backstop. That means it’s going to cost more to borrow money. That’ll mean your mortgage rates will go up. It’ll mean your credit card rates will go up. It’ll mean if you’re trying to buy a car, your car loan will go up. Your student debt will go up. Higher interest rates means higher direct costs to all Americans. And we already know the one thing that Americans care the most about right now and Virginians as well is affordability. They want their government to help lower costs. And what President Trump has done by this, you know, retribution attack against Jay Powell, is going to do the exact opposite. That coming on top of the fact that he the president seems entirely focused on international affairs as opposed to lowering costs, and you’ve got a recipe for disaster.”
• Sen. Warner on Trump’s threats towards Greenland: “There’s going to be a bipartisan group of senators going to Denmark on Friday. Remember, Denmark controls Greenland. that is part of Denmark. The Danish foreign minister is going to try to go to the White House tomorrow. But this again, I think crazy approach that the president has, threatening military force to take over Greenland, and which by the way we already have an existing treaty with Denmark about Greenland that allows us to almost do anything we want, we already have a military base in Greenland. But if the president were to take military action against Denmark, a NATO ally, it would destroy NATO, our strongest longest-term alliance post World War II. This is so concerning that the British government and the German government are now sending troops to Greenland. So, if we were to try to take action, not only would we be potentially attacking Denmark, but we could actually have American troops fighting against British and German troops. You can’t make this up…the president is talking about the fact that, well, he’s concerned that the Russians could get access to some of the rare earth minerals and others in Greenland. If he cares about Russian expansionism, he ought to do more to stand by our ally in Ukraine, who’s candidly fighting NATO’s battle in many ways against the Russians right now, where they’ve Russians have already lost a million soldiers, instead of undermining Ukraine’s ability to fight back at seemingly every turn.”
• Sen. Warner on ICE: “…the administration has tried to increase the ICE budget huge…ICE has a budget that’s bigger than the FBI at this point. It’s almost the size of the French military alone, which is a pretty remarkable fact factoid. So I think if there are ways to limit the increase in spending on ICE, I’m open to that. I’m not open to the point of trying to shut down the government again. I think our region went through the longest government shutdown in American history last fall. I don’t think we we need to repeat that. But…there are reasons to ask questions. Remember, while the individual involved in the Minnesota shooting was a long-term ICE agent, he was also someone who had been, I think, dragged by a car or something at an earlier confrontation earlier last summer. But overall, as we look at this building up of the ICE workforce, you know, they’ve taken their training period from five or six months down to 47 days…[because] Trump is the 47th president…the traditional role of ICE, which was to not go into neighborhoods and randomly round up people and turning them into a you know quasi military force, I’ve got questions about…I’m oldfashioned..I think the tragedy of the shooting, American citizen killed in Minnesota, we ought to have a full investigation, federal and state, ought to be involved and I’m going to reserve judgment till the investigation is finished. But I know this much, you know, ICE appears to have a daily quota of how many people they have to pick up. And here in Virginia, and I believe this is reflects also national numbers, over 75% of the people who’ve been picked up by ICE have no prior criminal record. So, this is far different than what the president talked about that we’re going to get the rapists and murderers who’ve entered our country inappropriately off the streets.  I think we’ve all seen images in Virginia and around the country of masked ICE agents picking up moms as they drop off kids for  school or dads as they’re going to work. And the level of terror…particularly to our immigrant communities, particularly Latino communities in Virginia, is pretty devastating.”
• Sen. Warner on AI: “I’d love to have some major federal legislation [on AI] so there’d be a single law, but if we don’t do that, I think the states need to act. But where I’m particularly focused is on AI job elimination…where I see the potentially in the short term, the biggest challenge is the fact that traditional jobs for kids coming out of college are going to be eliminated. You’re not going to need that young analyst at a firm. We’ve already seen that recent college graduate unemployment’s at about 9%. I think that number over the next three years could go to 25%. Some AI CEOs…said that we could go to 50% of job elimination, but I think 25% over the next couple years could be devastating not only to those young people, but to their parents who’ve probably paid $200,000 in debt to put their kid through college…I think there will be AI jobs created, but this in 3 to 5 years I think could be hugely disruptive and have serious economic consequences… So, this is a huge issue. I think it’ll become a major political issue. There’s not an obvious simple answer. I think it’s going to take a a sophisticated response and I hope it’ll be bipartisan. There’s no Democrat or Republican version of AI. And we’re going to need the AI industry at large to help work with us on this because if they don’t, you’re already seeing a majority of Americans, particularly young Americans, being very very nervous about the AI changes. And well, I think there’ll be AI benefits. We may not get to those if we can’t get through this transition.”