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Pennsylvania Sen. Bob Casey, a stalwart moderate who rose to power on the heels of his late father’s political legacy, seems likely to lose his reelection bid. Shortly after Election Day, the Associated Press called the race for his opponent, former hedge fund executive Dave McCormick, who had a narrow lead in returns. Even though McCormick has declared victory and was invited by Senate Majority Leader Chuck Schumer to the US Senate orientation, Casey has not conceded, citing thousands of uncounted ballots.
The two candidates are engaged in ongoing legal battles over how counties are handling certain ballots, with the Pennsylvania Supreme Court recently ruling that undated or misdated mail-in ballots are not valid. There are still thousands of provisional ballots pending, some of which are subject to legal challenges, but it seems unlikely that enough will break for Casey. A recount is currently underway and should be completed by November 26—though this too is unlikely to significantly alter vote counts. On Thursday morning, McCormick was leading by just over 16,000 votes.
After unsuccessful efforts by hardline MAGA Republicans like Dr. Mehmet Oz in the 2022 election, McCormick was a return to a more traditional Republican candidate. But he still managed to win over GOP voters and ride President-elect Donald Trump’s coattails. Casey’s campaign emphasized his moderate sensibilities and long-standing ties to the state—his father, Bob Casey Sr., was a popular two-term governor—but he ultimately underperformed Vice President Kamala Harris in crucial Democratic strongholds.
In a cycle where Democrats lost up and down the ballot in Pennsylvania, 2024 was “like no race Casey had run before,” said Berwood Yost, a political science professor at Franklin & Marshall College. Casey was last up for reelection during a presidential cycle in 2012, when Barack Obama won Pennsylvania by five points.
“He needed Democrats to turn out to vote for him, and clearly, some people who voted for the top of the ticket abandoned him.”
“Casey had a difficult needle to thread because he had to distance himself from the policies of an unpopular president to be viable,” Yost said. “But at the same time, he needed Democrats to turn out to vote for him, and clearly, some people who voted for the top of the ticket abandoned him.”
On the day before Election Day, I watched Casey make his final appeal to voters in Bucks County, one of the closely watched suburban “collar counties” surrounding Philadelphia. Around 60 supporters—mostly white and almost all of them appearing to be of retirement age—gathered in the small town of Warrington. The mood was cautiously optimistic, despite polls showing a virtual tie. It seemed difficult to imagine that Casey, who had become an institution in Pennsylvania, was subject to the same shifting political waters that would decide the presidency for Trump.
In the summer, polls showed Casey with around a five-point lead over McCormick, but that gap narrowed as Election Day approached. When I asked rallygoers why it was so close, one man rubbed his fingers together—money. Around $283 million was spent on the race in total, according to a PennLive analysis, making the matchup among the most expensive Senate contests—likely second only to Ohio Sen. Sherrod Brown’s unsuccessful reelection bid. McCormick lagged behind Casey in fundraising and sunk at least $4 million of his own wealth into the race. But spending in support of McCormick mostly came from super-PACs and far outpaced Casey: The Senate Leadership Fund and Keystone Renewal PAC, whose largest donor is the CEO of the hedge fund Citadel, each spent about $50 million on McCormick’s behalf. WinSenate, a Democratic-aligned PAC, spent about $54 million on Casey’s behalf.
Casey first was elected to the US Senate in 2006, winning by 15 points and ousting tea party star Rick Santorum. Since then, Casey has enjoyed comfortable reelection margins, winning by 9 points in 2012 and 13 points in 2018. The senator grew up in an Irish Catholic family in Scranton and has an enduring homegrown appeal. At the Warrington rally, voters repeatedly told me that Casey was a “good man” and described him as a familiar presence—though they were vague on the particulars of his congressional accomplishments.
Casey has a reputation for being understated—Pennsylvania’s junior senator, John Fetterman, calls Casey “Mild Thing”—which often has been considered an asset. He is seen as principled and dependable. But Casey has shown that he can move on issues when the political moment arises. He shifted his position on gun control after the 2012 Sandy Hook shooting and became an outspoken critic of the Trump administration’s family separation policies in 2017.
But the most notable change came regarding abortion. Casey has described himself as a “pro-life Democrat,” and his father was, at one time, a national face of the anti-abortion movement. As governor, Casey Sr. signed laws requiring a 24-hour waiting period for abortion and parental consent for minors. The legislation led to the 1992 Supreme Court case Planned Parenthood v. Casey. But in the wake of the overturning of Roe v. Wade, Casey Jr. voted for the Women’s Health Protection Act and has attacked Republicans for their extreme restrictions on abortion care.
Republicans used this evolution to create the narrative that Casey had become dangerously progressive. Even though his moderate image had won him crossover support in previous elections, he struggled this year with an association with the Biden administration—particularly on inflation and border security. He made fentanyl smuggling across the southern border a key issue and ran an ad claiming he had sided with Trump on fracking and trade. But as a longtime friend of President Joe Biden, a fellow Catholic, and a Scranton native, it was difficult to create any credible distance from his administration.
McCormick was Casey’s strongest political challenger. A West Point graduate and Gulf War veteran, McCormick earned a PhD in international relations at Princeton. After a stint in George W. Bush’s administration, McCormick rose in the ranks at Bridgewater Associates, a Connecticut-based hedge fund giant, to become CEO. In 2022, he left Bridgewater to compete in the Republican primary to represent Pennsylvania in the US Senate. He was ultimately no match for Oz, the controversial physician and television personality, whose Pennsylvania residency was widely questioned (and whom President-elect Trump has recently named the head of the Centers for Medicare and Medicaid Services). After McCormick refused to say that the 2020 election was stolen, Trump all but sank his candidacy by endorsing Oz and dubbing McCormick “not MAGA.” Oz won the nomination by fewer than 1,000 votes, then lost to Fetterman by almost five points.
During the 2024 campaign, McCormick leaned heavily into the more ruggedly patriotic aspects of his biography. His website is peppered with photos of him in military uniform, and the campaign’s most frequently used headshot features McCormick standing in front of a pastoral barn backdrop wearing a chore coat and a denim button-up. But Bridgewater is also presented as a point of pride, with his website describing it as “one of the largest, most successful investment firms in the world” that manages the pensions of “teachers, firefighters and law enforcement.”
McCormick had the difficult task of triangulating within today’s Republican Party, where Trump remains the gravitational center of power. Though Trump acolytes have previously succeeded in Republican primaries in Pennsylvania’s statewide races, like Oz, they tended to fail in the general election. In the 2022 gubernatorial race, Trump loyalist and election denier Doug Mastriano also lost badly. McCormick distanced himself from the party on some issues: He is against a national abortion ban, for instance, and in favor of exceptions in the cases of rape, incest, and the life of the mother.
But there was no path to victory without Trump, and, this time around, McCormick did his best to remain in the former president’s good graces. He spoke at Trump’s rally in Butler shortly before the attempted assassination, and he has amplified some of Trump’s favorite culture-war talking points. In early November, McCormick told a group of veterans that the country needs “a military that’s not woke and focusing on millions of hours of DEI training.”
“He just doesn’t draw the same type of animosity that more traditional Republicans receive from the populist element within the ranks.”
Christopher Borick, a political science professor at Muhlenberg College, called McCormick the “Goldilocks Republican”—occupying a comfortable middle in the party. “He just doesn’t draw the same type of animosity that more traditional Republicans receive from the populist element within the ranks,” Borick said.
Casey’s campaign strove to paint McCormick as an out-of-touch “Connecticut mega-millionaire.” (McCormick grew up in Pennsylvania. He lived for many years in Connecticut and still has a home there.) Casey also tried to drive a wedge between McCormick and working-class voters by highlighting Bridgewater’s extensive investments in China and the fund’s bets against American-owned steel companies. But McCormick’s high-finance background ultimately didn’t alienate as many voters as Casey might have hoped.
At the rally in Warrington, Casey’s remarks were narrowly focused on what he’s “delivered for the people of this county”: funding for public education and infrastructure. Wearing a navy gingham button-up and blue jeans, he was even-keeled and self-assured. In a political landscape dominated by whoever can shout the loudest, Casey wasn’t a remarkable orator or a natural showman—and he’d never had to be. After all, he was Pennsylvania’s native son.
But that doesn’t seem to have been enough to put him over the top. Casey ended up winning fewer votes than Harris—current vote counts show him with about a 40,000 vote deficit—and the dropoff was particularly notable in traditionally Democratic areas like Philadelphia and its surrounding counties. Yost said that early analysis shows that Casey lagged four and a half points behind Harris in Philadelphia. In such a narrow race, those Harris-only voters could have made the difference not only for the incumbent but also for the balance of the Senate.
It looks as if Casey also lost many of the split-ticket voters who, in 2012, punched their ballots for both him and Republican presidential candidate Mitt Romney. In comparison, Montana Sen. Jon Tester and Ohio Sen. Brown both ran significantly ahead of Harris in states where Trump won by wide margins. (They both lost.) Tester and Brown are Democrats who were elected to the Senate the same year as Casey and similarly leaned on reputations as salt-of-the-earth moderates.
Despite his familiarity with the state, it seems like Casey was unable to break out of the mold of a “generic Democrat,” as Brian Rosenwald, a scholar at the University of Pennsylvania, explained. “If anything, I think it was less about a moderating campaign,” he said, “and more about a lackluster campaign in general.”
It looks as if McCormick, with the help of Trump, had seized onto a more compelling narrative. In October, he went on Fox Business and described his “blessed” ascension from a small-town upbringing to West Point and through the ranks of the world’s largest hedge fund. “I’ve really lived the American dream,” McCormick said, “and I think that dream is slipping away.”
Pennsylvania voters appeared to agree.