‘26 Election Outlook in the Wake of Senate Retirements

April 29, 2025

With Senator Dick Durbin’s announced retirement last week, the Democratic Party faces a major generational shift and a fiercely competitive cycle ahead of the 2026 midterm elections.

Why it matters: Durbin, one of several longtime lawmakers announcing plans to retire, said it was time to "pass the torch," reflecting a broader generational transition in Democratic leadership.

Four other senators have also retired so far this year:

Go deeper: Senator Durbin—the Democratic Whip—has been the number two Senate Democrat since 2005 and is the top Democrat on the Judiciary Committee.

These retirements signal a significant transition, particularly within the Democratic Party, as a new generation of lawmakers prepares for the 2026 midterms. Democrats already faced a tough cycle ahead of them, but these retirements are not helping them in their quest to retake the majority, according to Politico.

By the numbers: The six most competitive Senate seats in the 2026 cycle are outlined below. Three of these seats are in states where the senior Democrats listed above are retiring. 

  • Michigan (Open – D): With Senator Gary Peters retiring, this swing state is a toss-up between rising Democrats and GOP veteran Mike Rogers; many contenders on both sides likely will toss their hat in the ring.
  • New Hampshire (Open – D): Jeanne Shaheen’s retirement sets the stage for a crowded field of Democratic and Republican contenders.
  • Minnesota (Open – D): Tina Smith’s departure creates a rare open race in a state with a dynamic political identity and significant suburban swing voters.
  • Georgia (Incumbent – D, Jon Ossoff): Ossoff faces re-election in a purple state where high-profile Republicans may challenge him. Current Governor Brian Kemp would be a frontrunner if he decides to jump into the race.
  • North Carolina (Incumbent – R, Thom Tillis): Internal GOP divisions and rising Democratic interest could make this traditionally red seat more vulnerable than expected.
  • Maine (Incumbent – R, Susan Collins): Collins is running again in a blue-leaning state, and Democrats hope to finally flip the seat after multiple close calls.
The bottom line: Senator Durbin is just one of several veteran members of Congress to step aside for a new generation of leaders. The 2026 midterm cycle has just begun, and we will watch to see if more Senators head for the exits.

Please contact James Montfort (jmontfort@crefc.org) with any questions. 

Contact  

James Montfort
Manager,
Government Relations
202.448.0857
jmontfort@crefc.org
The information provided herein is general in nature and for educational purposes only. CRE Finance Council makes no representations as to the accuracy, completeness, timeliness, validity, usefulness, or suitability of the information provided. The information should not be relied upon or interpreted as legal, financial, tax, accounting, investment, commercial or other advice, and CRE Finance Council disclaims all liability for any such reliance. © 2025 CRE Finance Council. All rights reserved.

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