Spending in this year’s US midterm election will “obliterate” prior records, approaching $4 billion, according to a new analysis by the nonpartisan Center for Responsive Politics.
The group, which has tracked money and politics at the federal level for 27 years, said Wednesday that total spending — by parties, candidates and independent groups — will be about $1 billion more than the previous record, which was set during the 2006 midterm. The 2008 presidential election, which cost $5.3 billion, likely will remain the most expensive in history. But Sheila Krumholz, who heads the center, said the estimated cost of this year’s election was “astounding,” given that presidential campaigns add considerably to spending totals.
By Wednesday, House and Senate candidates had raised a combined $1.7 billion — and spent $1.4 billion — while fundraising by parties and spending by outside groups brought the total amount raised to $3.2 billion.
For more: Study: Campaign spending for midterm election may reach $4 billion » National News » The Joplin Globe, Joplin, MO
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