X

Election 2012's Projected Tab: $5.8B

Record amount expected to be spent on presidential, congressional races
By Evann Gastaldo,  Newser Staff
Posted Aug 2, 2012 10:21 AM CDT

(Newser) – The USA's continuing economic struggles certainly haven't had a negative impact on campaign spending—which could hit nearly $6 billion this year. A non-partisan group estimates that the total spent on presidential and congressional races will hit $5.8 billion, a record number that would top 2008's $5.4 billion by 7%. Of that, the presidential race is expected to cost $2.5 billion, USA Today reports; more than $1 billion has already been spent in that battle.

story continues below

"The real difference this cycle is how great a portion of that money will come from purportedly independent, often secretive groups," says the Center for Responsive Politics' executive director. (Read more campaign finance stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
X