Spending on US Midterm Elections to Exceed $16.7 Billion, Setting New Record
- GOP outspends Democrats in bid to retake control of Congress
- Money raised, spent tops previous record of $13.7 billion
Voters fill out ballots at a polling site in New York.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Total spending on state and federal races during the 2022 midterm election cycle will exceed $16.7 billion, shattering the previous inflation-adjusted $13.7 billion spent four years ago, according to OpenSecrets estimates.
Federal candidates and committees will shell out $8.9 billion as Republicans and Democrats fight over control of the narrowly divided House and Senate.