Elon Musk has been the largest individual donor during the race, dishing out over $445 million to the Republicans
The US midterm elections are on track to becoming the most costly in history, with campaign spending expected to reach almost $12 billion.
The figure should surpass the previous record of $8.9 billion, set during the midterms in 2022, by at least by $2 billion, the OpenSecrets monitoring group said after analyzing the Federal Election Commission’s disclosure data.
Democratic candidates have outspent their Republican rivals by $5.5 billion to $5.1 billion. Third party candidates have spent another $1.3 billion, it said.
Most of the spending came from outside political groups, dubbed Super Political Action Committees (Super PACS), backing the two parties, according to the monitor.
The law allows Super PACS to accept unlimited contributions from individuals, corporations, and other political committees. They’re banned from giving this money to candidates, but are free to use it to support them indirectly.
Disclaimer : This story is auto aggregated by a computer programme and has not been created or edited by DOWNTHENEWS. Publisher: rt.com
