A new report found that more than $8.9 billion is projected to be spent on federal candidates and political committees and $7.8 billion on state-level candidates, committees and ballot measures.
More than $16 billion is projected to be spent in total on the midterm elections, a new report by the nonpartisan OpenSecrets found.
Spending at the federal level has already broken the previous record for a midterm year — $7.1 billion when adjusted for inflation — and state-level spending is on track to surpass the $6.6 billion spent in 2018. “Given the candidates are relying more and more on small donors, who are likely to be more sensitive to inflation pressures than billionaires or millionaires, candidates may see donors backing away as they have to make the choice between paying for gasoline and donating $25 to a candidate,” Bryner said. “Over time, candidates have relied more heavily on small donors. For this cycle, candidates have taken 24% of their money from small donors, up from 18% in 2018.
See: Midterm elections: Republicans’ chances for taking control of Senate rebound to 46%, a level last seen about 8 weeks ago
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
2022 Cadillac Escalade vs 2022 Lincoln Navigator | Car News | Auto123How to choose between the 2022 Cadillac Escalade and 2022 Lincoln Navigator? Auto123 puts two pretty immodest models in competition.
Read more »
Cadillac Escalade 2022 vs Lincoln Navigator 2022 | Actualités automobile | Auto123Comment choisir entre le Cadillac Escalade 2022 et le Lincoln Navigator 2022? Auto123 met en concurrence deux modèles avec zéro pudeur.
Read more »
J&J to buy cardio technology company Abiomed for $16.6BJohnson & Johnson is spending about $16.6 billion to buy cardiovascular technology company Abiomed and build up its medical device division.
Read more »
Credit carnage spurs bargains on bonds tied to $16 trillion pile of U.S. household debt'I don't think there's an appreciation for just how cheap a lot of the bonds are out there,' says John Kerschner, head of U.S. securitized products at Janus...
Read more »
MacKenzie Scott donates $16M to Grand Prairie ISDThis week philanthropist MacKenzie Scott surprised Grand Prairie ISD with a donation of $16 million.
Read more »