US midterms campaign 'shattering' spending records to be most expensive ever
What happened
The 2026 US midterm campaign is on track to cost nearly $12bn, the most expensive on record, according to the campaign finance tracker Open Secrets.
Most of the money comes from outside groups known as Super Pacs, which can take unlimited contributions and spend them to back candidates indirectly.
Filings with the Federal Election Commission running to mid-October show more than $9.5bn spent so far, about $5.5bn of it by Pacs and Super Pacs.
The top individual donor is billionaire Elon Musk, who has put almost half a billion dollars behind Republican candidates, especially in Texas, the BBC reported.
Michael Billionaire George Soros's groups have given a combined $102m to liberal causes, while Michael Bloomberg is the biggest Democratic donor at more than $60m.
Full spending totals will not be available until after the election on 3 November.
“Spending in the 2026 midterms is shattering records, with more of the money coming from the wealthiest donors and groups this election”
BBC
Summary written by AI from 3 independent sources (BBC, FBC News, DW) and checked automatically against them for copied text and numbers that are not in the sources. How we work
Open on the live globe →Who reported it
- 2026-11-02 17:07 UTCAl Jazeera · aljazeera.com ↗
- 2026-11-02 19:49 UTCArab News · arabnews.com ↗
- 2026-11-02 20:54 UTCBBC · bbc.co.uk ↗
- 2026-11-02 21:28 UTCFBC News · fbcnews.com.fj ↗
- 2026-11-02 21:29 UTCSCMP · scmp.com ↗
- 2026-11-02 23:37 UTCDW · dw.com ↗
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