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October 23, 2014 7:21 am

Report: Midterm Elections Will Cost $4 Billion, Most Expensive Ever

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New York Times – The 2014 congressional contests are on track to be the most expensive midterm elections in history, according to a new report from the Center for Responsive Politics, which projects that nearly $4 billion will be spent by candidates, parties and outside groups by Election Day.

Candidates and parties are projected to spend about $2.7 billion, while outside spenders — chiefly “super PACs” and political nonprofit organizations — will spend about $900 million. In 2012, in the midst of President Obama’s re-election campaign, total outside spending reached $1.3 billion.

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