Political spending in presidential and congressional races projected to hit nearly $11 billion, shattering records

CNN | Oct 1, 2020 at 8:00 PM
  • His year’s political spending to elect a president and Congress is on pace to hit nearly $11 billion, smashing all previous records.
  • Even when spending from Steyer and Bloomberg were removed from the picture, Democrats accounted for 54% of total spending to Republicans’ 39%, the researchers found.
  • The group expects spending in the presidential race alone to near $5.2 billion — easily topping the previous record of $2.8 billion in 2008, when adjusted for inflation.