National: Total 2012 election spending: $7 billion | Sunlight Foundation
A new estimate from the Federal Election Commission puts total spending for the 2012 election at more than $7 billion — $1 billion more than previously thought. New FEC Chair Ellen Weintraub unveiled the latest estimate of the 2012 campaign’s record-shattering cost at the agency’s first open meeting of 2013, one that saw the departure of Cynthia Bauerly, one of the three Democratic commissioners. Though campaign spending was expected to break records after the Supreme Court’s 2010 Citizens United decision that opened the door for unlimited contributions, the latest FEC estimate exceeds earlier expectations. The FEC processed more than 11 million documents to calculate the spending for the election and the counting isn’t yet complete: New filings covering the final quarter of 2012 are due at midnight.