National: 2012 US campaigns have cost more than $4bn, election commission says | guardian.co.uk
More than $4bn was spent on the presidential and congressional candidates and campaigns in the first 18 months of the election cycle, according to the Federal Election Commission. Presidential candidates have received $601.9m of that money, the data released on Wednesday, shows, while $1.21bn has been donated to congressional candidates donated to presidential candidates personally. The Federal Election Commission compiled campaign finance reports filed between 1 January 2011 and 30 June 2012 to produce the report. The time period covers the Republican primaries and the buildup to the presidential race. In total $4.06bn was received by presidential candidates, congressional candidates, party committees and PACs over the 18-month-period. There are no direct figures directly comparing the same period available from 2008 or earlier, but Bill Allison, from the non-profit Sunlight Foundation, said ultimately more money will be spent on the 2012 campaign. “This is 18 months and we’re at $4bn, 2008 the entire election cycle ended up being at $5.2bn, so there’s still a quarter of the money to go,” Allison said. “We’ll definitely top that number. The current projection is about $5.8bn that we’ll see for 2012.”