FEC: 2012 Campaign Cost $7 Billion

Photograph by Scott Eisen/Bloomberg

Students celebrate after U.S. President Barack Obama was projected the winner of the presidential election inside the Kennedy Forum at the Harvard University John F. Kennedy School of Government in Cambridge, Massachusetts, on Nov. 6, 2012.

Candidates, parties, political action committees and other outside groups spent more than $7 billion on the 2012 election, according to a final tally by the Federal Election Commission.  That’s the most ever spent on U.S. elections, and surpasses the $5.3 billion spent in 2008.

The presidential candidates spent $1.4 billion while congressional candidates spent $1.8 billion. Political action committees, fueled by the rise of super-PACs that could take in unlimited donations, spent another $2.2 billion.

President Barack Obama and his allies and Republican nominee Mitt Romney and his allies each spent more than $1 billion on the race.

 

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