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Political Capital

Posts tagged: 2012 election

House Committee Votes to Eliminate Public Financing for Campaigns

Following the first privately-funded election since Watergate, the House Administration Committee today voted to end public financing for presidential elections and the national political conventions. The committee also voted to end the Election Assistance Commission, which provides aid to states and...

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People gather to watch election coverage in Times Square in New York, on Nov. 6, 2012.

Photograph by Scott Eells/Bloomberg

People gather to watch election coverage in Times Square in New York, on Nov. 6, 2012.

2012 Election Total: $6.3 Billion

The final price tag on the 2012 elections: $6.3 billion. That’s according to the Center for Responsive Politics, which intially pegged the cost at $6 billion. It’s still less than the $7 billion that Federal Election Commission Chairwoman Ellen Weintraub...

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Images of President Barack Obama, left, and Republican Mitt Romney are seen on a monitor while a trader works on the floor of the New York Stock Exchange (NYSE) on Nov. 7, 2012.

Photograph by Peter Foley/Bloomberg

Images of President Barack Obama, left, and Republican Mitt Romney are seen on a monitor while a trader works on the floor of the New York Stock Exchange (NYSE) on Nov. 7, 2012.

Bloomberg by the Numbers: $7 Billion

That’s about how much was spent on the 2012 election, according to an estimate from the Federal Election Commission. Candidates spent about $3.2 billion, compared with $2 billion spent by the political parties and $2.1 billion by outside political committees,...

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