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Midterms Generate Over $3 Billion in Fundraising

Midterms Generate Over $3 Billion in Fundraising

By Adam O'Neal - September 17, 2014

Elections in America are a multi-billion dollar enterprise -- even in non-presidential election years. And it seems PACs are dominating the financial battle to fund the costly contests. 

Congressional candidates, party committees, and PACs raised more than $3 billion in the first 18 months of the current election cycle, according to the Federal Election Commission. The groups have already spent more than $2.5 billion. 

PACs led all the other groups in fundraising, bringing in a total of nearly $1.5 billion dollars between January 2013 and June 2014. They have also spent heavily -- disbursing just under $1.3 billion to sway voters throughout the country. 

About 1,600 House and Senate candidates raised a total of $1.14 billion, down from the $1.21 billion raised over the same period in 2012. Those candidates have spent $776 million and have a total of $569 million cash on hand. 

Republican Party committees -- the RNC, NRSC, and NRCC, along with state and local parties -- raised about $359 million. Their Democratic counterparts outraised them by about $40 million over the same period. 

Adam O'Neal is a political reporter for RealClearPolitics. He can be reached at aoneal@realclearpolitics.com. Follow him on Twitter @RealClearAdam.

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