Most Expensive Midterm Election Ever

Wall Street Journal: “Nearly $4 billion will have been spent on this year’s midterm election, including $2.7 billion spent by candidates and parties and almost $900 million spent by outside groups… That’s a stunning figure, making this election by far the most expensive midterm in history–outpacing 2010 by almost $400 million and 2006 by nearly $1.2 billion. It would also outrank the amount of money spent on congressional races in 2012, by about $330 million.”

“What’s even more startling is that the $4 billion figure–which also includes $315 million spent on operating costs by PACs–doesn’t include the full picture of outside spending in this year’s races.”