Record 2026 Campaign Spending: Billionaires, crypto fuel $11.9bn US midterms; TV ads dominate

Times of India - Nov 3, 2026

The 2026 midterm elections in the U.S. are on track to raise a staggering $12 billion, marking the most expensive campaign in history. Wealthy individuals and corporations wield increasing influence over financing, with billionaire Elon Musk standing out as the top donor, having contributed nearly $500 million to Republican candidates.

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