The 2020 US Presidential election is set to be the most expensive election in history, Center for Responsive Politics said. The Center said that the 2020 election will cost USD 14 billion, shattering spending records. According to the Centre’s report, an ‘extraordinary influx’ of political donations in the final months, driven by a Supreme Court battle and closely watched races for the White House and Senate, pushed total spending in the election past the previously estimated 11 billion dollars figure. This election is also expected to be twice as expensive as the previous presidential election cycle.
The Center for Responsive Politics also said that Democratic presidential nominee Joe Biden will be the first candidate in history to raise USD 1 billion from donors. His campaign brought in a record-breaking USD 938 million through October 14.