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US: $ 2 bn price tag for presidential election

First published: December 7, 2012, 7:42 AM IST | Updated: December 7, 2012
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US: $ 2 bn price tag for presidential election
The record-breaking expenditures on media ads were fuelled by eye-popping amounts donated to 'super' political action committees.

Washington: Campaign finance filings with the government now show that the cost of the 2012 US presidential race has surpassed $2 billion, a new record. The new tallies released on Thursday, which include nearly $86 million in fundraising by Republican presidential nominee Mitt Romney in the election's final weeks, boosted the total campaign haul over the $2 billion mark.

The campaign's record-breaking expenditures on media ads were fuelled by eye-popping amounts donated to "super" political action committees, including at least $95 million supporting Romney and other Republicans that came from a billionaire Las Vegas casino magnate.

Casino owner Sheldon Adelson and his wife gave $23 million to a super PAC headed by GOP strategist Karl Rove and $10 million to a pro-Romney political committee in recent weeks.

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