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$2 Billion Price Tag for Presidential Election

WASHINGTON (AP) — Campaign finance filings with the government now show that the cost of the 2012 U.S. presidential race has surpassed $2 billion, a new record.

The new tallies released 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 fueled 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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  • shawnm

    Waste. They spend more time campaigning than governing. Sad.

  • shawnm

    Yeah I did TWICE vote for Obama.Thats NOT the ISSUE. The ISSUE is BOTH parties spend way too much $ & time on elections. The United Kingdom has a very short election cycle Mr. Rauh not a two year run for a four year office. They are already talking about 2016 & its still 2012!!! Both parties are at FAULT!!!

  • shawnm

    Keith the title & subject matter is THE PRESIDENTIAL ELECTION COST not the debt ceiling. I guess your commenting on the wrong article.Dont stray from topic. I was just making the point of how money & time could be saved in an endless cycle as well as the UK does it. Dont be petty b/c your boy aka Mitt Romney lost.

  • shawnm

    Your comment is NOT on topic. Stay focused on article. You stray too much.

  • shawnm

    Paul, Scott Brown spent 37 million on his campaign. Do you think that is too much? Its on another article.