The Rising Costs of the 2024 US Election: A Record-Breaking Cycle
As the 2024 United States presidential election approaches, spending is projected to reach unprecedented heights, with estimates exceeding $15 billion. Outside spending in the campaign has already eclipsed $1 billion, marking a record in political finance. Analysts warn that the relentless influx of money into politics, which has transformed American democracy over the past two decades, poses a significant threat to the electoral process. Despite calls for reform, the specter of big money continues to dominate the election landscape, with candidates across the political spectrum amassing vast sums for their campaigns. A campaign spending watchdog predicts this election cycle will be the most expensive on record, raising concerns about the impact of such financial resources on the integrity of democratic practices.
Bloomberg, Al Jazeera English, The Hill, Pittsburgh Post-Gazette, Cato Institute, GZERO Media, CGTN, Center for Responsive Politics, DW (English), WIFR