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How US midterms have cost a record $12bn as cost of living soars

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Cite

Angopa, B. (2026, November 3). How US midterms have cost a record $12bn as cost of living soars. Al Jazeera. https://www.aljazeera.com/news/2026/11/3/how-us-midterms-have-cost-a-record-12bn-as-cost-of-living-soars?traffic_source=rss

Dated from the outlet's own feed. Check the original for its byline.

Al Jazeera · collected 2026-11-03 · by Barbara Angopa

Quick Summary

The US midterm elections have become the most expensive on record, with close to $12 billion in total spending by candidates and political groups. Elon Musk alone has contributed $445 million to Republican campaigns. Critics argue that this high level of campaign spending gives wealthy donors and corporations outsized influence over election outcomes, especially during an election cycle focused on cost-of-living issues. This surge in spending is partly due to changes in US Supreme Court rulings since 2010, which have allowed for increased "outside spending" by independent groups like super PACs without direct coordination with candidates.
Written by AI on 2026-11-03, from this article's own text only (the story summary below draws on all the coverage).

AI analysis

Story summary

The 2026 U.S. midterm election campaign is projected to be the most expensive in history, with total spending reaching nearly $12 billion according to AdImpact and OpenSecrets. Republicans have a significant advantage from outside groups like super PACs, which are pouring large sums into key races ahead of the November 3 election. Billionaire Elon Musk has emerged as the biggest individual donor, contributing nearly half a billion dollars primarily to Republican candidates, particularly in Texas. The surge in spending is driven by new wealthy industries such as AI and cryptocurrency, with companies like Ripple and Coinbase also heavily funding Super PACs promoting their interests.

Written for “US Midterms Shatter Spending Records” on 2026-11-04, grounded in this article and the 5 other(s) covering the same event.

Story

📰 US Midterms Shatter Spending Records
Politics · 6 article(s) covering the same event. Compare every outlet's account →

Compared with similar articles

This article reads leans left and hedges 19% of its claims. Each row says how that neighbour differs.
BBC News
Hedges 5 of 28 claims Outlet record 68/100
Times of India
Hedges 5 of 36 claims Outlet record 59/100
Fox News
⚖️ Leans left Hedges 18 of 96 claims Outlet record 68/100
“While both articles discuss record-breaking spending in the U.S. midterm election cycle, they do not describe the exact same incident or moment. Article A focuses on the overall impact of political advertising and voter frustration, while Article B provides specific details about total spending amounts and key donors.”
Washington Examiner
⚖️ Leans left Hedges 1 of 11 claims Outlet record 69/100
“While both articles discuss spending in the US midterm elections of 2026 and cite similar sources like OpenSecrets, they present different aspects and details about overall election spending vs. party-specific spending trends.”
Al Jazeera
Hedges 1 of 44 claims Outlet record 60/100
“Article A discusses overall spending in US midterm elections, while Article B focuses specifically on the expensive Senate race in Texas.”
Al Jazeera
⚖️ Centre further right than this Hedges 4 of 9 claims Outlet record 60/100
“The articles cover different aspects of the midterm elections: one focuses on campaign spending, while the other reports on the closing of polls.”
Fox News
⚖️ Leans strongly right further right than this Hedges 6 of 36 claims Outlet record 68/100
“While both articles mention Elon Musk's significant donations to Republicans, Article A focuses specifically on Musk's contributions, while Article B discusses the overall financial expenditure of the US midterm elections.”
The Guardian
⚖️ Leans left Hedges 7 of 49 claims Outlet record 66/100
“While both articles discuss high spending during the 2026 US midterms, they focus on different aspects: Article A emphasizes the overall trend of 'dark' money and reshaping of political funding, while Article B provides specific figures and mentions a particular donor's contribution.”
Zeteo
⚖️ Leans strongly left further left than this Hedges 0 of 5 claims
“While both articles discuss Elon Musk's significant political spending in the midterms, they focus on different aspects and broader contexts.”
TIME
Hedges 13 of 58 claims Outlet record 59/100
“While both articles discuss the costliness of the U.S. midterm election cycle, they do not describe the exact same specific incident or occurrence.”
How this article was measured signals, leaning charts, publisher record, byline, topics and claims

Signals How these are calculated →

Claims extracted
59
sentences that state something as happening or true
Uncertain
19%
11 of 59 hedged ("reportedly", "may", "according to")
Leaning
Leans left
of the writing, not the subject · beta estimate
Publisher signals
60/100
Al Jazeera's corrections and hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
6
Politics
Same framing elsewhere
1
articles that frame the event the way this one does
Analyzed 2026-11-03 · how these are computed

How this is being covered How these are calculated →

Article leaning vs. publisher reliability
Source leaning vs. consistency

Publisher

Al Jazeera · 4846 article(s) · 3 correction(s) detected
Running correction rate · 3 correction(s)

Who wrote this

Barbara Angopa
5 article(s) here · 1 carrying a prediction
🔮 In the lead-up to these midterms, Democratic candidates are expected to have spent more than $2.2bn compared with $1.4bn by Republican candidates, according to OpenSecrets.
🔮 It was the 28th largest margin for Trump among the 50 states, leaving the state as one which could go either way this time, observers say.
🔮 US President Donald Trump told reporters on Tuesday that direct talks between the Russian and Ukrainian presidents would happen “very soon”.
🔮 “The aircraft could no longer be reached by radio to clarify the situation”, prompting warnings to be activated in several European countries, police said.
🔮 The intelligence he provided to the British is thought to have revealed the KGB’s deep concerns that NATO’s 1983 Able Archer exercise might be cover for a real nuclear strike.
Also by Barbara Angopa
Nothing else under this byline is closely related to this article, so these are simply their most recent.

Topics

Democratic OpenSecrets Republican Republicans the US Supreme Court

Subjects

Democratic NORP · 4× Republican NORP · 3× Elon Musk PERSON · 2× OpenSecrets ORG · 2× Federal Election Commission ORG · 1× Republican Party ORG · 1× Republicans NORP · 1× the Senate Leadership Fund ORG · 1× the Supreme Court ORG · 1× the US Supreme Court ORG · 1×

Narrative

Recommended Stories list of 3 items- list 1 of 3Is money ruining US elections? - list 2 of 3Tracking the money: The biggest donors in the 2026 US midterm elections - list 3 of 3Hackers target US campaign finance system days before midterm elections Critics have questioned the huge sums of money being spent to sway voting during an election cycle in which the cost of living and affordability have been the key issues in most campaign agendas.
framing: assertive · carried by 1 article(s) · first seen 2026-11-03
🔮 In the lead-up to these midterms, Democratic candidates are expected to have spent more than $2.2bn compared with $1.4bn by Republican candidates, according to OpenSecrets.
2026-11-03 · Al Jazeera
How US midterms have cost a record $12bn as cost of living soars · assertive framing

Claims (59 extracted, 11 hedged)

According to OpenSecrets, a research group that tracks money in US politics, close to a record $12bn has been spent by candidates and outside political groups on campaigning. uncertain
12bn → accord → campaigning
The world’s richest man, Elon Musk alone has given $445 million to the Republicans, according to campaign finance records. uncertain
man → give → records
Recommended Stories list of 3 items- list 1 of 3Is money ruining US elections? - list 2 of 3Tracking the money: The biggest donors in the 2026 US midterm elections - list 3 of 3Hackers target US campaign finance system days before midterm elections Critics have questioned the huge sums of money being spent to sway voting during an election cycle in which the cost of living and affordability have been the key issues in most campaign agendas. asserted
cost → ruin → agendas
They argue that campaign spending policy gives wealthy donors, corporations and special interest groups outsized influence over candidate and policy selection. asserted
policy → argue → selection
Why has so much been spent on these elections? asserted
much → spend → elections
US elections are funded in two ways. asserted
elections → fund → ways
Firstly, candidates can directly raise money for their campaigns. asserted
candidates → raise → campaigns
In the lead-up to these midterms, Democratic candidates are expected to have spent more than $2.2bn compared with $1.4bn by Republican candidates, according to OpenSecrets. uncertain
candidates → expect → OpenSecrets
Secondly, corporations, unions and other associations can spend money on election campaigns, independently of individual candidates’ campaigns, in a process known as “outside spending”. asserted
corporations → spend → spending
Previously, these organisations were barred from funding adverts close to elections in order to prevent corruption or the appearance of corruption. asserted
organisations → bar → corruption
But in 2010, the US Supreme Court overturned that rule, treating election communications as protected political speech. asserted
Court → overturn → speech
In a related ruling, a lower court struck down limits on the size of contributions these groups could raise, provided they did not coordinate directly with candidates. uncertain
they → strike → candidates
Since then, Federal Election Commission disclosure data shows such spending on elections has increased hugely, nearly tripling in the past decade alone from $4.12bn in 2016 to an estimated $11.9bn for 2026’s midterm elections. asserted
spending → show → elections
This “outside spending” is largely driven by groups called independent expenditure-only political action committees – better known as super PACs – which organise the funding and then spend it on advertising or other initiatives in support of candidates or parties. asserted
which → drive → candidates
How do super PACs operate? asserted
PACs → operate → ?
There are no limits on the amount of money donors can give to outside spending groups such as super PACs. asserted
donors → be → PACs
That has been the case since the Supreme Court ruled that unlimited contributions to groups which do not coordinate directly with candidates are protected under free speech laws. asserted
which → rule → laws
The majority of super PACs are politically aligned and organised in line with either the Democratic or Republican Party. asserted
majority → align → Party
Among the largest super PACs are the Senate Leadership Fund, which has spent $489 million, and MAGA Inc, with $353 million, both for Republican candidates. asserted
which → spend → candidates
The Senate Majority PAC and the House Majority PAC have spent $248 million and $192 million respectively on Democratic candidates. asserted
PAC → spend → candidates
Other super PACs are organised by individuals and special interest groups, such as the Republican-supporting America PAC founded and funded by Elon Musk and the Democracy PAC funded and organised by George Soros which backs Democratic candidates. asserted
which → organise → candidates
Super PACs report on their direct contributors as well as financial activity to the Federal Election Commission (FEC) every month during election years, and every six months during non-election years. asserted
PACs → report → years
But contributors may include organisations whose own funding sources are not publicly disclosed. uncertain
sources → include → organisations
This means that funds can pass through multiple organisations – sometimes through other PACs, known as “shell PACs” – before they are spent on campaign-related activities or advertising, making it difficult to trace contributions back to their original source. asserted
it → mean → source
When an original source of political spending cannot be identified, the funds are commonly described as “dark money”. asserted
funds → identify → money
According to OpenSecrets, “dark money” contributions will surpass a record $1.5bn in these midterm elections. uncertain
contributions → accord → elections
That is up from the previous record of $1.35bn set in 2024 and has prompted concerns about the transparency of funding for political candidates. asserted
That → set → candidates
New York Mayor Zohran Mamdani has accused the nonprofit lobbying group, American Israel Public Affairs Committee (AIPAC), of spending “millions in dark money”, for example, on pro-Israel candidates. asserted
Mamdani → accuse → candidates
Public records reviewed by Al Jazeera found that AIPAC has channelled millions of dollars through shell PACs ahead of the US midterm elections. asserted
AIPAC → review → elections
What do we know about AIPAC? asserted
we → know → AIPAC
AIPAC is one of the best-known super PACs and has attracted criticism in recent years, particularly in light of Israel’s genocidal war on Gaza. asserted
AIPAC → know → Gaza
The lobbying group decided to end endorsements and direct campaign contributions after a challenging year. asserted
group → decide → year
AIPAC was founded as the American Zionist Committee for Public Affairs by American journalist and lawyer Isaiah Kenan in the 1950s. asserted
AIPAC → found → 1950s
It was renamed American Israel Public Affairs Committee in 1959 and has grown to more than 6 million members. asserted
It → rename → members
On its website it says “AIPAC helps pro-Israel candidates no matter their race, religion or background, and opposes anti-Israel candidates no matter their race, religion or background”. asserted
AIPAC → say → race
Much of the money AIPAC spends has been channelled through the United Democracy Project (UDP), another registered super PAC affiliated with it. asserted
AIPAC → spend → it
AIPAC has spent money on both Republican and Democratic campaigns, and has been accused of using money raised by Republican donors to fund adverts for “moderate” Democratic candidates in the hope of unseating or blocking progressive candidates, particularly those with pro-Palestine views. asserted
AIPAC → spend → views
That includes nearly $15 million spent on advertising and campaigning for pro-Israel Democrat George Latimer to stand against progressive Jamaal Bowman in New York’s 16th congressional district Democratic House primary in June 2024. asserted
Latimer → include → June
Latimer ultimately won that vote. asserted
Latimer → win → vote
AIPAC also spent $5.24 million on advertising for Wesley Bell against Cori Bush, who has criticised Israel’s war on Gaza, in the St Louis, Missouri primary which Bush lost. asserted
Bush → spend → which
…and 19 more, not listed.
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