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$2 billion price tag for US presidential election

$2 billion price tag for US presidential election
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.
Story First Published: December 07, 2012 07:44 IST

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