Open Secrets reports that Biden is near to raising $1 Billion in the most expensive election in history.
The 2020 election is more than twice as expensive as the runner up, the 2016 election. In fact, this year’s election will see more spending than the previous two presidential election cycles combined. The massive numbers are headlined by unprecedented spending in the presidential contest, which is expected to see $6.6 billion in total spending alone. That’s up from around $2.4 billion in the 2016 race. Democratic presidential nominee Joe Biden will be the first candidate in history to raise $1 billion from donors. His campaign brought in a record-breaking $938 million through Oct. 14, riding Democrats’ enthusiasm to defeat Trump. President Donald Trump raised $596 million, which would be a strong fundraising effort if not for Biden’s immense haul.