2024 presidential election projected to cost nearly $16 billion as outside funding rises

npr.org — November 5, 2024, 09:01 PM UTC

The 2024 presidential election is projected to cost nearly $16 billion, up from around $15 billion in 2020. This increase highlights the growing financial demands of campaign activities, including rallies and advertisements.

Vice President Kamala Harris' campaign has set a record by raising $1 billion in just three months. Additionally, tech billionaire Elon Musk has contributed over $118 million to his America PAC, supporting former President Donald Trump.

Outside funding is playing a larger role in this election cycle than in previous years, reflecting a trend of increasing financial influence in presidential campaigns.

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Timeline:

[4.6]
US election campaign spending hits record $15.9 billion in 2024 (inquirer.net)
24h
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[4.4]
US election campaign spending reaches record $15.9 billion for 2024 race (geo.tv)
1d 1h
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[5.0]
US election spending reaches record $15.9 billion ahead of 2024 vote (hindustantimes.com)
1d 2h
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[4.6]
Trump and Harris spend $3.5 billion in record-breaking presidential election race (ft.com)
1d 5h
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[3.7]
Harris leads Trump in fundraising ahead of key battlegrounds in US election (zeenews.india.com)
1d 22h
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[4.4]
Harris raises $1 billion in campaign funds, outpacing Trump by nearly 5-to-1 (forbes.com)
2d 6h
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