Bloomberg Government: Record $13 Billion Raised for 2020 Elections Spurs Ad Avalanche

Fred Wertheimer, president of the nonprofit Democracy 21 who’s tracked campaign fundraising since the Watergate era, said in a phone interview the fundraising this year is more than “anything we’ve seen in our lifetimes.”

Outside groups can focus money on the most competitive races, and the result, he said, “is a campaign finance system dominated by influence-seeking billionaires and millionaires” who fund super PACs aligned with the leaders of both parties.

– Bloomberg Government, “Record $13 Billion Raised for 2020 Elections Spurs Ad Avalanche,” published on 9/29/20