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January 18, 2024
Outside spending on 2024 elections tops $318 million
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Super PACs and other outside groups that can raise and spend unlimited sums of money on federal elections have already poured nearly $318 million into spending on presidential and congressional races as of Jan. 14 — more than six times as much as had been spent at this point in 2020.
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Candidates cut back on child care expenses in 2024 election cycle
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As more candidates with young children are successfully running for Congress than ever, the federal government and states across the country are considering changes to help parents pursue their political ambitions.
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Pro-Haley super PAC drops $500,000 to swing independent voters in New Hampshire
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A super PAC aiming to convince independent voters to back former U.N. Ambassador Nikki Haley in the Republican presidential primary has dropped $500,000 on video ads less than a week before New Hampshire’s primary election on Jan. 23.
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Chart of the Week
Dive deeper into the data behind the headlines
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The pro-Haley SFA Fund emerged as the single largest outside spender in recent weeks as it capitalized on the former diplomat’s rising poll numbers. The super PAC — bankrolled by conservative megadonors, including billionaire investor Stanley Druckenmiller and Home Depot co-founder Ken Langone — has spent $68.1 million on the race.
Also backing Haley is Americans for Prosperity Action, a super PAC at the center of a network of conservative donors and activists led by billionaire Charles Koch. AFP Action, which signaled its opposition to Trump in early 2023, endorsed Haley in November. It has spent about $46.8 million on the election.
Make America Great Again Inc., a super PAC aligned with Trump that is commonly known as MAGA Inc., also ranks among the top outside spenders, with $47.9 million spent on the election thus far.
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OpenSecrets in the News
See our media citations from outlets around the nation this week:
Citizens United anniversary marks expensive start to 2024 election (The Hill) [[link removed]] [[link removed]] [[link removed]] [[link removed]] [[link removed]]
Nearly 14 years after a controversial Supreme Court case opened the door to unlimited independent spending in federal elections, the U.S. is on track for another election cycle with record-breaking spending. Citizens United kicked off “a race to the top of the spending charts,” Sarah Bryner, director of research and strategy at the money-in-politics tracking organization OpenSecrets, told The Hill.
Can this ex-congressman show Trump the path to life after indictment?(The Washington Post) [[link removed]]
Though Collins has retained some lowbrow tastes — cheap cigars and Costco wine — he at one point ranked as the fifth-wealthiest member of Congress, with a net worth between $80 million and $228 million, according to government transparency group OpenSecrets.
The Last Man Standing in Crypto (The Wall Street Journal) [[link removed]]
Brian Armstrong has become the new face of crypto after a string of high-profile collapses and government crackdowns. Armstrong’s former rivals—FTX founder Sam Bankman-Fried and Binance founder Changpeng Zhao, who once boasted far greater influence and wealth—are either in jail or facing time behind bars. In 2023, Coinbase spent $2.2 million on lobbying in the U.S. according to OpenSecrets, a nonpartisan group that tracks political contributions.
Forbes [[link removed]]
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Bloomberg [[link removed]'s%20Decided%20to%20Back%20Trump&text=Bruce%20Rastetter%2C%20a%20major%20Iowa,tenure%20in%20the%20White%20House.]
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