[[link removed]] October 10, 2024
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Facing scrutiny over global outage, cybersecurity firm CrowdStrike on track for record year of federal lobbying spending
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Crowdstrike, a cybersecurity firm responsible for a widespread outage in July, is on track for a record year of federal lobbying spending.
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Total 2024 election spending projected to exceed previous record
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OpenSecrets predicts that 2024’s federal election cycle is on track to be the costliest ever, with a total cost of at least $15.9 billion in spending.
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OpenSecrets and RepresentUs spotlight record-breaking pace of election spending by big donors
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RepresentUs [[link removed]] , the nation’s largest grassroots anti-corruption group, and OpenSecrets have launched Unpacking Super PACs , a new effort to raise awareness of who is funding the 2024 election.
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National party committees ramp up fundraising and spending as the 2024 election cycle enters home stretch
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Democrats’ national party committee is outraising and also outspending its Republican counterpart.
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Chart of the Week
Dive deeper into the data behind the headlines
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What to Know
OpenSecrets’ projected 2024 total cost of election is over $15.9 billion, surpassing the previous nominal record of $15.1 billion set in 2020.
Outside groups such as super PACs have spent about $2.6 billion on the 2024 federal elections so far, outpacing all previous cycles. If current trends continue, OpenSecrets projects total outside spending will top $5 billion by Election Day.
By the Numbers
While projected to be a nominal record, this figure is not expected to surpass the amount spent in 2020 if adjusted for inflation, largely due to significantly less spending on presidential primaries.
Groups spending the most money are the presidential-candidate-linked super PACs with Make America Great Again Inc. spending over $239 million supporting Trump, while Future Forward has spent over $212 million supporting Democratic presidential candidates.
The top 10 individual donors have contributed $599 million — accounting for about 7% of total federal election fundraising — while small donors giving under $200 collectively account for just 16% of all money raised.
Dig Deeper
With only four weeks until Election Day, billions more are expected to be spent on 2024 elections.
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OpenSecrets in the News
See our media citations from outlets around the nation this week:
[[link removed]] Spending in presidential and congressional races projected to hit nearly $16 billion and smash records, new analysis shows ( CNN ) [[link removed]]
This year’s spending to elect a president and members of Congress will hit at least $15.9 billion – putting 2024 on track to become the nation’s most expensive federal election, according to a new analysis from OpenSecrets, a nonpartisan organization that tracks money in politics.
[[link removed]] This Montana Senate candidate said his opponent ate 'lobbyist steak.' But he lobbied—with steak ( ABC News ) [[link removed]]
Tester ranks number one among U.S. lawmakers in lobbyist contributions, taking in $500,000 this election cycle, according to the nonpartisan group OpenSecrets. The Democrat ranked second when he last sought re-election.
[[link removed]] Elon Musk's PAC offers $47 payouts to refer swing state voters to sign petition ( CNBC ) [[link removed]]
Political finance tracker and nonprofit organization OpenSecrets reports that America PAC has spent more than $77 million so far, with over $41 million supporting Republicans and over $35 million directly opposing Democrats.
2024 election poised to shatter spending records [[link removed]] (The Hill)
Wisconsin Senate Update as Race Shifts to Toss-Up [[link removed]] (Newsweek)
Election Spending to Surpass $15.9 Billion, Driven by Super PACs, OpenSecrets Reports [[link removed]] (NBC)
Dark money: Explaining the issue for Oklahoma voters [[link removed]] (Tulsa World)
Spending in 2024 federal elections to hit record $16 billion, analysis finds [[link removed]] (The Washington Examiner)
Total 2024 election spending projected to exceed previous record [[link removed]] (The Fulcrum)
The money behind the politics: Tracking campaign finance data for Pa. candidates [[link removed]] (NBC10)
OpenSecrets Projects 2024 Election Spending To Exceed Previous Record [[link removed]] (InDepth New Hampshire)
Here Are Trump’s Investment Industry Donors [[link removed]] (Sludge)
Contributions raise concerns over foreign attempts to influence U.S. governments [[link removed]] (Newsday)
Yo-Yo Ma, Jon Bon Jovi to Raise Cash for Harris in Final Stretch [[link removed]] (Bloomberg)
Meet the outside groups bombarding you with ads about Maryland’s Senate race [[link removed]] (Balitmore Banner)
How Amazon’s Money Could Influence the Harris vs. Trump Election [[link removed]] (Yahoo Finance)
Wisconsin Senate Update as Race Shifts to Toss-Up [[link removed]] (Time Magazine)
What Does Turkey Want From Eric Adams? [[link removed]] (New York Focus)
Trump’s courting of big donors poses major corruption dangers, experts warn [[link removed]] (The Guardian)
Tester, Sheehy square off in final Montana U.S. Senate debate [[link removed]] (Daily Montanan)
Oil Moguls Emerge as Key Cash Source for Trump as Race Nears End [[link removed]] (Bloomberg)
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