The 2020 Presidential election is turning out to be the most expensive election in history and twice as expensive as the previous presidential election cycles, with the total cost of the election expected to reach an extraordinary USD 14 billion, a research group said.

The Center for Responsive Politics said that an unusual flood of political donations in the last months, driven by a Supreme Court battle and closely watched races for the White House and Senate, pushed total spending in the election crossed the previously estimated 11 billion dollars figure. The Center said that the 2020 election is expected to cost USD 14 billion, breaking spending records.

Democratic presidential nominee Joe Biden will be the first candidate in history to raise USD 1 billion from patrons. His campaign brought in a record-breaking USD 938 million through October 14, riding Democrat’s enthusiasm to defeat Trump. President Donald Trump raised USD 596 million, which would be a strong fundraising effort if not for Biden's immense haul.

Even during a pandemic ridden scenario, everyone is giving more in 2020, from ordinary individuals making small donations to billionaires cutting eight-figure checks to super PACs. Women are smashing donation records, and Americans are increasingly donating to candidates who aren't running for office in their state, it said in a statement.

Donors flooded record amounts of money into the 2018 midterms, and 2020 appears to be a continuation of that trend - but magnified, said Sheila Krumholz, executive director of the Center for Responsive Politics.

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