Record cost of U.S. midterms The cost of the U.S. midterm elections will exceed $16.7 billion, surpassing the previous record of $14.1 billion set in 2018, according to an analysis by OpenSecrets Data reported to Federal Election Commission to November 1, 2022 ($ billions, adjusted for inflation) State fundraising Federal spending $10.25bn 6.10 4.14 2006 $10.21bn 5.28 4.93 2010 $9.42bn 4.63 4.79 2014 $14.10bn 7.04 7.06 2018 $16.72bn 7.83 8.89 2022 Sources: OpenSecrets, New York Times Picture: Getty Images © GRAPHIC NEWS