WYMT | Eastern KY | News, Weather, Sports

Presidential election to pass $2B fundraising mark

WASHINGTON (AP) -- The 2012 presidential contest is expected to cross the $2 billion fundraising mark Thursday.
Donations supporting the candidacies of President Barack Obama and Republican challenger Mitt Romney have so far exceeded $1.5 billion through September. That figure doesn't count more than $230 million flowing to independent "super" political committees working to get them elected.
Updated financial reports showing fundraising tallies are due to be filed by the end of the day. They're likely to show how ordinary citizens and billionaires alike are fueling what's expected to be the costliest campaign in history.
Wealthy Americans have contributed generously this election to super PACs. Those groups can raise unlimited sums of cash and have spent hundreds of millions of dollars on TV ads.
© 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.


WYMT CONTACT INFO 199 Black Gold Blvd. Hazard, KY 41701 606-436-5757 - switchboard 606-439-9968 - newsroom
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 175867851 - wkyt.com/a?a=175867851
Gray Television, Inc.