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Most Expensive Election Ever: $5.8 Billion Spent, Says CRP

7:02 AM, Nov 8, 2012   |    comments
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WASHINGTON (WUSA) -- The 2012 election was the priciest ever on record. As a result, we got more of the same balance of power. 

President Obama stays in the White House, Republicans in control of the House and Democrats leading the Senate.

The Center for Responsive Politics says total election spending hit $5.8 billion. That amount of money is greater than the gross domestic product of 40 small countries, including Malawi, Montenegro, Belize and Fiji, according to the International Monetary Fund.

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