Federal spending on the 2026 midterm elections is projected to reach $11.9 billion, surpassing 2022 midterm spending of $8.9 billion. Outside spending by super PACs and dark money is expected to reach $3.9 billion, an 85% increase from $2 billion in 2022.
Where
Statewide
When
Oct. 30-31, 2026
Sources
Reported by 2 outlets
Taxes and money
The sources don't state an effect on taxes. They do state these figures.
Total projected spending on 2026 midterm elections$11.9 billion12Who pays or receives it: various candidates, super PACs, dark money contributors
Outside spending by super PACs in 2026 midterms$3.9 billion12Who pays or receives it: outside groups
Conservative group outside spending in 2026$2.03 billion12Who pays or receives it: conservative super PACs and groups
Liberal group outside spending in 2026$1.67 billion12Who pays or receives it: liberal super PACs and groups
Senate Leadership Fund spending$489 million12Who pays or receives it: Senate Leadership Fund
MAGA Inc. spending$353 million12Who pays or receives it: MAGA Inc.
MAGA Inc. total raised this cycle$450 million12Who pays or receives it: donors to MAGA Inc.
Senate Majority PAC spending$248 million12Who pays or receives it: Senate Majority PAC
House Majority PAC spending$192 million12Who pays or receives it: House Majority PAC
Lower Costs Now spending since Oct. 1$75 million12Who pays or receives it: Lower Costs Now
Dark money contributions to super PACs in 2026$1.47 billion1Who pays or receives it: dark money contributors
James Talarico fundraising in Texas Senate race$145 million2Who pays or receives it: donors to Talarico campaign
Ken Paxton fundraising in Texas Senate race$22 million2Who pays or receives it: donors to Paxton campaign
Who's involved
OpenSecretsnonpartisan research group analyzing Federal Election Commission disclosure data
Senate Leadership FundRepublican-affiliated super PAC
MAGA Inc.super PAC linked to President Donald Trump
Senate Majority PACDemocratic super PAC linked to Senate Democratic leadership
House Majority PACDemocratic super PAC linked to House Democratic leadership
Lower Costs NowDemocratic super PAC affiliated with Future Forward PAC
James TalaricoDemocratic challenger in Texas Senate race
Ken PaxtonRepublican incumbent in Texas Senate race
The facts
2026 midterm election spending projected to reach $11.9 billion.12Stated by 2 sources
2022 midterm elections cost $8.9 billion, or $10.2 billion adjusted for inflation.12Stated by 2 sources
$11.9 billion exceeds total spent on congressional elections in 2024.12Stated by 2 sources
Outside spending by super PACs expected to reach $3.9 billion, an 85% increase from 2022.12Stated by 2 sources
Dark money contributions to super PACs have reached $1.47 billion in 2026.1
Conservative groups outspend liberal groups $2.03 billion to $1.67 billion in outside spending.12Stated by 2 sources
Democratic congressional candidates projected to outspend Republicans by more than $800 million.2
How they headlined it
The same event, as each outlet put it. Marked words appear in only one outlet's headline.
OpenSecrets predicts record $12 billion in midterm election spending
These outlets were found through Google News headlines. Google decides which outlets appear there, and they lean mostly one way, so this sheet can only be as balanced as the reporting it was built from. Leanings are AllSides Media Bias Ratings.
Glen Maxey, Texas's first openly gay legislator, helped Democrat James Talarico win his 2018 state House race by flagging unregistered voters in Talarico's Williamson County district and sending them prefilled registration forms. Talarico now faces Republican Ken Paxton in a U.S. Senate race on November 3.
Glen Maxey, Texas's first openly gay legislator; helped with Talarico's 2018 campaign; James Talarico, Democratic nominee for U.S. Senate; won 2018 House race with Maxey's help; Ken Paxton, Republican nominee for U.S. Senate and 4 more
Texas Attorney General Ken Paxton held a campaign rally in Fort Worth on Saturday as part of his U.S. Senate race against Democrat James Talarico. Supporters were bused in from rural counties including Wise and Jack counties.
Ken Paxton, Republican attorney general and U.S. Senate nominee; James Talarico, Democratic U.S. Senate candidate; JD Enright, Paxton supporter who paid for bus from Runaway Bay
As Election Day approaches, Texas voters said immigration is a key issue motivating them to vote early. Some expressed concern about deportations under the Trump administration, while others cited concerns about illegal immigration.
The 2026 midterm elections will be held on Tuesday, November 3, with voters casting ballots for all 435 House seats, 35 Senate races, and governor positions in 39 states. CBS News will provide live coverage of results and analysis across multiple platforms beginning after polls close.
CBS News, broadcaster providing election coverage; Tony Dokoupil, anchor; Norah O'Donnell, anchor and 3 more
Texas Secretary of State Robert Howden announced the state has 19 million registered voters, a record number. As of October 23, more than 2.7 million Texans had voted early, with early voting ending October 30.
$$150 million for spending supporting Texas Attorney General Ken Paxton
Robert Howden, Texas Secretary of State; Greg Abbott, Governor, Republican, seeking fourth term; Gina Hinojosa, Democrat, Austin state representative, candidate for governor and 3 more
Texas voters cast a record 7.4 million early ballots in person and by mail for the 2026 midterm elections as of Friday, Oct. 30. This surpasses the 5.5 million early votes in 2022 and 4.9 million in 2018.
Texas Secretary of State's office, reported voting data
Rio Grande Valley voters are reconsidering their political allegiances ahead of the 2026 election, citing economic hardship as their primary concern. Trump won 14 of 18 border counties in 2024, but some voters who supported him then cite tariffs and rising costs as reasons to reconsider.
Jesus Robles, mechanical bull business owner in Rio Grande Valley; Vicente Gonzalez, Democratic U.S. Representative; Henry Cuellar, Democratic U.S. Representative and 5 more
Advertising spending in the Texas U.S. Senate race between Republican Ken Paxton and Democrat James Talarico has exceeded $500 million, making it the second nonpresidential race to reach that threshold. The election is scheduled for November 3, 2026.
$over $500 million for advertising spending and reservations in Texas Senate race
Ken Paxton, Republican U.S. Senate candidate, Texas attorney general since 2015; James Talarico, Democrat U.S. Senate candidate, state legislator since 2019; Elon Musk, Funder of political committees supporting Paxton and 1 more