US media: The US 2024 election has cost $14.7 billion, which may be the most expensive in history

The news from Mars Finance states that "the American political system runs on money - and a lot of it." According to a Bloomberg report on November 1, 11,000 political groups spent $14.7 billion on activities for the 2024 U.S. elections. The report points out that due to the lack of restrictions on funding for U.S. presidential and congressional elections, as the struggle between the Democratic and Republican parties intensifies, voters are "inundated" with campaign ads, text messages, and mailings. The report states that the $14.7 billion was mainly spent on: extensive television advertising by candidates, parties, and political action committees, frantic fundraising appeals, and a series of door-to-door visits. According to the U.S. advertising tracking company AdImpact, the 2024 U.S. presidential election is expected to be the most expensive in history.