Money spent during American elections at highest levels in history after Citizens United: Spending on American advertising was embarrassing for country

With Romney filing, 2012 election spending tops $2 bn

Republican Mitt Romney raised $85.9 million in the final weeks of the White House race, his campaign said, bringing the total spent on the presidential election to a record $2 billion. “Romney Victory continued its strong fundraising through the final weeks of the campaign,” the finance chairman claimed.