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Friday, 23rd April 2010

U.S. House and Senate Campaigns Raise Nearly $600 Million in 2009

U.S. House and Senate Campaigns Raise Nearly $600 Million in 2009
Source: Federal Election Commission

Congressional campaign receipts totaled $597.5 million from January 1 through December 31, 2009, the first calendar year of the 2009-2010 election cycle. This reflects an increase of almost 18% over 2007 (the first calendar year of the 2007-2008 election cycle), according to reports filed with the Federal Election Commission (FEC).Congressional Democratic, Republican, and other party candidates increased their fundraising totals by raising $321.3 million, $275.9 million, and $384,000, respectively, when compared to the same one-year period in the previous election cycle.

Senate candidates raised $236.3 million in 2009, an increase of 43.7% from 2007.During 2009, Senate candidates reported expenditures of $102.6 million, up from $57.9 million spent during 2007, and ended 2009 with a cash balance of $203.6 million. Six years ago, when the same Senate seats were up for election, candidates raised $166.7 million during the year before the mid-term elections. However, there are two additional open seats this election cycle due to the vacancies created by the Senate resignations of Vice President Joe Biden and Secretary of State Hillary Clinton. In addition, a Senate vacancy occurred in Massachusetts after Senator Edward Kennedy’s death.

Candidates for the U.S. House of Representatives raised $361.2 million in 2009, an increase of over 5% compared to 2007 levels.These campaigns spent $195.9 million, more than 5% over total expenditures in 2007.They entered the election year with cash-on-hand of $326.2 million, up 10% from the $296.6 million reported at the end of 2007.

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