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Karl Rove, former Deputy Chief of Staff and Senior Policy Advisor to U.S. President George W. Bush, serves as an adviser for the Republican-affiliated Super PAC American Crossroads.

Republican-affiliated super PACs and other fundraising groups plan to spend roughly $1 billion on November's elections for the White House and Congress, according to officials familiar with the group's internal operations. That's in addition to the roughly $800 million that Mitt Romney and the Republican National Committee are already planning to raise for the November elections.

In 2008, Republican candidate John McCain raised $370 million and President Obama raised $750 million. Now, only four years later, fundraising for one party could eclipse their combined fundraising during the last presidential election.

Guest:

Craig Gordon, Politico's Chief Deputy Managing Editor.