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.
Craig Gordon, Politico's Chief Deputy Managing Editor.