How US midterms have cost a record $12bn as cost of living soars

The US midterm elections are on track to be the most expensive for candidates and political donors in history. According to OpenSecrets, a research group that tracks money in US politics, close to a record $12bn has been spent by candidates and outside political groups on campaigning.

The world’s richest man, Elon Musk alone has given $445 million to the Republicans, according to campaign financ...