$12 billion battle for US Congress: Musk, Soros and other billionaires pour in cash

The 2026 midterm elections in the U.S. are on track to raise a staggering $12 billion, marking the most expensive campaign in history. Wealthy individuals and corporations wield increasing influence over financing, with billionaire Elon Musk standing out as the top donor, having contributed nearly $500 million to Republican candidates.