The battle for control of the U.S. Congress has cost over $10 billion

ChainCatcher news, according to Bloomberg, the battle for control of the U.S. Congress has surpassed $10 billion, as the two major parties vie for significant influence over taxes, spending, and the implementation of the next presidential agenda. According to data from OpenSecrets, this astonishing historic figure is eye-catching, exceeding the intense spending of presidential elections.

This massive funding reflects enormous interests. Control of Congress is crucial for economic policy. The 2017 tax law will expire next year, and trillions of dollars in tax provisions will face re-examination. The Senate can block the appointment of key financial industry regulators. Legislative battles over prescription drug prices, cryptocurrency regulation, energy, artificial intelligence, and social media are brewing.