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Midterm Elections in New Jersey and Nationwide Cost Billions
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In Short: Candidates and political groups are spending hundreds of millions of dollars in the 2026 midterm elections, with major PACs and billionaire tech CEO Elon Musk contributing to the financial battle.
Candidates and political parties are pouring hundreds of millions of dollars into the 2026 midterm elections, with major political action committees (PACs) and billionaire tech CEO Elon Musk contributing to the financial battle for control of Congress.
The total amount of spending in this election cycle is projected to break records, with major PACs and billionaire tech CEO Elon Musk contributing to the financial battle.
The Federal Trade Commission and 22 states filed a lawsuit against Amazon on Monday, alleging that the e-commerce giant secretly inflated prices in its online search advertising auctions, potentially costing customers tens of billions of dollars.
LIV Golf, the breakaway tour that spent billions of dollars luring top players away from the PGA and triggered bitter divisions within the sport, filed for bankruptcy protection on Tuesday.
A slow-moving fiscal catastrophe is unfolding in New Jersey, devastating school districts, strangling municipal budgets, squeezing county governments, and leaving public employees and retirees facing unaffordable health care costs.
The federal government’s One Big Beautiful Bill Act, signed on July 4, 2025, made billions of dollars in cuts to Medicaid, and New Jersey’s public employers and workers are staring down a double-barreled crisis that threatens the solvency of local government itself.
New Jersey’s 2020 legislative change known as Chapter 44 largely insulated school employees from the steepest increases, though it shifted the premium costs to school districts and taxpayers.
The incident highlights the fragility of the aging US air traffic control system, for which Congress has approved billions of dollars in funding.
What this adds
The Federal Trade Commission and 22 states filed a lawsuit against Amazon, alleging that the company inflated prices in its online search advertising auctions, potentially costing customers tens of billions of dollars.
The lawsuit claims that Amazon prioritized ad relevancy over bid price, saving the company over $8 billion from 2021 to 2025.
Congress approved billions of dollars in funding for the aging US air traffic control system, but more funding is needed to complete the project.
What's confirmed
- Candidates and political parties are pouring hundreds of millions of dollars into the 2026 midterm elections, with major political action committees (PACs) and billionaire tech CEO Elon Musk contributing to the financial battle for control of Congress.
- The total amount of spending in this election cycle is projected to break records, with major PACs and billionaire tech CEO Elon Musk contributing to the financial battle.
- The Federal Trade Commission and 22 states filed a lawsuit against Amazon on Monday, alleging that the e-commerce giant secretly inflated prices in its online search advertising auctions, potentially costing customers tens of billions of dollars.
- LIV Golf, the breakaway tour that spent billions of dollars luring top players away from the PGA and triggered bitter divisions within the sport, filed for bankruptcy protection on Tuesday.
- A slow-moving fiscal catastrophe is unfolding in New Jersey, devastating school districts, strangling municipal budgets, squeezing county governments, and leaving public employees and retirees facing unaffordable health care costs.
- The federal government’s One Big Beautiful Bill Act, signed on July 4, 2025, made billions of dollars in cuts to Medicaid, and New Jersey’s public employers and workers are staring down a double-barreled crisis that threatens the solvency of local government itself.
- New Jersey’s 2020 legislative change known as Chapter 44 largely insulated school employees from the steepest increases, though it shifted the premium costs to school districts and taxpayers.
- The incident highlights the fragility of the aging US air traffic control system, for which Congress has approved billions of dollars in funding.
What's still developing
- On Tuesday, voters across the United States will head to the polls to cast a ballot in the 2026 midterm elections.
- "Even accepting the FTC's flawed premise that advertisers do not adjust bids, we estimate they saved over $8 billion from 2021 to 2025 as a result of Amazon prioritizing ad relevancy over selecting ads on bid price alone."
- Mr Duffy said Congress needed to approve another $US17.5 billion to finish the job, saying "this is unacceptable in America".