Independent, nonpartisan coverage of super PACs and the money behind American elections: who is raising it, who is spending it, and what it is buying in the 2026 midterms.
Latest analysis
- The Rise of the Pop-Up Super PAC: $637 Million Before Voters Learn Who PaidTwenty-two super PACs formed in the final weeks of the campaign have spent about $637 million, and some won’t name their donors until a month after Election Day. Here’s how it works and who’s behind them.
- The AI Industry’s First Midterm: Who’s Spending, and What They WantAI-linked groups have raised more than $100 million for 2026, split between rival camps that disagree about regulation. Most of their money has gone into safe-seat primaries, with ads that rarely mention AI.
- Save America: The Trump PAC That Pays the LawyersSince 2025, Trump’s leadership PAC has spent $20 million of its $31 million on items its filings describe as legal, and it is nearly out of cash. Here’s how the arrangement works and why watchdogs object.
- Crypto’s $200 Million Bet: Inside the Fairshake Network in 2026The crypto industry’s three-part super PAC network has spent nearly $100 million this cycle, led by a $40 million-plus rematch against Sherrod Brown in Ohio. Its ads rarely mention crypto.
- MAGA Inc.’s October Blitz: $75 Million in Two WeeksTrump’s super PAC spent $75.5 million in the first half of October, most of it routed through two new groups. Here’s where the money went, from the FEC filings.
New to super PACs?
A super PAC is a political committee that can raise and spend unlimited amounts of money to support or oppose candidates, as long as it does not coordinate with them. Super PACs have existed only since 2010, and they are now among the biggest spenders in every federal election.
Read our full explainer: What Is a Super PAC? →
Follow the money
- 2026 Midterm Super PAC Tracker: the major super PACs ranked by cash on hand, from their latest FEC filings.
- Major Super PACs Directory: profiles of 25 of the most consequential super PACs, from both parties and key industries.
- Campaign Finance Glossary: plain-English definitions, from dark money to independent expenditures.