His joint fundraising committee brought in US$54 million during the first half of this year. Read more at straitstimes.com.
threatening his presidential election bid – with some sources of funding drying up fast.
The Save America political action committee Trump founded disclosed this week that it was down to its last US$4 million by the end of June – loose change in campaign finance terms – after spending more than US$20 million on legal fees. “Which also means they are going to have practically nothing left over for spending on turnout efforts to compete with Democrats in key states.”
Most of the money Trump raises goes directly to his presidential campaign, with just 10 per cent going to Save America, which has been covering legal expenses for almost any figure in Trump’s orbit ensnared in the investigations. He is in court on Thursday for a preliminary hearing over his alleged election interference and is expected to soon be charged by state prosecutors over similar allegations in a separate case focused on the southern state of Georgia.Trump launched Save America after losing the 2020 election to Joe Biden, raising US$250 million in two months from supporters asked to contribute to an “election defense fund” to contest the outcome.
“In short, President Trump and his campaign ripped off supporters by raising more than US$250 million by claiming they wanted to fight fraud they knew did not exist and to challenge an election they knew he lost,” the committee wrote.
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