New campaign finance reports show that former President Donald Trump’s political operation started this year with about $25 million socked away for his recently launched presidential campaign.
Former President Donald Trump speaks at a campaign event at the South Carolina Statehouse, Saturday, Jan. 28, 2023, in Columbia, S.C. political operation started the year with about $25 million socked away for his recently launched 2024 presidential campaign, a sum that is substantially less than what he had on hand just one year ago, new campaign finance reports show.
Across his political committees, including his main campaign account, Trump raised $9.5 million since launchingaccording to his campaign, a far cry from the gargantuan sums his campaign boasted of raising in a matter of days — or even hours — back when he was still president. "The campaign built out a second-to-none operation both on the national level and in early states since announcing. The President will wage an aggressive and fully-funded campaign to take our country back from Joe Biden and Democrats who seek to destroy our country," Trump spokesperson Steven Cheung said in a statement.
Some campaign finance watchdogs have questioned the legality of that move, arguing that the transfer skirts limits placed on such committees, which were established to raise money for other candidates — not to finance a candidate's own political ambitions. Super PACs can raise unlimited sums but cannot formally coordinate spending with Trump’s campaign.
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