Please ensure Javascript is enabled for purposes of website accessibility
Trump's Campaign Finances Are Strained as Legal Peril Mounts
gvw_ap_news
By Associated Press
Published 12 months ago on
August 1, 2023

Share

WASHINGTON — Donald Trump’s political operation entered the second half of the year in a strained financial position with its bank account drained by tens of millions of dollars that were directed toward defending the former president from mounting legal challenges as he seeks the White House again.

Trump took in over $53 million since the start of 2023, records show, a period in which his two criminal indictments in Florida and New York were turned into a rallying cry that sent his fundraising soaring. Yet the Republican presidential front-runner burned through at least $42.8 million this year, much of it used to cover costs related to the mounting legal peril faced by Trump, his aides and other allies, leaving him with $31.8 million cash on hand. And that was after receiving a lifeline from a pro-Trump super PAC that agreed to refund millions of dollars in contributions that Trump’s operation had previously donated to it.

New campaign finance disclosures made public ahead of Monday night’s filing deadline showed Trump’s network of political committees spent roughly $25 million on legal fees. But according to a person familiar with the situation who insisted on anonymity to discuss the matter, the number is considerably higher: $40 million this year alone.

Trump’s Campaign Finance Disclosures

An analysis of campaign finance reports shows Trump’s political committees have paid out at least $59.2 million to more than 100 lawyers and law firms since January 2021, when a mob of his supporters stormed the U.S. Capitol and many of his current legal woes began in earnest.

Trump’s campaign cash woes place him in a familiar position, carrying an echo of the 2020 presidential contest when his massive cash advantage over Joe Biden evaporated amid profligate spending by his campaign. Though Trump currently dominates the Republican primary field, a lack of cash could force his campaign to make difficult spending decisions as he braces for the possibility of two additional indictments, which could come as soon as this week in Georgia and Washington and are related to his efforts to overturn the outcome of the 2020 election.

Trump’s Donors Funding Legal Fees

“I’ve never seen anything like it,” said Paul S. Ryan, a longtime campaign finance attorney in Washington, referring to the sum Trump’s operation spent on legal fees this year. “There’s no legal issue. It’s really just a question for his donors: Do they want to be funding lawyers?”

Trump is not alone in his money struggles. His top rival, Florida Gov. Ron DeSantis raised over $20 million after launching his much-hyped candidacy in May. But DeSantis, who trails Trump in a distant second place, hemorrhaged cash in his first six weeks as a candidate, burning through $8 million in a spending spree that included more than 100 paid staffers, a large security detail and luxury travel.

RELATED TOPICS:

DON'T MISS

Crescent View West High Celebrates New Clovis Home

DON'T MISS

Fresno Man Sentenced to 29 Years for Sexually Assaulting Children and Dog

DON'T MISS

Bulldogs’ Two-Position Standout Tommy Hopfe Signs With Rockies

DON'T MISS

Artists, Vendors Plan to Defy City’s ArtHop Crackdown

DON'T MISS

Former Bulldog QB Jake Haener: I Have a ‘Rare Form of Skin Cancer’

DON'T MISS

The Many Names of GOP Vice Presidential Nominee JD Vance

DON'T MISS

‘Fed Up’ Dyer, Councilmembers Unveil Plan to Crack Down on Street Campers

DON'T MISS

House Republicans Slam Trump’s ‘Worst Choice’ for VP Pick JD Vance

DON'T MISS

Companies Cut Prices to Boost Sales, Consumers Respond

DON'T MISS

Stay Cool, Fresno!

UP NEXT

House Republicans Slam Trump’s ‘Worst Choice’ for VP Pick JD Vance

UP NEXT

Will Bonta Election Lawsuit Reverse the Will of Fresno County Voters?

UP NEXT

27 Facts About JD Vance, Trump’s Pick for VP

UP NEXT

Uber, Lyft, DoorDash Workers Remain Contractors Due to California Supreme Court Ruling

UP NEXT

Trump Meets With Netanyahu After Urging Israel to End War in Gaza

UP NEXT

Netanyahu Will Meet Trump at Mar-a-Lago, Mending a Yearslong Rift

UP NEXT

Watch: Breaking Down Netanyahu’s Speech in Congress

UP NEXT

Harris Makes a Pre-Taped Appearance on ‘RuPaul’s Drag Race All Stars’ to Urge Americans to Vote

UP NEXT

Uvalde, Texas, School Officer Pleads Not Guilty to Charges of Failing to Protect Kids During Attack

UP NEXT

Obama Endorses Harris for the Democratic Nomination

Artists, Vendors Plan to Defy City’s ArtHop Crackdown

9 hours ago

Former Bulldog QB Jake Haener: I Have a ‘Rare Form of Skin Cancer’

9 hours ago

The Many Names of GOP Vice Presidential Nominee JD Vance

10 hours ago

‘Fed Up’ Dyer, Councilmembers Unveil Plan to Crack Down on Street Campers

10 hours ago

House Republicans Slam Trump’s ‘Worst Choice’ for VP Pick JD Vance

10 hours ago

Companies Cut Prices to Boost Sales, Consumers Respond

10 hours ago

Stay Cool, Fresno!

11 hours ago

Warner Bros. Discovery Sues NBA for Not Accepting Its Matching Offer

11 hours ago

Tanker Plane Crash Kills Firefighting Pilot in Oregon as Western Wildfires Spread

11 hours ago

Will Bonta Election Lawsuit Reverse the Will of Fresno County Voters?

11 hours ago

Crescent View West High Celebrates New Clovis Home

The arch of colorful balloons over the doorway of a storefront on Shaw Avenue in Clovis was a clue that something exciting was happening on ...

7 hours ago

7 hours ago

Crescent View West High Celebrates New Clovis Home

8 hours ago

Fresno Man Sentenced to 29 Years for Sexually Assaulting Children and Dog

8 hours ago

Bulldogs’ Two-Position Standout Tommy Hopfe Signs With Rockies

9 hours ago

Artists, Vendors Plan to Defy City’s ArtHop Crackdown

9 hours ago

Former Bulldog QB Jake Haener: I Have a ‘Rare Form of Skin Cancer’

10 hours ago

The Many Names of GOP Vice Presidential Nominee JD Vance

10 hours ago

‘Fed Up’ Dyer, Councilmembers Unveil Plan to Crack Down on Street Campers

10 hours ago

House Republicans Slam Trump’s ‘Worst Choice’ for VP Pick JD Vance

MENU

CONNECT WITH US

Search

Send this to a friend