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 1 year 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

Herbert’s Interceptions Doom Chargers in Playoff Loss to Texans

DON'T MISS

NE Hires Former Patriots Super Bowl Champ Mike Vrabel as Coach

DON'T MISS

LA Wildfires Death Toll Rises to 16 as Crews Fight Heavy Winds

DON'T MISS

Life of Da Party: Snoop Dogg to Host NFL Honors Awards Show

DON'T MISS

After Remodeling Board Room, Fresno Trustees Streamline Meetings

DON'T MISS

If TikTok Is Banned, Can I Still Use It?

DON'T MISS

Meet Trump’s Economic Whisperers

DON'T MISS

The Biden Presidency: Four Illusions, Four Deceptions

DON'T MISS

Return of 14,000 Acres to Tule River Tribe Aims to Conserve Diverse Habitat

DON'T MISS

Special Counsel Jack Smith Resigns After Submitting Trump Report

UP NEXT

Special Counsel Jack Smith Resigns After Submitting Trump Report

UP NEXT

Biden to Deliver Prime-Time Farewell to Nation on Wednesday From Oval Office

UP NEXT

Can Democrats Be the Party of the Future Again?

UP NEXT

LA Fires Underscore How Much CA Has to Lose if Trump Withholds Disaster Aid

UP NEXT

Fresno City Council President Karbassi: We Need to Focus on the Middle Class

UP NEXT

Venezuelan President Nicolás Maduro Sworn In Despite Credible Evidence of Election Loss

UP NEXT

Trump Can Still Vote After Sentencing, but Can’t Own a Gun and Will Have to Turn Over DNA Sample

UP NEXT

Biden Administration Extends Temporary Status for More Than 200,000 From El Salvador for 18 Months

UP NEXT

Trump and Obama Share Unexpected Moment at Carter Memorial

UP NEXT

Supreme Court Rejects Trump’s Bid to Delay Sentencing in New York Hush Money Case

Life of Da Party: Snoop Dogg to Host NFL Honors Awards Show

3 hours ago

After Remodeling Board Room, Fresno Trustees Streamline Meetings

5 hours ago

If TikTok Is Banned, Can I Still Use It?

6 hours ago

Meet Trump’s Economic Whisperers

6 hours ago

The Biden Presidency: Four Illusions, Four Deceptions

6 hours ago

Return of 14,000 Acres to Tule River Tribe Aims to Conserve Diverse Habitat

8 hours ago

Special Counsel Jack Smith Resigns After Submitting Trump Report

20 hours ago

‘We Stand With You’: Valley Leaders Gather to Address Immigration Raids

20 hours ago

Meta Nixes Diversity and Inclusion Program as It Prepares for Second Trump Administration

1 day ago

Surging Job Market Could Prove Costly for Households, Businesses as Odds of Quick Rate Cuts Fade

1 day ago

Herbert’s Interceptions Doom Chargers in Playoff Loss to Texans

HOUSTON — Justin Herbert had just three interceptions in the regular season. He surpassed that Saturday in just one playoff game. Herbert wa...

2 hours ago

2 hours ago

Herbert’s Interceptions Doom Chargers in Playoff Loss to Texans

Mike Vrabel Hired by Patriots
3 hours ago

NE Hires Former Patriots Super Bowl Champ Mike Vrabel as Coach

Destroyed Homes in Pacific Palisades
3 hours ago

LA Wildfires Death Toll Rises to 16 as Crews Fight Heavy Winds

3 hours ago

Life of Da Party: Snoop Dogg to Host NFL Honors Awards Show

5 hours ago

After Remodeling Board Room, Fresno Trustees Streamline Meetings

6 hours ago

If TikTok Is Banned, Can I Still Use It?

6 hours ago

Meet Trump’s Economic Whisperers

6 hours ago

The Biden Presidency: Four Illusions, Four Deceptions

Help continue the work that gets you the news that matters most.

Search

Send this to a friend