Supporters of Donald Trump reportedly contributed $188 million in 2023 for his potential return to the White Home, however vital authorized bills are draining his funds.
Trump’s marketing campaign and allied political entities retained $65 million for GOP contests, however tremendous PACs spent almost $48 million on his authorized charges in 2023, The Wall Road Journal reported.
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Launched not too long ago by the Federal Election Fee, the newest figures present a clear monetary snapshot of the presidential candidates coming into the 2024 election season, the report learn.
The info reveals substantial spending on promoting, employees salaries and different prices, it added.
With most of Trump’s GOP rivals exiting the race, his marketing campaign and allied tremendous PACs are poised to draw most of those donors. Nevertheless, the extent to which they are going to transition to supporting the previous president stays unsure.
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Information from AP VoteCast reveals that a minimum of 20% of Republican-leaning voters within the New Hampshire major expressed reluctance to again Trump, even when he secured the occasion’s nomination, per The Wall Road Journal.
In distinction, President Joe Biden‘s marketing campaign, together with the Democratic Nationwide Committee, reported ending the yr with $117 million in money reserves.
Biden’s re-election marketing campaign and the DNC collectively generated over $97 million within the final quarter of 2023.
The Republican Nationwide Committee faces constraints in elevating extra funds for Trump till he secures the nomination, a course of that has confronted scrutiny from some occasion insiders as a result of weaker fundraising.
A big tremendous PAC backing former South Carolina Gov. Nikki Haley, named the SFA Fund, amassed $50.2 million within the latter half of the yr. Nevertheless, the fund concluded 2023 with solely $3.5 million in money, as Haley stays the only real GOP contender in opposition to Trump.
Haley’s private marketing campaign committee retained $14.6 million in money by the top of the yr.
As of Dec. 31, Ron DeSantis‘s presidential marketing campaign held $9.7 million within the financial institution, with $9.3 million expended through the quarter.
The marketing campaign acquired $3.4 million in particular person contributions. DeSantis withdrew from the race earlier than the New Hampshire major and endorsed the previous president.
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This content material was partially produced with the assistance of AI instruments and was reviewed and printed by Benzinga editors.
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