WASHINGTONĀ ā Donald TrumpāsĀ legendary ability to raise massive sums of political cash may be on a collision course with a new and unpleasant reality.
Campaign finance reports released this week flashed bright warning lights, showing two key committees in his political operation raised an anemic $13.8 million in January while collectively spending more than they took in. A major driver of those costs was millions of dollars in legal fees from TrumpāsĀ myriad of court cases.
The latest numbers offer only a partial snapshot of the Trump operationās finances because other branches wonāt have to disclose their numbers until April. But Trumpās diminished cashflow presents an alarming picture of the overwhelming favorite to be the GOPās presidential nominee, particularly to would-be donors who arenāt eager to subsidize Trumpās legal challenges.
Despite threats of vengeance by Trump, some are instead backing his last standing rival, former U.N. AmbassadorĀ Nikki Haley, who outraised Trumpās primary campaign committee by nearly $3 million last month
In a statement, Trump spokeswoman Karoline Leavitt did not directly address the campaignās finances.
āPresident Trumpās campaign is fueled by small dollar donors across the country from every background who are sick and tired of Crooked Joe Bidenās record-high inflation, wide open border invasion, crime and chaos,ā Leavitt said. āVoters donāt want four more years of misery and destruction.ā
When asked specifically about the numbers, a Trump spokesman texted a link to a Fox News story published Tuesday, stating that Trump was expected to raise $6 million at a fundraiser held that day.
Legal fees dominated Trumpās January expenditures, amounting to $3.7 million of the roughly $15 million spent by the two committees. One of the committees, Save America, held nearly $2 million in unpaid legal debts, the records show.
Save America was also bolstered with a cash infusion from a pro-Trump super PAC, which accounted for almost all of the money it raised in January.
The committee received another $5 million ārefundā installment from the super PAC āMake America Great Again Inc.,ā which was initially seeded through a $60 million from Save America in the fall of 2022. Instead, Trump campaign officials opted to claw that money back in installments, a running total that has now reached $47 million, records show.
That left Trumpās two committees with $36.6 million in cash on hand compared to Bidenās $132 million stockpile, which he and the Democratic National Committee raised $42 million for in January.
āHis endless drama and legal bills will deplete the Republican Party and bring even more electoral losses,ā Haleyās communications director, Nachama Soloveichik, said in a statement.
The latest tranche of legal bills comes at a sensitive time, as Trump is orchestrating a takeover of the cash-strapped Republican National Committee, where he plans to install his daughter-in-law, Lara Trump, as the partyās No. 2 official. Some donors and RNC committee members worry that Trump may soon turn to the RNC to help cover his legal bills, too, considering Trump has made claims of legal persecution a pillar of his campaign.
