Connect with us

Hi, what are you looking for?

Oracle of  Omaha Says – Investing and Stock NewsOracle of  Omaha Says – Investing and Stock News

Latest News

Trump campaign raises eye-popping amount while battling dual indictments, multiple GOP challengers

Former President Donald Trump has a commanding polling lead in the crowded race for the 2024 Republican presidential nomination, but his fundraising is also robust.

The former president hauled in more than $35 million during the April-June second quarter of 2023 fundraising, Trump’s campaign confirmed to Fox News on Wednesday.

That’s nearly double the $18.8 million the Trump campaign brought in during the January-March first quarter of fundraising.

The massive haul appears to be an indicator that the former president’s mounting legal troubles have helped fuel his 2024 White House campaign.

During the second quarter of fundraising this year, Trump become the first sitting or former president in U.S. history to be charged with a crime. 

Trump pleaded not guilty in early April in New York City to charges brought by the Manhattan District Attorney’s Office. The former president was indicted for allegedly giving hush money payments to adult film actress Stormy Daniels in 2016 to keep her quiet ahead of that year’s presidential election over her claims she had sexual encounters years earlier with Trump. The former president denies sleeping with Daniels and denies falsifying business records to keep the payment concealed.

Trump was indicted and arraigned early last month for his alleged improper retention of classified records. He pleaded not guilty in federal court in Miami, Florida to criminal charges that he illegally retained national security records at his Mar-a-Lago estate in Palm Beach, Florida, following the end of his term as president and that he obstructed federal efforts to recover the documents. In total, Trump faces 37 felony charges.

Trump’s campaign touted that they hauled in $7 in the first four days following the New York City indictment, which spanned the end of the first quarter and the start of the second. And the campaign announced another huge fundraising infusion immediately following last month’s federal indictment.

Trump is the first of the Republican contenders to announce his second quarter fundraising. Candidates have until July 15 to file reports with the Federal Election Commission.

The latest evidence of the former president’s fundraising prowess comes as he holds a commanding lead in the latest GOP presidential nomination polls.

Trump, who is making his third straight White House run, stands at 56% support in the latest Fox News national poll of likely GOP primary voters, with Florida Gov. Ron DeSantis at 22% and everybody else in the large field of candidates in the singe digits. Trump’s lead has steadily expanded since the late winter.

The former president also enjoys large double-digital leads in the most recent surveys in Iowa and New Hampshire — the two states that lead off the Republican presidential nominating calendar.

‘We’ve always firmly believed that President Trump would be the clear and away front-runner in this race and once he started to campaign and travel around the country and engage with voters that it would be clear that he’s in the driver’s seat,’ said a top Trump campaign adviser, who asked to remain anonymous to speak more freely.

Trump’s second quarter haul includes funds for his official presidential campaign and Save America, which is his political action committee.

Trump aides didn’t provide a percentage breakdown of how much of the fundraising went to the campaign and to the PAC. But according to the latest fundraising emails, 90% of donations go to the campaign with the remaining 10% to the PAC. 

Save America spends its money on Trump’s non-campaign activities, including paying former president’s expensive legal bills.

News of Trump’s second quarter fundraising was first reported by Politico.

This post appeared first on FOX NEWS

Trending

You May Also Like

Latest News

A former Republican legislative candidate who traveled to Washington for former President Donald Trump’s ‘Stop the Steal’ rally was arrested Friday and charged with...

Stock

Even as U.S. inflation broadly cools, frozen vegetable prices are hot. The average shelf price for frozen veggies rose by 18% in the past year...

Latest News

Abbe Lowell, Hunter Biden’s attorney, filed an ethics complaint Friday against Georgia Rep. Marjorie Taylor Green after she displayed censured nude photos of the president’s...

Latest News

President Biden has overruled the Pentagon and chosen Adm. Lisa Franchetti to lead the Navy, making her the first woman, if she’s confirmed, to...

Disclaimer: Oracleofomahasays.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


Copyright © 2024 Oracleofomahasays.com