Supporters of Donald Trump He has reportedly contributed $188 million in 2023 for his potential return to the White House, but significant legal fees are draining his funds.
Trump’s campaign and allied political entities withheld $65 million for GOP races, but super PACs spent nearly $48 million on his legal fees in 2023, the Wall Street Journal reported.
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Recently released by the Federal Election Commission, the latest data provides a transparent financial snapshot of presidential candidates entering the 2024 election season, the report said.
The data reveals substantial spending on advertising, staff salaries and other costs, he added.
With most of Trump’s Republican rivals dropping out of the race, his campaign and allied super PACs are poised to attract the majority of these donors. However, the extent to which they will shift to support the former president remains uncertain.
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AP VoteCast data reveals that at least 20% of Republican-leaning voters in New Hampshire’s primary expressed reluctance to support Trump, even if he secured the party’s nomination, according to the Wall Street Journal.
On the contrary, President Joe Biden‘s campaign, along with the Democratic National Committee, reported finishing the year with $117 million in cash reserves.
Biden’s reelection campaign and the DNC collectively generated more than $97 million in the final quarter of 2023.
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The Republican National Committee faces limitations in raising additional money for Trump until he secures the nomination, a process that has come under scrutiny from some party insiders due to weaker fundraising.
A significant super PAC supporting the former governor of South Carolina. Nikki Haley, called the SFA Fund, accumulated $50.2 million in the second half of the year. However, the fund ended 2023 with just $3.5 million in cash, as Haley remains the only Republican contender against Trump.
Haley’s personal campaign committee retained $14.6 million in cash through the end of the year.
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As of December 31st Ron De Santis‘s presidential campaign kept $9.7 million in the bank, of which $9.3 million was spent during the quarter.
The campaign received $3.4 million in individual contributions. DeSantis withdrew from the race before the New Hampshire primary and endorsed the former president.
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This content was partially produced with the help of artificial intelligence tools and was reviewed and published by Benzinga editors.
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