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☆ 'Almost impossible': Inside Biden's uphill battle to win the backing of key anti-Trump Republicans
▼ + stars: | 2024-04-04 | by ( Brian Schwartz | ) www.cnbc.com time to read: +9 min

There is already an effort underway by wealthy Biden donors to recruit Haley's bundlers and contributors. The Biden Victory Fund raises money for the Biden campaign, the Democratic National Committee and dozens of state parties. "Everyone, including Republican voters who reject Trump's chaos, division, and violence, has a home in President Biden's campaign," said Munoz, the Biden campaign aide. The ads will feature onetime Trump voters explaining why they decided not to vote for him again. A political action committee called "Haley Voters for Biden" is also trying to persuade Haley voters to support Biden, according to Semafor.

Persons: Joe Biden, Sara Stathas, Donald Trump, Biden, Nikki Haley's, Kevin Munoz, Haley, Trump, Nikki Haley, Allison Joyce Allison Joyce, Liz Cheney, Chris Christie, Cheney, Christie, Biden outraised Trump, Haley's bundlers, Haley bundlers, MAGA, X George Conway, Conway, Biden's, Munoz, Bill Kristol, Reagan, Team Biden, Bill Kristol Michael Brochstein, Mike Madrid, Chris Sununu, Joseph Prezioso Organizations: Hillside Boys, Girls Club, Bloomberg, Getty, Democratic, Republican Party, Republican, CNBC, Former U.S, United, REUTERS, Reuters, Democratic Biden, Trump, Biden, New, New Jersey Gov, Republicans, Democratic National Convention, CNN, Trump Republican, South, GOP, Biden Victory Fund, Fund, Democratic National Committee, Haley Republicans, WI, Team, Against Trump, Trump PAC, Lincoln, UN, New Hampshire, Winnacunnet, School, AFP Locations: Milwaukee , Wisconsin, Charleston , South Carolina, U.S, Wyoming, New Jersey, South Carolina, Madrid, Hampton , New Hampshire

☆ Opinion: Trump Media’s billion-dollar valuation makes no sense
▼ + stars: | 2024-04-02 | by ( Opinion Jill Filipovic | ) edition.cnn.com time to read: +7 min

CNN —At Trump Media, it was the best of times, and it looks like it’s headed for the worst of times. Courtesy Jill FilipovicLast week, Trump Media was valued at nearly $11 billion, an astronomical sum for a money-losing company with a few million in revenue. Truth Social, Trump Media’s answer to Twitter/X, has fewer than 500,000 monthly active US users, compared to X’s 75 million. The Trump Media story, though, is a fascinating one because it is an amplified example of so much of the Trump playbook. “The first rule of cults is: you’re never in a cult,” cult expert Daniella Mestyanek Young told Jennifer Rubin of the Washington Post.

Persons: Jill Filipovic, Donald Trump’s, Trump, Michael Ohlrogge, he’s, MAGA, there’s, Rick Ross, Robert Jay Lifton, ”, —, “, you’re, Daniella Mestyanek Young, Jennifer Rubin Organizations: Twitter, CNN, CNN —, Trump Media, Trump, NYU, Washington Post, Republican, Republican Party, RNC Locations: New York, America

☆ Elon Musk says he's not donating money to Trump. Does that settle it?
▼ + stars: | 2024-03-06 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

Read previewNews that Elon Musk met with Donald Trump on Sunday raised the obvious question: Is Trump, who needs money, going to get some from one of the world's richest men? Absolutely not, says Elon Musk on Wednesday:That settles that. Just to be super clear, I am not donating money to either candidate for US President This story is available exclusively to Business Insider subscribers. In 2022, Elon Musk said he was acquiring Twitter shares as a "passive" investor — and then bought the whole company. Or maybe Musk thinks he's crafted a clever tweet about "not donating money to either candidate for US President," and what he really means is he is "not donating RIGHT NOW."

Persons: —, Elon Musk, Donald Trump, Trump, he's, Teddy Schleifer, Puck, Schleifer, Vivek Ramaswamy's, Musk, Elon, …, doesn't Organizations: Service, Elon, US, Business, Twitter, Trump, Trump PAC, Nope Locations: Silicon Valley

☆ Tesla CEO Elon Musk says he's not donating money to Trump or Biden
▼ + stars: | 2024-03-06 | by ( Brian Schwartz | ) www.cnbc.com time to read: +1 min

Elon Musk, chief executive officer of Tesla, at the Viva Tech fair in Paris, France, on Friday, June 16, 2023. Tesla CEO Elon Musk said Wednesday he will not donate to the campaigns of either President Joe Biden or former President Donald Trump. Musk, who also heads SpaceX, could support Trump or Biden in ways other than a direct donation to their campaigns. Despite Musk's habit of taking political stances on social media, he is not a major, frequent donor to campaigns. Musk during the 2018 midterm election cycle made a series of contributions to Republican and Democratic committee support candidates for Congress for $33,900 apiece.

Persons: Elon Musk, Tesla, Joe Biden, Donald Trump, Musk, Trump, Biden Organizations: Viva Tech, US, New York Times, Trump, Forbes, SpaceX, Trump PAC, Republican, Democratic Locations: Paris, France, Palm Beach , Florida, Palm Beach

Donald Trump met with Elon Musk on Sunday, The New York Times reported. Several wealthy GOP donors were also in attendance as Trump's campaign is actively looking for big donors, the outlet reported. Biden's campaign started last month with $56 million on hand compared to Trump's campaign, which had just over $30 million. AdvertisementIt's unclear if Musk is planning to donate to Trump's campaign. Unlike Biden, Trump could use his wealth to fund a significant portion of his campaign.

Persons: Donald Trump, Elon Musk, Trump, —, Joe Biden, Biden's, Musk, Richard, Dick, Uihlein, Elizabeth, Liz, Ron DeSantis, DeSantis, Biden Organizations: The New York Times, The Times, Times, Service, Elon, New York Times, Trump, Trump PAC, Twitter, Illinois Gov, Pritzker, Biden, Republican, Florida Gov, Business Locations: Palm Beach , Florida, New York

☆ Haley attacks Trump’s morals, age and wealth as she looks to stave off home state loss
▼ + stars: | 2024-02-02 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

Haley laid out a stinging character study of the former president in an interview with CNN’s Jake Tapper on Thursday. Grouping Trump with President Joe Biden, she said it was “absurd” that the country would be stuck with two 80-year-old candidates. In recent campaign events, Haley has also questioned Trump’s morality and capacity to tell right from wrong. They had to find a way to exploit Trump’s greatest general election liabilities in the knowledge that most Republican voters had no interest in hearing about them. South Carolina state Rep. Bill Taylor hit back at some of Haley’s recent criticisms that Trump only thinks of himself.

Persons: Nikki Haley, Donald Trump, —, besmirching, Haley, CNN’s Jake Tapper, Joe Biden, Biden, Trump, quagmire, she’s, they’ve, Jeb Bush, Sen, Marco Rubio, Ron DeSantis, DeSantis, ”, ” DeSantis, ” Haley, Hilton, Chris Christie, Liz Cheney, Tapper, “, He’s, he’s, doesn’t, E, Jean Carroll, hadn’t “, Carroll, Haley —, Nancy Mace, ” Mace, Bill Taylor, “ Nikki Haley, Nikki, ” Taylor Organizations: CNN, South, GOP, Trump, Hampshire, United Nations, Gov, Republican, Wyoming, New York Times, UN, Capitol, Republicans don’t, Republicans, South Carolina Rep, Rep Locations: South Carolina, United, Florida, Iowa, America, Hilton Head, Columbia , South Carolina, New York, York, Trump, Columbia, New Hampshire, vise, China, United States

☆ Trump PACs spent an estimated $50 million of donor money on attorney fees and related expenses in 2023: report
▼ + stars: | 2024-01-31 | by ( Madison Hall | ) www.businessinsider.com time to read: +2 min

In 2023 alone, former President Donald Trump was staring down 91 felony charges. A recent NYT report said two pro-Trump PACs spent $50 million funding his legal battles in 2023. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The report noted the embattled former president's legal fees were primarily paid not from his own account, but instead from the coffers of Save America, a Trump-supporting political action committee, and the Make America Great Again PAC. As of August 2023, he'd only publicly received $340,000 in reimbursement from a Trump PAC.

Persons: Donald Trump, —, Joe Biden, Trump's, Rudy Giuliani, he'd Organizations: Trump, Service, District of Columbia, New York Times, Federal, Commission, Save, Associated Press, Save America PAC, National Republican Senatorial Committee, Democratic National Committee, Republican National Committee, White, New York City Mayor, Trump PAC Locations: New York

☆ Opinion | Is Biden vs. Trump the ‘Election We Need’?
▼ + stars: | 2023-11-20 | by ( ) www.nytimes.com time to read: +4 min

We need this election to once and for all defeat MAGA and Trumpism, and send Donald Trump packing, if he is not in prison. Nicholas BuxtonNew YorkTo the Editor:Carlos Lozada writes: “Joe Biden versus Donald Trump is not the choice America wants. I would rather risk losing to a Nikki Haley than take the chance on beating Mr. Trump. Millions of people are yearning for an alternative to an octogenarian Joe Biden and to an existentially dangerous to our democracy Donald Trump. In a recent poll, a “generic” Democrat matched against Mr. Trump outperformed Joe Biden by more than 10 points.

Persons: Trump, Carlos Lozada, Joe Biden, MAGA, Trumpism, Donald Trump, Henry A, Lowenstein, Biden, Biden’s, Nicholas Buxton, “ Joe Biden, Trump’s, —, Nikki Haley, Carol Kraines Deerfield, Dean Phillips, Phillips, “, ”, Ken Derow Swarthmore Organizations: Biden, Trump, Lowenstein New, Democratic, New York Times, Justice Department, Mr, Dean Phillips of, Democrat, CNN Locations: Republic, Lowenstein New York, Siena, York, Ill, Dean Phillips of Minnesota, Pa

The bulk of the Trump PAC money went to law firms that have defended Trump against a series of criminal charges or in civil lawsuits. “Well, if the little fish’s lawyer is being paid by the big fish that’s less likely to happen potentially.”The Trump campaign did not respond to a request for comment. That money is earmarked for political and campaign activities, not for legal expenses, according to the campaign. To help pay the legal fees, Trump’s political operation has also moved millions from his super PAC, MAGA Inc. Those concerns are amplified in court records filed by Smith’s team in the Mar-a-Lago case.

Persons: — Donald Trump’s, Trump, ”, Randall Eliason, he’s, Letitia James ’, James, schemed, “, it’s, Anthony Michael Kreis, Donald Trump, Robert Lee, wasn’t Trump, Lee, Alina Habba, Christopher Kise, James ’, Habba Madaio, Habba, Jean Carroll, Mary Trump, Kise, Foley, Lardner, Chris Kise, Ron DeSantis, Sen, Rick Scott, Coleman, Ciara Torres, Jack Smith, ” Torres, Spelliscy, Joe Biden, Saurav Ghosh, don’t, ” Ghosh, Donald J, Smith, Carlos De Oliveira, De Oliveira, He’s, Walt Nauta, John Irving of, Brand, Stanley Woodward, Woodward, Mark Meadows, Dawn Smelcer, ” he’s, Eric Tucker, Jill Colvin Organizations: WASHINGTON, Commission, Associated, Save, Republican National Committee, Democratic National Committee, National Republican Senatorial, Trump PAC, Trump, White, George Washington University Law School, MAGA Inc, Georgia State University, Associates, Save America, New York Times, PAC, Republican, Florida Gov, Continental, Stetson University College of Law, Justice Department, Justice, Republicans, Democrats, GOP, Democratic, Legal, Smith’s, FBI, John Irving of Earth & Water Law, Brand Woodward Law, Prosecutors, AP, Associated Press Locations: New York, Georgia, Fulton, Lago, Florida, Boca Raton , Florida, Washington ,, Bedminster , New Jersey, York, West Palm Beach , Florida, Save America, Fayetteville , North Carolina, Washington

“He is having financial difficulties,” Giuliani’s lawyers said in a filing this month in a civil defamation case brought by two Georgia election workers against him. The criminal charges that Fulton County District Attorney Fani Willis brought against Trump, Giuliani and 17 others will undoubtedly add to the former mayor’s legal bills. Giuliani wanted to search the records so he could respond in each of the election-related lawsuits, according to court filings. By May, Giuliani was more than $320,000 behind in payments to the document hosting company, according to a sworn statement he made in court. The New York state judge overseeing Smartmatic’s defamation case has a hearing set for Wednesday.

Persons: CNN — Rudy Giuliani, Donald Trump, Giuliani, Mr, ”, “ Giuliani, ” Giuliani, Fani Willis, Jack Smith’s, Trump, Giuliani’s, Bernie Kerik, Robert Costello, Ted Goodman, he’d, “, Trustpoint “, Shaye Moss, Ruby Freeman, Moss, Freeman’s, ” Moss, Freeman, Smartmatic, it’s, that’s Organizations: CNN, New, New York City, Trump, Giuliani, Democracy, FBI, Trustpoint, Voting Systems, Dominion Locations: New York, Manhattan, Georgia, DC, Fulton County, Washington, litigating

☆ Trump campaign is fundraising off of new indictment as reports reveal pro-Trump PAC is doling out millions for legal bills
▼ + stars: | 2023-08-02 | by ( Hannah Getahun | Azmi Haroun | ) www.businessinsider.com time to read: +3 min

Former President Donald Trump was indicted Tuesday in connection to the January 6 insurrection. Following his third indictment, Trump is asking supporters to donate to his Joint Action Committee. A small percentage of these donations are diverted to his PAC, which is covering his mounting legal bills. In his fundraising request, Trump asks his followers to make a donation in order to "help peacefully DEFEND our movement from the never-ending witch hunts," a term Trump uses often to refer to his legal woes. A representative for Donald Trump did not immediately respond to Insider's request for comment.

Persons: Donald Trump, Trump, —, Joe Biden's, Jack Smith, Mike Pence Organizations: Service, Trump, Trump Save America, Save America PAC, Washington Post, The New York Times, Capitol, Justice Department, Department of Justice Locations: Wall, Silicon

☆ Trump PACs Burn Through $100 Million This Year
▼ + stars: | 2023-08-01 | by ( Jack Gillum | Anthony Debarros | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/desantis-super-pac-has-97-million-trump-campaign-committee-burning-cash-on-legal-bills-307dbd95

Persons: Dow Jones

☆ Trump's $100 million PAC has burned through nearly all of its cash
▼ + stars: | 2023-08-01 | by ( Brian Schwartz | ) www.cnbc.com time to read: +3 min

Trump's Save America PAC raised over $15 million in the first half of 2023, spent over $30 million and now has about $3.6 million on hand, according to Federal Election Commission records. The committee came into 2023 in a strong position, raising over $100 million in 2022 and finishing with $18 million on hand. The super PAC supporting Florida Gov. His own campaign raised around $20 million and went into the third quarter with just over $12 million on hand. The super PAC came into the later stages of the year with $30 million on hand.

Persons: Donald Trump, Donald Trump's, Ron DeSantis, Joe Biden, Trump, he's, Chris Christie, Christie, Charles Koch, Biden Organizations: U.S, Republican, Florida Gov, Trump's Save America PAC, Commission, NBC, Trump PAC, New, New Jersey Gov, CNBC, Trump, FEC, Koch Industries, Prosperity, PAC, Make, Inc Locations: Erie , Pennsylvania, U.S, New Jersey, Florida, Mar

☆ Even Trump's PAC is skiplagging now
▼ + stars: | 2023-08-01 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +2 min

Trump's political action committee has embraced skiplagging, according to federal campaign finance reports. Save America PAC used the tactic as it spent more than $21 million on legal fees. Airlines are increasingly trying to thwart skiplagging as passengers embrace the practice amid rising prices. While some of that money was routed back to Trump's super PAC, more than $21 million was spent on legal fees. A representative for Trump did not immediately respond to a request for comment about how the former president's orbit is using skiplagging.

Persons: Donald Trump's, SkipLagged, Joe Biden, Trump, Bobby Laurie Organizations: Save America PAC, Service, Trump, Trump PAC, Trump's, US Airways, Virgin America Locations: Wall, Silicon, New York

☆ Florida Gov. Ron DeSantis joins presidential race, taking on Trump for GOP nomination
▼ + stars: | 2023-05-24 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Republican gubernatorial candidate for Florida Ron DeSantis with his wife Casey DeSantis speaks to supporters during an election night watch party at the Convention Center in Tampa, Florida, on November 8, 2022. Ron DeSantis announced the launch of his 2024 presidential campaign on Wednesday, setting the Republican contender on a collision course with former President Donald Trump in the race for the GOP nomination. Musk then started a new Twitter Spaces where DeSantis announced his presidential bid. Trump and his allies have assailed DeSantis' record, his political abilities and even his personality, while amplifying negative news about the governor. That result showed Trump extending his gains and DeSantis losing ground from a previous Quinnipiac survey in late March.

Persons: Florida Ron DeSantis, Casey DeSantis, Ron DeSantis, Donald Trump, DeSantis, Elon Musk, David Sacks, Musk, Bryan Griffin, Trump, Read Organizations: Florida, Convention, Florida Gov, GOP, Fox News, Democratic, Trump, Trump PAC, Quinnipiac University, Republican Locations: Tampa , Florida, DeSantis, Quinnipiac

☆ Clarence Thomas' billionaire benefactor Harlan Crow has also spent thousands boosting Ted Cruz, Marco Rubio, and an anti-Trump super PAC
▼ + stars: | 2023-04-11 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

They include Marco Rubio's 2016 presidential campaign, major Senate campaigns, and an anti-Trump PAC. The Texas billionaire also gave $50,000 in 2015 to "Right to Rise," a super PAC associated with Jeb Bush. Senate super PAC spendingIn addition to being a major super PAC spender at the presidential level, Crow has given thousands to outside spending groups supporting the party's Senate candidates over the years. He also gave $50,000 to "Show Me Values PAC," a super PAC set up to prevent the scandal-plagued former Gov. And in 2016, he gave $55,000 to "Let America Work," a super PAC boosting Sen. Ron Johnson against former Democratic Sen. Russ Feingold.

☆ Ron DeSantis is staying silent amid a push from MAGAworld for him to say or do something about a possible Trump indictment
▼ + stars: | 2023-03-20 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

As MAGAworld rages about rumors that Donald Trump will be indicted, Ron DeSantis has stayed quiet. Ron DeSantis is facing immense pressure from the far-right wings of MAGAworld to help former President Donald Trump evade a potential indictment in New York. Posobiec told The New York Times that he was "taking receipts on everyone" who hasn't blasted a potential Trump indictment. Far-right influencer Stew Peters tweeted that DeSantis should send the Florida National Guard to protect the former president at the Mar-a-Lago resort. Once allies with DeSantis, Trump has over the last year increasingly launched personal attacks at the governor.

☆ A Trump super PAC filed an ethics complaint accusing Ron DeSantis of reaping 'personal financial gain' from his 'lucrative book tour'
▼ + stars: | 2023-03-16 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +4 min

Trump's Make America Great Again super PAC has filed an ethics complaint against pro-DeSantis PACs. Trump's team wants the Florida ethics commission to investigate if DeSantis' book tour was "unlawful." This ethics complaint kicks off the official dispute between Trump's camp and DeSantis' supporters. Make America Great Again Inc., a Trump-aligned super PAC, filed a complaint with the Florida ethics commission on Wednesday. "An investigation by the Florida Ethics Commission must occur as soon as possible."

☆ Home Depot's 93-year-old cofounder who said 'nobody works' anymore because of 'socialism' has donated $64 million to elect Trump and the Republican party over the years
▼ + stars: | 2022-12-29 | by ( Kelsey Vlamis | Madison Hall | ) www.businessinsider.com time to read: +4 min

Bernie Marcus, the billionaire cofounder of Home Depot, said Thursday "nobody works" anymore. Marcus donated millions to Trump in 2016 and 2020, and more to other Republicans over the years. In an interview with the Financial Times published Thursday, 93-year-old Bernie Marcus said "nobody works, nobody gives a damn," blaming the change on "socialism." In 2020, he made two separate donations of $5 million each to the Preserve America PAC, a single-candidate PAC that supports Trump. Marcus has also donated extensively to House and Senate races, contributing to a long list of Republican lawmakers that includes Sens.

☆ Meet the megadonors backing the Trump super PAC as some top donors opt out of supporting 2024 candidacy
▼ + stars: | 2022-12-11 | by ( Brian Schwartz | ) www.cnbc.com time to read: +6 min

Yet, the latest disclosure, which shows fundraising for the super PAC from Oct. 20 through Nov. 28, also lists nine other individual contributions totaling over $900,000. Wealthy businessman Timothy Mellon contributed $1.5 million to the super PAC on Oct. 5, according to the records. This small group of megadonors arrived in support of the super PAC just prior to other influential financiers deciding they will not back Trump's 2024 candidacy for president. During Trump's first run for the White House in 2016, Pate financed the anti-Trump super PAC We The People Foundation. Anthony Lomangino, a recycling mogul, donated $100,000 to the super PAC on Nov. 4.

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