Former President Donald Trump. Photo: Diego M. Radzinschi/ALM Trump's Campaign Finances Are Strained as Legal Peril Mounts
Records show that Trump took in over $53 million since the start of 2023, a period in which his two criminal indictments in Florida and New York were turned into a rallying cry that made his fundraising soar. Yet the Republican presidential front-runner burned through at least $42.8 million this year, much of it used to cover costs related to the mounting legal peril faced by Trump, his aides and other allies.
August 01, 2023 at 11:22 AM
6 minute read
Donald Trump's political operation entered the second half of the year in a strained financial position with its bank account drained by tens of millions of dollars that were directed toward defending the former president from mounting legal challenges as he seeks the White House again.
Records show that Trump took in over $53 million since the start of 2023, a period in which his two criminal indictments in Florida and New York were turned into a rallying cry that made his fundraising soar. Yet the Republican presidential front-runner burned through at least $42.8 million this year, much of it used to cover costs related to the mounting legal peril faced by Trump, his aides and other allies, leaving him with $31.8 million cash on hand. And that was after receiving a lifeline from a pro-Trump super PAC that agreed to refund millions of dollars in contributions that Trump's operation had previously donated to it.
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