Trump's Super PAC Holds Over $415M in Cash Despite Promised Midterm Spending

President Donald Trump’s flagship super PAC, MAGA Inc., ended August with over $415.8 million in cash after raising more than it spent during the month. While Trump has pledged to deploy between $400 million and $500 million for Republican candidates ahead of the November midterms, actual spending from MAGA Inc. remains low—only about $15 million reported so far in September. Two newly formed super PACs linked to Trump have reserved over $126 million in advertising funds, raising questions about where and how his promised money is being spent. These groups share a treasurer and address with MAGA Inc., suggesting coordination behind the scenes despite public calls for direct support from Republican lawmakers like Sen. John Kennedy (R-La.) and Senate Majority Leader John Thune (R-S.D.). Republicans are under pressure to retain control of Congress, but Trump’s campaign finance strategy has drawn scrutiny as much of his pledged funds remain unspent or funneled through less transparent channels.

By Luke Fountain · CNBC ·

Trump's Super PAC Holds Over $415M in Cash Despite Promised Midterm Spending

Topics: Donald Trump Election Campaigns Fundraising MAGA Inc.

Read the full article at CNBC

More World news