"Trump's Campaign Funds Drained by Mounting Legal Fees"

1 min read
Source: The Economist
"Trump's Campaign Funds Drained by Mounting Legal Fees"
Photo: The Economist
TL;DR Summary

Donald Trump's fundraising efforts have brought in over $75m in the second half of 2023, but his legal troubles are draining his campaign coffers, with more than 50 cents of every dollar donated going towards his defense. His campaign and affiliated committees are spending money almost as quickly as they are raising it, with legal fees being the biggest cost. Trump's cash disadvantage compared to Joe Biden's campaign could impact his ability to outspend his rival in swing states, especially as new trials approach, raising questions about whether his donors can continue to finance both his campaign and legal expenses.

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