All articles tagged with #campaign funding
Elon Musk has resumed funding Republican campaigns for the 2026 midterms, signaling a thaw in his relationship with Trump and a shift from his previous threats to support third-party candidates, positioning himself as a major GOP donor again.
California Governor Gavin Newsom has raised over $120 million to support Proposition 50, a ballot measure aimed at redrawing congressional maps to favor Democrats, with significant backing from wealthy donors and unions, and recent polls showing increasing voter support for the initiative.
The GOP has largely abandoned efforts to defeat California's Prop 50, a citizen-led redistricting initiative, due to diminishing resources and strategic shifts, with limited support from major donors and minimal advertising activity in October, while opposition efforts are primarily funded by Republican groups and super PACs.
Zohran Mamdani reacts to NYC Mayor Eric Adams dropping out of the race, criticizing Adams for decisions influenced by wealthy donors and Trump allies, and emphasizing his focus on working-class New Yorkers amidst a crowded and politically charged race.
NYC Mayor Eric Adams is uncertain about staying in the mayoral race, citing media coverage and fundraising challenges, and will decide based on what is best for the city, amid speculation about his withdrawal and political pressures.
Leading Democrats in California are rallying to oppose independently-drawn maps through 2030, aiming to counteract gerrymandering efforts led by President Trump in Texas and other states, with significant funding from conservative donors like Charles Munger Jr.
Trump-linked political groups have accumulated a significant war chest of over $38 million, primarily to influence the 2024 primaries and the 2026 elections, potentially making him a major player in the upcoming midterms by supporting GOP candidates and strategies.
Former Biden adviser Mike Donilon revealed he was paid $4 million for his work on Biden's 2024 campaign and was set to receive an additional $4 million if Biden was reelected, while defending Biden's fitness for office amid ongoing investigations into his cognitive health by the House Oversight Committee.
Mike Donilon, a top aide to President Biden, testified that he was paid $4 million for his work on Biden's 2024 re-election campaign and could have earned an additional $4 million if Biden had won, highlighting potential financial incentives linked to the campaign amid ongoing investigations by the House Oversight Committee.
In the final stretch of NYC's Democratic mayoral primary, Cuomo and Mamdani clash over campaign funding and Mamdani's controversial remarks on 'globalize the intifada,' with Bloomberg's significant financial support playing a key role. Mamdani emphasizes his progressive stance and opposition to divisive rhetoric, while Cuomo questions Mamdani's experience amid ongoing campaign tensions.
Elon Musk reportedly spent over $250 million to support Donald Trump's election campaign, highlighting the significant financial influence of wealthy individuals in political processes.
Donald Trump's presidential campaign received a significant $50 million boost from conservative billionaire Timothy Mellon, contributing to the "MAGA Inc" Super-Pac's $68 million intake last month. This donation came shortly after Trump was convicted on 34 charges related to falsifying business records. Mellon's contribution has enabled pro-Trump allies to outspend President Joe Biden's supporters in recent weeks.
Despite Donald Trump's historic felony conviction for falsifying business records, his support among Republican megadonors remains strong. Wealthy backers from Wall Street and Silicon Valley continue to fund his re-election campaign, driven by dissatisfaction with President Biden and the belief that Trump's policies will benefit their interests.
Robert F. Kennedy Jr.'s upcoming vice presidential announcement is expected to bring a significant cash influx and boost to his third-party campaign, meeting the necessary benchmark to be listed on the ballot in two dozen states. While the campaign has been secretive about the choice, reports suggest lawyer and mega-donor Nicole Shanahan is a top contender. The move is seen as a serious step forward for Kennedy's independent run, which faces financial challenges compared to the major parties. The announcement is anticipated to enhance his appeal and fundraising efforts, potentially following historical examples of successful third-party candidates.
Donald Trump claims to have nearly $500m "in cash" to fund his campaign, despite his attorneys telling a New York appeals court that he can't come up with the money to block enforcement of a $454m judgment against him. His financial situation, including his net worth and assets, has come under scrutiny in the midst of mounting legal battles. Trump's attempts to salvage appearances of his vast personal fortune could ultimately undermine his still-pending case before the appeals court, as he faces challenges in securing an appeals bond and relies on political action committees and the party itself to pay his mounting legal bills.