Trump’s Fundraising Arm Faces Cash Crisis Amid Mounting Legal Fees
Donald J Trump for President 2024, the primary fundraising committee for former President Donald Trump, is facing a cash crisis as legal fees continue to mount. The committee, which has collected over $85 million in donations according to the Federal Election Commission, has been used to fund Trump’s legal expenses, rallies, and staff costs.
Until earlier this year, 99 percent of the donations were allocated to the campaign fund, with only one percent going to Save America. However, the split was adjusted in late February or early March, with 10 cents in the dollar now being allocated to Save America. Despite this change, the committee is still struggling to address its financial challenges.
The Washington Post recently reported that Trump has already spent $40 million on legal fees in 2023 alone, in addition to the $16 million spent in the previous two years. These expenses are a result of ongoing legal battles faced by the former president.
Trump is currently indicted in New York for allegedly falsifying business records in relation to a hush money payment made to porn star Stormy Daniels. He is also facing charges in Florida for allegedly obstructing justice and illegally retaining classified documents. Furthermore, special prosecutor Jack Smith has issued a “target letter” to Trump, indicating that he could potentially face charges in relation to the January 6 insurrection.
In the coming weeks, it is widely anticipated that Trump could also be charged in Georgia for his attempts to overturn his election defeat in the state. These potential charges add to the mounting legal pressure on the former president.
The financial strain faced by Trump’s fundraising committee highlights the significant legal challenges he is currently navigating. The committee, which has been instrumental in financing Trump’s political activities, is now grappling with a cash crisis as the legal fees continue to accumulate.
The future of Donald J Trump for President 2024 remains uncertain as the legal battles intensify. With mounting expenses and potential charges in multiple states, Trump’s ability to sustain his political ambitions may be significantly impacted.
As the situation unfolds, it will be crucial to monitor the financial status of Trump’s fundraising committee and how it adapts to the ongoing legal challenges. The outcome of these legal battles could have far-reaching implications for the former president’s future in politics.
Original Story at www.telegraph.co.uk – 2023-07-30 18:42:00
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