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Donald Trump Faces Financial Collapse in 2024 Election Campaign

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Donald Trump was in attack mode at a campaign event in Erie, Pennsylvania.. © JOED VIERA/afp

So far, Donald Trump has been able to capitalize on his legal problems in the Republican election campaign. But now a financial collapse is imminent.

Washington, DC – The Republicans in the USA are currently looking for their top candidate for the 2024 US election. Donald Trump is still the big favorite – despite all investigations and lawsuits. In any case, the former president is clearly in the lead in the polls, and nothing seems to be able to stop his nomination. Or maybe yes?

There can be an obstacle for Trump. The legal problems the 77-year-old is dealing with could sooner or later mean that he runs out of money in the campaign. Trump’s Political Financing Committee (PAC) is said to have spent around $40.2 million on legal fees in the first half of 2023 alone. That reported the Washington Post citing people familiar with the matter.

Trump is threatened with financial collapse in the election campaign

The number is remarkable. But another number appears even more significant, that New York Times mentioned in this context. The cost was so high this year that Trump’s Save America PAC has reclaimed a $60 million donation to a group supporting Trump’s candidacy. Loud New York Times This points to a possible financial crisis in Trump’s election campaign.

A spokesman for Trump’s campaign declined to comment on the refund to the newspaper. The Justice Department continues to prosecute innocent Americans just for working for Trump, Steven Cheung said, referring to the total spending on the legal team. The ministry knew that there was “no serious case”.

So far, Donald Trump has been able to capitalize on allegations

Trump is the first former US President in history to be indicted by a federal grand jury. The 77-year-old was charged in June in the affair over secret government documents. Trump is accused of endangering national security because, after leaving the White House, he illegally kept hundreds of documents from the Pentagon, the federal police FBI and the secret service NSA in his private estate Mar-a-Lago in Florida.

Special Counsel Jack Smith has recently filed three more charges against Trump in this case. Trump is accused of trying to have footage from surveillance cameras that was of interest to the investigation deleted. He is also accused of withholding a classified document on “military activities in a foreign country”.

In addition, Trump is also facing several state-level lawsuits in Georgia and New York. So far, however, he has been able to capitalize on the allegations against him by arguing that it is a matter of political persecution. According to Trump’s spokesman, seven million dollars have flowed into the election campaign coffers since the indictment in the affair surrounding the secret documents. The lawsuit in connection with hush money payments to erotic actress Stormy Daniels also gave Trump a windfall of seven million dollars.

Trump insults Biden at campaign rally

Meanwhile, Donald Trump’s election campaign is in full swing. And Trump himself is increasingly attacking. He called US President Joe Biden a “stupid son of a bitch” during a speech at a rally in Pennsylvania. Meanwhile, he dismissed his Republican rivals as “clowns” and called on them to finally clear the way for him to run for the Republican presidential nomination. “Every dollar Republicans spend attacking me is a dollar donated directly to the Biden campaign.”

But if he wins the election, Trump said he will “appoint a proper special counsel to uncover once and for all the monumental corruption of the Biden crime family.” (cs)

2023-07-31 21:20:35
#Donald #Trump #running #money

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