Skip to main content

Trump's fundraising for presidential bid gets off to modest start

Former U.S. President Donald Trump speaks at a campaign event at the South Carolina Statehouse, on Jan. 28, 2023. (Alex Brandon / AP) Former U.S. President Donald Trump speaks at a campaign event at the South Carolina Statehouse, on Jan. 28, 2023. (Alex Brandon / AP)
Share
WASHINGTON -

Donald Trump's bid for the Republican presidential nomination in 2024 got off to a modest fundraising start, with his campaign ending the year with about US$7 million on hand while his Save America fund had about $18 million, according to financial disclosures released on Tuesday.

After launching his third consecutive run for the White House on Nov. 15, a week after a weaker-than-expected Republican performance in midterm congressional elections, the former U.S. President did little campaigning, not hitting the trail until this Saturday.

Tuesday's filings with the Federal Election Commission suggest that Trump's fundraising was also sluggish, leaving him with a far smaller war chest than the more than $100 million Save America had on hand through early 2022.

Trump remained a prodigious fundraiser after leaving office in January 2021, holding regular rallies in which he repeated his false claims that his loss to Democratic President Joe Biden was the result of widespread fraud.

But the Save America group that served as his main fundraising arm was registered to fund other campaigns, not Trump's own. That poses legal problems if Trump seeks to use Save America funds on his own campaign.

Last year Save America transferred some $60 million to a pro-Trump Super PAC group which is expected to support his presidential run. The Campaign Legal Center, a nonpartisan watchdog group, has asked election regulators to probe Save America's money transfers.

Save America's financial disclosure on Tuesday showed the group spent more than $3 million on lawyer fees in the final weeks of the 2022.

Trump remains the Republican party's most popular figure and is the only major candidate to have declared his intention to challenge Biden, who has not yet formally launched his own reelection campaign. But Trump could face challengers for the nomination, notably Florida Governor Ron DeSantis.

He also faces a series of legal risks, including a possible investigation into hush money payments to porn star Stormy Daniels during his 2016 presidential campaign.

Trump on Saturday visited two early-voting states and held notably muted events. In contrast to the raucous rallies in front of thousands of devotees that Trump has held in the past, he spoke to about 200 people in South Carolina's capitol building.

In its disclosure to election regulators, Trump's official campaign committee reported raising $3.8 million between Nov. 15 and Dec. 31, ending the year with $3 million in the bank.

Most of that money was raised through another Trump fundraising group called the Trump Save America Joint Fundraising Committee, which reported having an additional $3.8 million in the bank at the end of the year.

Reporting by Jason Lange; Editing by Scott Malone and Christian Schmollinger

CTVNews.ca Top Stories

A top Qatari official urges Israel and Hamas to do more to reach a ceasefire deal

A senior Qatari official has urged both Israel and Hamas to show "more commitment and more seriousness" in ceasefire negotiations in interviews with Israeli media, as pressure builds on both sides to move toward a deal that would set Israeli hostages free and bring potential respite in the nearly seven-month-long war in Gaza.

Russian drones set a hotel ablaze in a Ukrainian Black Sea city

Russian drones early Sunday struck the Black Sea city of Mykolaiv, setting a hotel ablaze and damaging energy infrastructure, the local Ukrainian governor reported, while ammunition shortages continued to hobble Kyiv's troops in the more than two-year-old war.

Local Spotlight

DonAir force takes over at Oilers playoff games

As if a 4-0 Edmonton Oilers lead in Game 1 of their playoff series with the Los Angeles Kings wasn't good enough, what was announced at Rogers Place during the next TV timeout nearly blew the roof off the downtown arena.