Donald Trump's fundraising juggernaut slows as other Republicans gain
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Friday
January 27, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
FRIDAY, JANUARY 27, 2023
Donald Trump's fundraising juggernaut slows as other Republicans gain

USA

Reuters
16 July, 2022, 09:15 am
Last modified: 16 July, 2022, 09:20 am

Related News

  • In debt-limit fight, Trump wants republicans to play a dangerous game of chicken
  • Trump, lawyers sanctioned nearly $1mn over Clinton lawsuit
  • Donald Trump says he never read book accusing him of rape
  • Trump says his campaign talking with Meta about possible return to Facebook
  • Trump Organization fined $1.6 mn for tax fraud

Donald Trump's fundraising juggernaut slows as other Republicans gain

Reuters
16 July, 2022, 09:15 am
Last modified: 16 July, 2022, 09:20 am
Former US President Donald Trump. Photo: Reuters/Tom Brenner
Former US President Donald Trump. Photo: Reuters/Tom Brenner

Former President Donald Trump's online fundraising has slowed in recent months, a financial disclosure on Friday showed, adding to doubts over the firmness of his grip on the Republican Party.

Trump's political committees raised about $18 million between April and June, about $2 million less than in the prior three months, according to a report by WinRed, the Republican donation processing portal.

WinRed's latest reports have shown Trump's money-raising falling in seven of the last nine months, with tiny gains in May and June.

Trump's decline, seen both among small and large donors, contrasts with fundraising growth across the rest of the Republican Party, as campaigns heat up ahead of the Nov. 8 midterm elections, when Republicans hope to seize control of Congress.

After bringing in more than $300,000 a day in online contributions in September, Trump's political committees have raised around $200,000 a day over the last four months.

The former leader's diverging financial path from the rest of the party could be a sign of waning enthusiasm for him, said Republican strategist Mike DuHaime.

While Trump regularly hints he will run for president in 2024, about a quarter of Republicans do not think he should, according to a Reuters/Ipsos poll conducted 7-8 June.

"There is definitely Trump fatigue," said DuHaime, adding that Trump's failure to declare he will run for president in 2024 could be dulling the urgency of his fundraising appeals relative to Republican congressional candidates working to unseat Democrats this November. "Donors care about future elections, not past elections."

Trump spokesman Taylor Budowich said Trump was "raising money at an unparalleled pace" and that "any suggestion otherwise is just a tired case of bias narrative peddling by the Fake News."

No recent president has raised money after leaving office as aggressively as Trump.

His main political organization, Save America, had more than $100 million in the bank on 31 May, according to the committee's most recent disclosure to the Federal Election Commission.

But his fundraising juggernaut, which took in about a fifth of all contributions made to Republicans through WinRed in June 2021, accounted for only about a tenth in June of this year.

Trump, still the Republican Party's dominant powerbroker, continues to top national polls among his party's possible 2024 presidential candidates.

But in recent weeks, other potential contenders have raised their profiles while Trump has been the focus of a congressional probe into the deadly 6 Jan 2021, assault on the US Capitol by the former leader's supporters.

Last month, Florida Governor Ron DeSantis, who has a political war chest similar in size to Trump's, had more support than Trump among likely Republican voters for New Hampshire's 2024 presidential primary contest, according to a University of New Hampshire poll.

World+Biz

Donald Trump / Republican / fundraiser

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Manufacturers feel the pinch as consumers tighten belt
    Manufacturers feel the pinch as consumers tighten belt
  • Sugar turning bitter!
    Sugar turning bitter!
  • Illustration: TBS
    HC verdict moves the needle on recognising single motherhood

MOST VIEWED

  • U.S. Secretary of State Antony Blinken speaks during a visit to the Office of Director of National Intelligence in McLean, Virginia, July 18, 2022. Saul Loeb/Pool via REUTERS/File Photo
    Blinken to travel to Israel, West Bank, urge end to violence
  • Somalia soldiers and policemen look on as Hassan Hanafi, a former media officer for the Somali Islamist group al Shabaab, stands tied to a pole before his execution by shooting at close range on a field in General Kahiye Police Academy in Somalia's capital Mogadishu, on April 11, 2016. REUTERS/Ismail Taxta
    US military operation kills Islamic State leader in Somalia
  • A boy tries out a 12 gauge Smith and Wesson shotgun as people attend the National Rifle Association (NRA) annual convention in Houston, Texas, US May 28, 2022. REUTERS/Shannon Stapleton
    Democratic senators call for ban on marketing guns to kids
  • US President Joe Biden speaks during an event at the Royal Castle, amid Russia's invasion of Ukraine, in Warsaw, Poland on 26 March 2022. Photo: Reuters
    Biden reelection bid not official, but fundraising to begin
  • FILE PHOTO: A Seattle police officer wears a "mourning band" for fallen officers over his badge, obscuring the badge number, as Seattle police guard the department headquarters downtown during a rally and march calling for a defunding of Seattle police, in Seattle, Washington, U.S. June 3, 2020. REUTERS/Lindsey Wasson/File Photo
    Five US police officers charged with beating Black man to death
  • Palestinians inspect damaged vehicles following an Israeli raid in Jenin in the Israeli-occupied West Bank January 26, 2023. REUTERS/Raneen Sawafta
    US urges de-escalation after Palestinians killed in Israeli operation

Related News

  • In debt-limit fight, Trump wants republicans to play a dangerous game of chicken
  • Trump, lawyers sanctioned nearly $1mn over Clinton lawsuit
  • Donald Trump says he never read book accusing him of rape
  • Trump says his campaign talking with Meta about possible return to Facebook
  • Trump Organization fined $1.6 mn for tax fraud

Features

Sketch:TBS

Why we need consumer education for consumer wellbeing

48m | Thoughts
Dr Ahsan H Mansur, Executive Director, Policy Research Institute. Illustration: TBS

Twin shocks call for stronger domestic policy response

1h | Thoughts
December-er shohor, taxi taken for airport and the Park Street bathed in lights. Photo: Jannatul Naym Pieal

Exploring Kolkata on foot, empowered by Google Maps

2h | Explorer
Island hopping in Bangladesh?

Island hopping in Bangladesh?

4h | Panorama

More Videos from TBS

Kajol’s road paintings bring change in Gafargaon

Kajol’s road paintings bring change in Gafargaon

16h | TBS Stories
Carew & Company witnessed a remarkable growth

Carew & Company witnessed a remarkable growth

17h | TBS Stories
PCB recalls cricketers from BPL ahead of PSL

PCB recalls cricketers from BPL ahead of PSL

19h | TBS SPORTS
Why Misha Sawdagar became villain instead of a Hero?

Why Misha Sawdagar became villain instead of a Hero?

18h | TBS Entertainment

Most Read

1
Picture: Collected
Bangladesh

US Embassy condemns recent incidents of visa fraud

2
Four top bankers arrested in DSA case filed by S Alam group 
Bangladesh

Four top bankers arrested in DSA case filed by S Alam group 

3
Illustration: TBS
Banking

16 banks at risk of capital shortfall if top 3 borrowers default

4
Photo: Collected
Splash

Hansal Mehta responds as Twitter user calls him 'shameless' for making Faraaz

5
A frozen Beyond Burger plant-based patty. Photographer: AKIRA for Bloomberg Businessweek
Bloomberg Special

Fake meat was supposed to save the world. It became just another fad

6
Representational Image
Banking

Cash-strapped Islami, Al-Arafah and National turn to Sonali Bank for costly fund

EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net