Scoop: Trump to keep fundraising, hoping to retain political muscle
Summary
President Donald Trump has told advisers he plans to keep raising money for his political operation after Republicans lost control of Congress in the 2026 midterms. MAGA Inc. could help him influence future elections and pressure Republican lawmakers, but fundraising may weaken as donors turn to other candidates and possible congressional investigations loom.Key Facts
- MAGA Inc. has raised nearly $450 million since the start of 2025, according to the article.
- The group spent more than $400 million on the 2026 midterms, according to a source familiar with its totals.
- MAGA Inc. had more than $164 million on hand as of Oct. 14, before further spending in the campaign’s final weeks.
- The group received large donations from cryptocurrency and AI industry donors, as well as Republican donors Elon Musk and Miriam Adelson.
- MAGA Inc. helped defeat Kentucky Rep. Thomas Massie in the 2026 Republican primaries.
- Republicans lost control of Congress amid voter anger over Trump’s war on Iran, high prices and corruption concerns.
- The article says possible congressional investigations into alleged pay-for-play arrangements could discourage donations.
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