Trump Is Facing Major Financial Issues: Here Is What He Can Do

Over the past several months, Trump has spent millions of dollars of his campaign funds on his trial, and now, it seems he may not have enough for the final months of the 2024 election.

However, Donald Trump has spent 1,700 times that in his court proceedings. According to Bloomberg, his criminal case has cost the former president $51.2 million in legal expenses (so far.)

Instead, the former president and current candidate is dipping into his campaign funds to pay for the incredibly expensive court case.

Which applies to Donald Trump’s current situation, as he is being tried for being “part of an illegal conspiracy to undermine the integrity of the 2016 election.” The presidential race, which he then won, and therefore, “such expenses would not have occurred had the individual not been a candidate.”

As previously mentioned, Trump has already spent $51.2 million from his funding, and he can still use another $23.5 million over the coming months if he chooses to. But that will leave the presidential candidate all but broke as the race is at its most intense.

While this is certainly the most any two candidates have spent on an election, the truth is that presidential campaigns have always been wildly expensive. In order to fund them, both the democratic and republican candidates have their own organizations, known as the Democratic National Committee and the Republican National Committee (the DNC and RNC respectively,) that raise money for them.

Both of these groups, known as political action committees or PACs, have raised tens of millions of dollars for the presidential candidate. But he is using quite a lot of what they’ve accumulated on the trial.

Then, during the first half of 2023, they raised an additional $15 million but used $30 million, $9.9 million of which was allocated for legal fees. According to CNBC, the organization now has only $3.6 million left.

So, while it’s impossible to say exactly how much money Trump has left from both his PACs, it’s becoming increasingly clear that it’s not enough to successfully run for president.

Trump has made it clear that he believes the RNC isn’t doing enough, and specifically, that chairwoman Ronna McDaniel has been slacking in her fundraising duties.

So, the good news for Biden is that the entire $97 million that the DNC was able to raise in 2023 will all be used for the upcoming presidential race. Meanwhile, Trump is running out of money and fast.

Chris LaCivita, senior advisor to the Trump campaign explained, “Our mission is straightforward – maximize the Republican Party’s resources to get President Trump elected.”