According to campaign finance reports filed on the last day of January, Donald Trump and the PACs closely associated with him are burning through cash faster than they can rake it in putting his ability to run for re-election effectively at risk.
At the top of the list factors sucking up money? His mounting legal bills.
According to a report from Politico's Steven Shepard and Jessica Piper, in 2023 Trump and his people spent more than they raised driven "in part due to his legal woes."
The report notes that two of the entities tied to the former president spent $50 million to pay lawyers— an amount that surpassed "advertising, payroll or other typical campaign expenditures."
Shepard and Piper note that MAGA Inc. had to kick back tens of millions to Trump's leadership PAC to help with bills and that the bleeding has yet to stop.
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"Trump still has plenty of cash in the bank and the ability to raise more of it. But the legal spending highlights a real challenge for the former president entering the election year: he is diverting an increasing share of his resources from the campaign to address his legal woes. And that is likely to keep being costly," Politico is reporting.
You can read more here.
