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[BOREALIS]

Trump faces potential fundraising problem as megadonors jump ship

by Karl Evers-Hillstrom - 11/19/22 5:57 AM ET

Former President Trump could face a surprising problem as he mounts his 2024 campaign: a cash crunch as wealthy megadonors gravitate toward Florida Gov. Ron DeSantis (R) and other potential contenders. 

A loyal army of small-dollar donors will power Trump’s presidential bid, potentially making up for the exodus of billionaire backers, but they’ve shown signs of scaling back their giving. 

And while Trump’s political machine is starting off with a war chest of more than $110 million, federal law prevents him from using most of that money to advance his White House campaign.

Meanwhile, Trump’s political committees are shelling out huge sums on his legal defense, totals that only seem likely to rise after the Department of Justice on Friday appointed a special counsel to oversee probes into him.

GOP megadonors abandon Trump

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https://thehill.com/homenews/campaign/3742334-trump-faces-potential-fundraising-problem-as-megadonors-jump-ship/