Key events
Trump’s legal troubles leaving campaign broke – report
Donald Trump’s multiplying legal troubles are taking a toll on his campaign finances as he spends more and more on lawyers, the New York Times reports.
Trump’s Pac, Save America, has less than $4m in its account, down from the $105m it began last year with, the Times reports, citing federal records. So bad have its finances become that it has requested back $60m that it sent to a pro-Trump Super Pac, Make America Great Again Inc., which was supposed to spend the money on television ads.
Since the start of the year, Trump has been indicted by Manhattan district attorney Alvin Bragg on state charges of falsifying business records, and by special counsel Jack Smith for breaking federal law by allegedly keeping classified documents at his Mar-a-Lago resort, and by conspiring to keep them out of the hands of government archivists.
Trump has been told Smith may bring new charges against him related to his involvement in the January 6 insurrection, while, in Georgia, Fulton county district attorney Fani Willis said she will announce indictments in her investigation of Trump and his allies’ attempt to overturn the 2020 election sometime before September. The stage is set for Trump to continue paying huge legal fees for months, but he has one good thing going for him: his massive lead among Republican presidential candidates, which potentially could alleviate some of the damage done if he has to pullback on campaign spending.
Here’s more on his dire finances, from the Times:
The super PAC, which is called Make America Great Again Inc., has already sent back $12.25 million to the group paying Mr. Trump’s legal bills, according to federal records — a sum nearly as large as the $13.1 million the super PAC raised from donors in the first half of 2023. Those donations included $1 million from the father of his son-in-law, Charles Kushner, whom Mr. Trump pardoned for federal crimes in his final days as president, and $100,000 from a candidate seeking Mr. Trump’s endorsement.
The extraordinary shift of money from the super PAC to Mr. Trump’s political committee, described in federal campaign filings as a refund, is believed to be larger than any other refund on record in the history of federal campaigns.
It comes as Mr. Trump’s political and legal fate appear increasingly intertwined. The return of money from the super PAC, which Mr. Trump does not control, to his political action committee, which he does, demonstrates how his operation is balancing dueling priorities: paying lawyers and supporting his political candidacy through television ads.
Save America, Mr. Trump’s political action committee, is prohibited by law from directly spending money on his candidacy. When Save America donated $60 million last year to Mr. Trump’s super PAC — which is permitted to spend on his campaign — it effectively evaded that prohibition.
It is not clear from the filing exactly when the refund was requested, but the super PAC did not return the money all at once. It gave back $1 million on May 1; $5 million more on May 9; another $5 million on June 1; and $1.25 million on June 30. These returns followed Mr. Trump’s two indictments this year: one in Manhattan in March, and one last month in federal court.
Federal grand jury considering charging Trump over January 6 reconvenes ahead of potential indictment
Good morning, US politics blog readers. The wait continues to find out whether special counsel Jack Smith will indict Donald Trump over his involvement in the January 6 insurrection, and there are signs this morning a decision could come soon. CNN spotted grand jurors arriving at a federal courthouse in Washington DC where they’re considering evidence in the case, but there’s no telling when a decision could come.
Signs that Trump could be charged have been mounting. Last week, the former president said he had received a target letter from Smith, a step typically taken before someone is indicted. And yesterday, Trump said he expected charges to be filed “any day now”. But the winding legal saga has yet to dent his standing in the GOP, or even in the presidential race at large. New polling from the New York Times shows him crushing every other Republican candidate in the presidential nomination race, and tied with Joe Biden in the general election.
Here’s what else is happening today:
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Kamala Harris is heading to Orlando to address the 20th Women’s Missionary Society of the African Methodist Episcopal Church Quadrennial Convention at 2.15pm eastern time. We’ll keep an eye open if she reiterates her criticism of Florida’s new Ron DeSantis-backed school curriculum, which implies that slavery wasn’t so bad.
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Biden, meanwhile, continues his beach vacation in Delaware. He has no public events scheduled.
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Alabama lawmakers are raging over Biden’s decision to cancel US Space Command’s planned move to the state, Punchbowl News reports. The decision came amid Republican senator Tommy Tuberville’s ongoing blockade of military promotions in protest of the Pentagon’s abortion policy.
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