• The Financial District

GOP SEEKS $60M TO FUND TRUMP’S LEGAL CHALLENGES

Republicans are trying to raise at least $60 million to fund legal challenges brought by President Donald Trump over the US presidential election’s results, three sources familiar with the matter said, Jarrett Renshaw, Aram Roston and Steve Holland reported for Reuters.

Trump’s campaign has a filed a flurry of lawsuits in several states over the election results, as Democratic challenger Joe Biden victories in battleground states led to his having won the White House.


“They want $60 million,” said a Republican donor who received solicitations from the campaign and the Republican National Committee (RNC). Two other sources said the campaign wanted as much as $100 million for the joint fundraising committee it maintains with the RNC, a sign of the scale of legal fight the campaign expects to mount.


All three sources spoke to Reuters about the requests for money on condition of anonymity due to the sensitivity of the matter. The Trump campaign and the RNC did not immediately respond to requests for comment. The call for funds comes as the Trump and Biden campaigns gird for a potentially protracted legal battle over the election. Since Biden was proclaimed, the Trump campaign has sent out email and text solicitations alleging foul play and seeking donations. Trump, who started the race with a strong financial advantage, ended his campaign struggling to keep up with the Biden fundraising juggernaut. A Trump adviser described the campaign’s litigation strategy thus far as chaotic, disorganized and a “disservice to the president.”




Register for Newsletter

  • LinkedIn
  • Instagram
  • YouTube

WHERE BUSINESS CLICKS

@2020 by The Financial District