• By The Financial District

Trump Rakes In $102M For His Political Action Committees

Donald Trump's political organization entered July with nearly $102 million in cash reserves -- an unprecedented war chest at this stage in the election cycle for a former president--- according to new figures, Fredreka Schouten reported for CNN.

Photo Insert: Former President Donald Trump is filling up the war chest

While Trump's fundraising haul speaks of his continued ability to raise money from small-dollar donors online, as he trumpets baseless claims that election fraud led to his loss last year, the total amount collected is still way below the $289 million generated by Democrats for the second quarter of this year.

Trump's team said 3.2 million contributions flowed into the former President's political committees during the first six months of the year. In a statement, Trump once again complained of a "stolen" election and cited the donations as a sign that millions of Americans "share my outrage and want me to continue to fight for the truth."

Trump's fundraising apparatus includes two political action committees: Save America, a leadership PAC, and the Make America Great Again PAC, along with a separate joint fundraising committee.

Most of Trump's cash reserves are stockpiled in his Save America leadership PAC, with $90 million remaining in its accounts as of June 30, new filings show -- giving the Republican a large sum to unleash as his party seeks to seize control of the House and Senate in next year's midterm elections.

All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

Trump also has hinted at seeking the White House again in 2024, and the new numbers show he remains the GOP's dominant fundraising figure, despite losing the election and access to social media platforms.


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