The enormous spending by the term-limited president’s super PAC has no parallel in American history, and could offer struggling Republican candidates a lifeline.
Since returning to office, President Trump has raised hundreds of millions of dollars into his super PAC, MAGA Inc., including contributions from donors and corporations with business before his administration.
Billionaire ex-mayor of New York City is focusing funds on House races to help Democrats retake majority in midterms
The billionaire Michael Bloomberg will spend $80m to help Democratic candidates in the midterm elections, US media reported on Tuesday, a significant infusion of cash for a party that has recently struggled with fundraising as it seeks to win control of Congress.
The reported donations came as Donald Trump announced on Tuesday he intended to spend a total of $400m to aid Republican candidates, with $300m already disbursed.
Some lawmakers and commentators have turned their attention to the possibility that Republicans in Congress could try to block Democrats from assuming the majority.
The money from the former New York City mayor and megadonor, who is focused on ensuring a sizable Democratic House majority, will help cut into Republicans’ financial advantage.
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