Scoop: Trump's $2 billion fundraising binge

President Trump has raised about $1.9 billion from an array of corporate donors to help finance his political committees, White House construction projects and celebrations of the nation's upcoming 250th anniversary, sources tell Axios.Why it matters: No president has raised so much money, so quickly, for so many different reasons. And there's more to come, aides say."The midterms are paid for," a source briefed on Trump's fundraising operations told Axios."He's been at this since taking office and he's not stopping."Zoom in: Trump's second-term fundraising began with his inaugural ball, transitioned to his MAGA Inc. super PAC and Secure America political nonprofit, and then focused in recent months on the new ballroom and White House renovations."He over-fundraised for the ballroom, about $350 million," a second source said. The money flowing toward Trump's projects comes from a who's who list of top corporate donors, drawing criticism and raising ethics concerns.What's next: Trump's obsession with the ballroom and White House renovations is giving way to a focus on building a new arch at the entrance to Washington at the terminus of the Memorial Bridge, which leads to Arlington National Cemetery.The arch's estimated cost: $100 million."It's what he's talking about," said a confidant who spoke with the president recently as he considered models of differently sized arches."There's a small arch. A middle arch. A large arch. And he likes the large one, of course, as long as it's big and gold and white."Inside the room: Trump's unquenchable thirst for fundraising has stretched him thin at times.On Saturday, just two days after returning from a grueling multistop trade mission to Asia, he held a fundraiser at Mar-a-Lago and pulled in an estimated $10 million, an adviser said."He was exhausted. But he just wanted to keep going. After dinner, he played DJ on the patio," the adviser said, noting that Trump had played golf earlier in the day, hours after a Friday night Halloween ball from the night before."$10 million used to seem like a lot of money. Now it's like a ho-hum night."What we're watching: With the nation's 250th birthday approaching next July 4, Trump will probably squeeze more donors for the semiquincentennial celebration."Donors should get ready," the confidant said. "He's coming for more. Sky's the limit."

Comments

World news

Toronto synagogue is hit for 10th time. The rabbi has thoughts

National Post

Comments

Similar News

Scoop: Trump readying "living hell" for GOP senators over nuking filibuster

Scoop: U.S. seeks UN approval for Gaza security force with broad two-year mandate

Scoop: Trump orders more Venezuela briefings for Congress

Scoop: Trump pours millions into Virginia, New Jersey races

Scoop: U.S. offered Hamas militants safe passage out of Israel-controlled Gaza zone

Scoop: Stefanik set to launch bid for N.Y. governor in '26

Scoop: U.S. pushing to finalize plan for international Gaza security force

Scoop: GOP senator pushes Vance for help on Trump

Scoop: White House pulls Joel Rayburn's nomination for top State job

Scoop: Graham Platner's campaign manager and longtime friend quits

Scoop: Homan says fentanyl as WMD "at least" merits discussion

Scoop: Infuriated Democrats ramp up battle with Mike Johnson over seating Grijalva

Scoop: Democrats press Trump on preventing Israel from annexing West Bank

Scoop: Ted Cruz's phone records targeted by Jack Smith in Trump invstigation

Scoop: Schumer cancels Southeast Asia trip amid shutdown

Scoop: Dems plot Fetterman ouster

Scoop: Dozens of Democratic House candidates won't commit to backing Hakeem Jeffries

Scoop: Trump, allies to boost GOP candidate for N.J. governor

Scoop: Direct meeting between Trump envoys and Hamas leaders sealed Gaza deal

Scoop: Trump administration warns of "insufficient funds" for food stamps if shutdown continues

World news

Toronto synagogue is hit for 10th time. The rabbi has thoughts

Best gifts under $50 that look expensive

Toronto-area home sales down 9.5 per cent in October from last year

Ile d'Oleron attack: Driver rams into pedestrians and cyclists on French holiday island

Barabak: Proposition 50 is a short-term victory against Trump. But at what cost?

Typhoon Kalmaegi: Thousands evacuated from Philippines as deadly tropical storm hits

How California’s Proposition 50 ‘redistricting’ measures could help win back the House at the mid-terms

What to know about the Supreme Court arguments over Trump's tariffs

Five biggest takeaways from Democrats’ blue tsunami election night that should have Trump worried

Election results live: Trump left to lick wounds as Mamdani and Newsom savor huge night for Democrats

Trump admin blows up another boat it claims was carrying narcotics and kills two men without providing any evidence

$500m in assets seized from mysterious crypto scam billionaire

Switzerland wants ‘fifth language’ to join UNESCO cultural heritage list

Putin to shell out nearly £1,000,000,000 on prosthetic limbs for wounded soldiers

Japan sends in troops to combat wave of deadly bear attacks

British yoga teacher arrested ‘for hosting £10 tantric sex classes behind restaurant’

How would Zohran Mamdani&#8217;s dream economy actually work?

The most horrifying religion case to hit the Supreme Court in years is also one of the hardest

Ford doesn’t regret ending Starlink contract, even with Ontario missing broadband target

COMMENTARY: The 2025 Budget bets big on productivity but only time will tell if it works

When Trump’s aid cuts robbed them of HIV drugs, these people died. Now the UK is poised to slash funding further

Who is Rama Duwaji? What Zohran Mamdani’s wife has said about Gaza and ICE as he’s elected NYC mayor

Flight tracker shows moment of ‘catastrophic’ UPS plane crash

Car ploughs into crowd on French holiday island with driver ‘shouting Allahu Akbar’

Government shutdown now longest ever as Trump demands Republicans ‘get back to passing legislation’

Udogie receiving support from Tottenham after alleged gun incident

Did Curtis Sliwa cost Andrew Cuomo the mayoral election?

Moment plane erupts in fireball at Kentucky airport, killing at least seven people and sparking huge blaze

Trump issues four-word response after NYC mayor-elect Zohran Mamdani declares ‘mandate for change’

Moment UPS plane crashes near Kentucky airport caught on CCTV

Ball of fire erupts after UPS plane crashes during takeoff

‘Trump’s worst nightmare’: New York mayor Zohran Mamdani’s political positions, from ICE to Israel

Winnipeg Jets blanked 3-0 in Los Angeles as Lowry returns to lineup

Mamdani sends four-word message to Trump in victory speech

In pictures: Young Syrian artists transform war ruin into mural of remembrance

Newcastle have lost what made them so formidable

Fears for F-35s as Britain lags behind in race to stockpile rare earth metals

Jamie-Lee O’Donnell: Moving to Spain has sorted me out mentally

I had a lover when my husband had dementia – it helped me survive the horror

The problem we need to fix if we want Gen Z to have more children

I’m a fervent feminist, but it’s time we praised decent men too

The Italian region with craft breweries, historic towns and hiking trails

Covid jabs gave under-18s heart problems – but were less risky than catching virus

Mexican cartels are sending criminals to Ukraine to train them in drone warfare

This is how long it takes to get the state pension after retirement

As world leaders enter climate talks, people in poverty have the most at stake

Sandro Mamukelashvili settles in with Raptors

Morocco jails man for trafficking countrymen to Myanmar scam compound

Massive fireball erupts as UPS plane crashes at Kentucky airport, leaving 7 dead

Israel identifies remains of hostage handed over by Hamas in Gaza

Californian voters back new congressional map to boost Democrats in response to Texas ‘gerrymandering’

US sanctions bankers it says launder cybercrime money to pay for North Korea’s nuclear weapons

Zohran Mamdani's rise: From Queens lawmaker to New York City mayor

Reddit and Kick among major platforms added to Australia’s world-first social media ban for children

Trump ducks blame after big election night losses for Republicans from coast to coast: ‘Wasn’t on the ballot’

How to Stop the Genocide in Sudan

Why Zohran Mamdani’s victory will resonate beyond New York City

How would Zohran Mamdani’s dream economy actually work?