Trump uses hush money trial to squeeze small donors, court big spenders
- Republican presidential candidate Donald Trump is using his hush money trial to squeeze his loyal army of small donors and personally lobby major backers as he scrambles to reduce a major fundraising disadvantage with Democratic President Joe Biden.
There are early warning signs that Trump's small-donor base may be flagging, suggesting Trump may have to rely more heavily on major donors ahead of the Nov. 5 rematch against Biden. But, after initial fundraising spikes off the back of early court appearances last year, donations have slowed as charges accumulated in more cases.
The Trump campaign did not respond to a request for details on its fundraising strategy. It is due on Saturday to report on its finances through March.Given Biden's financial advantage and Trump's spiraling legal costs, Trump is increasingly focused on landing big checks. An April 6 fundraiser at hedge fund manager John Paulson's Palm Beach home, which Trump's campaign said raised more than $50 million, attracted heavy-hitter co-hosts including hedge-fund investor Robert Mercer (NASDAQ:Some longtime Republican donors remain reticent to back Trump, however, often citing what they see as his erratic personality or the Jan. 6 attack on the U.S. Capitol by his supporters as their main stumbling points.
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