WORLD

Trump vows to spend $400m on midterms as election nears

by
Kim Young-chul
Published : Oct. 21, 2026 - 06:48:46
    • Copy Completed!

View Korean Original

After $300 million already spent, Trump pledges $100 million more for ads, rallies and election integrity

President Donald Trump waits to speak alongside Mike Mazei, the Republican gubernatorial candidate for Oklahoma, at a campaign rally held at the Choctaw Event Center in Durant, Oklahoma, on Oct. 1 (local time). [Getty Images]
President Donald Trump waits to speak alongside Mike Mazei, the Republican gubernatorial candidate for Oklahoma, at a campaign rally held at the Choctaw Event Center in Durant, Oklahoma, on Oct. 1 (local time). [Getty Images]

Trump's every word moves global markets and economies. The Herald Business international desk, up and running from 5 a.m., delivers a daily digest — from Wall Street closing figures to the Trump news most likely to shake global asset markets — so you can catch up in just one minute. Subscribe to the newsletter on The Herald Business website.

With the US midterm elections two weeks away, President Donald Trump said Tuesday (local time) that he has already spent $300 million supporting Republican candidates and plans to spend an additional $100 million before Election Day, bringing his total commitment to $400 million.

Trump made the announcement on his Truth Social platform. "Because of my belief in the Republican Party and all of our policies and principles, and especially after witnessing what is happening in France and other parts of Europe, I have spent or will spend over $400 million in connection with what I consider to be the most important midterm election in the history of our country," he wrote.

Trump said more than $300 million had already gone toward "advertising, direct and indirect voter contact, campaign rallies, campaign venues, phone banking, get-out-the-vote programs, election integrity and other activities."

He added that it was "a great honor" to do so on behalf of the Republican Party, which he said had "done so much to bring our country back from the brink of obliteration."

Trump did not specify the source of the $400 million total, but the figure appears to refer to funds raised by MAGA Inc., a super PAC that backs him. Trump has described the money as "my money that I control," though legally it does not belong to him personally.

According to the Federal Election Commission, MAGA Inc. held a cash balance of $415.78 million as of the end of August, funded primarily by large donors.

Trump's emphasis on the scale of his financial commitment is widely seen as an effort to boost morale among Republican candidates and campaigns struggling against Democratic opponents in congressional races.


yckim6452@heraldcorp.com
This content was produced with the assistance of AI translation services.

MOST READ