Trump's Campaign Cash Remains Hoarded as Midterms Nearing

With midterms approaching, President Trump retains his war chest while MAGA Inc. funds battleground races.

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As of 2026-09-01 09:59 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.

With less than two months remaining before the midterm elections, President Donald Trump is retaining most of his war chest instead of spending it on the campaign. ^[1] Campaign finance filings show that MAGA Inc. held more than $403 million at the close of July, having raised an additional $3 million during the month while spending almost nothing. ^[2] In Texas, Democratic nominee James Talarico has raised more than $68.5 million compared to Republican Attorney General Ken Paxton's $9 million. ^[3] MAGA Inc., a political action committee, financed a campaign event for Vice President JD Vance in Michigan on Monday, marking a rare expenditure in a battleground state. ^[4] Sen. John Kennedy, a Louisiana Republican, stated on Fox News that the party needs help from the president and is hoping he spends $100 or $200 million in Texas. ^[5] Louisiana Republican Senator John Kennedy told Fox News that he hopes President Trump will spend $100 or $200 million in Texas but noted he has not committed to it yet. ^[6]

What this stands on

With less than two months remaining before the midterm elections, President Donald Trump is retaining most of his war chest instead of spending it on the campaign. · WJXT News4JAX

Campaign finance filings show that MAGA Inc. held more than $403 million at the close of July, having raised an additional $3 million during the month while spending almost nothing. · The Independent

In Texas, Democratic nominee James Talarico has raised more than $68.5 million compared to Republican Attorney General Ken Paxton's $9 million. · WJXT News4JAX

MAGA Inc., a political action committee, financed a campaign event for Vice President JD Vance in Michigan on Monday, marking a rare expenditure in a battleground state. · The Independent

Sen. John Kennedy, a Louisiana Republican, stated on Fox News that the party needs help from the president and is hoping he spends $100 or $200 million in Texas. · The Independent

Louisiana Republican Senator John Kennedy told Fox News that he hopes President Trump will spend $100 or $200 million in Texas but noted he has not committed to it yet. · WJXT News4JAX

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