Former President Donald Trump launched new campaign committee for his 2024 presidential bid
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November 17, 2022
$111.7 million in the bank, but only $13.5 million in the tank: How Trump can and cannot use his political operation’s cash
Most of the $111.7 million former President Donald Trump’s political operation reported on hand as of Oct. 19 won’t be available for his reelection campaign.
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American Israel Public Affairs Committee backed candidates won midterm races following big spending by group’s super PAC
Most of the AIPAC-backed candidates won their U.S. House bids this election cycle, with a few notable exceptions.
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Megadonor no more: Sam Bankman-Fried spent his way into the good graces of Washington then lost it all
Bankman-Fried’s pledge to spend up to $1 billion during the 2024 election cycle likely won’t come to pass, as his $16 billion fortune was wiped out almost overnight.
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2020 election objectors overwhelmingly won reelection, but most raised less money than the average incumbent Republican
Only two dozen election objectors raised more than the average of $2.6 million for incumbent Republicans running for reelection in the House this cycle.
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Incumbents and top fundraisers largely victorious in costly elections for attorney general
Candidates in the 30 states that held elections for attorney general this year raised more than $161 million and set fundraising records in nine states.
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Election objectors in Congress received more than $61 million from corporate PACs and industry trade groups
Corporate PACs and industry trade groups poured more than $61 million during the 2022 election cycle into the campaigns and leadership PACs of GOP election objectors.
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OpenSecrets in the News
See our media citations from outlets around the nation this week:
** A Rare Win in the Fight Against Dark Money (The New Yorker) ([link removed])
As Sheila Krumholz, the executive director of the nonpartisan group OpenSecrets, recently told the Times, “We’ve broken records with our broken records.” Her organization estimated that total spending in the 2021 and 2022 midterm races would reach $16.7 billion, easily surpassing the previous midterm record of fourteen billion dollars, set in 2018.
** U.S. intelligence report says key gulf ally meddled in American politics (The Washington Post) ([link removed])
Other reform proposals include increasing disclosure requirements, providing more resources to the Justice Department’s foreign influence unit and standardizing filing data, said Anna Massoglia, a foreign-influence expert at OpenSecrets, an organization that tracks political spending,
** As U.S. moves on from the elections, Georgia gears up for another one. (The New York Times) ([link removed])
One certainty: The runoff, on Dec. 6, won’t be cheap. The candidates and their allies have already spent more than a quarter of a billion dollars on the Georgia contest this cycle, according to OpenSecrets, a research group that tracks money in politics.
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** AZ Central ([link removed])
** Responsible Statecraft ([link removed])
** Maine Public Radio ([link removed])
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4 star rating for 9 consecutive years
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