Musk donates $5M to Trump super PAC
From The Hill: Despite public disagreements online, Elon Musk is still providing financial support to President Trump’s Super PAC. He gave $5 million to MAGA Inc., Trump’s primary Super PAC, in June, the same day he gave the same amount to the Senate Leadership Fund and Congressional Leadership Fund, the main Super PACs supporting Republican candidates for Senate and House. The amount is still significantly lower than the total of nearly $250 million Musk spent supporting Trump’s 2024 campaign.
Who is leading the money race heading toward 2026?
From OpenSecrets: Fundraising reports for the first half of 2025 show how candidates for House and Senate are raising money for the 2026 midterms. Of the top 5 highest-raising candidates for Senate nationwide, the top 4 are Democrats, with Senator Jon Ossoff of Georgia in the lead with more than $21 million raised in 2025. Democrats also make up 3 of the 5 highest-raising candidates for House.
Trump Donor Pleads Guilty to Bilking People Who Wanted Access and Visas
From The New York Times: Sherry Xue Li, a donor who has given hundreds of thousands of dollars to Republican candidates and organizations, pleaded guilty to money laundering conspiracy and conspiracy to defraud the United States after admitting to a scheme that involved funneling money from foreign nationals to political campaigns. Ms. Li and her business partner, Lianbo Wang, received more than $30 million from foreign nationals who thought they were investing in an educational center and would receive green cards for their investment. Instead, Li used the money to make political contributions to Republicans, including a fundraising dinner with President Trump, and to cover personal expenses.
New filings reveal how top Dems are preparing possible 2028 runs
From POLITICO: Potential Democratic candidates for President in 2028 are already starting to gear up for the election, engaging fundraising operations and running ads. The biggest spender is Former Transportation Secretary Pete Buttigieg, whose leadership PAC has already raised over $1.6 million dollars. Some Democratic governors have also raised hundreds of thousands of dollars. One major expense for potential campaigns is purchasing lists of potential donors so that they can begin to raise large amounts of money when they officially launch, potentially right after the 2026 midterm elections.
