| Trump's legal fund is worse than broke --it owes millions On Friday, new reporting revealed that President Donald Trump's legal fund is in massive debt. According to its latest FCC filings, Save America PAC -- which Trump created largely to pay for his election denial court battles following his election loss in 2020 -- owes just shy of $2 million. As the Hill explains, the fund has been spending money faster than it's paid down its debts. According to the outlet, Save America PAC 'spent more than $5.4 million in the third quarter and had spent more than $14 million from the start of the year through September, per its quarterly filing to the FEC. At the start of the year, the president had nearly $1.2 million on hand. The fund had roughly $673,000 as of the end of June. But as of the end of the third quarter, it had less than $33,000.' As that cash on hand has plummeted, its debts have remained a persistent problem, and it now owes more than $1.9 million to legal firms. |
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At www.alternet.org from AlterNet
At www.alternet.org from AlterNet
