Bible salesman and former US President Donald Trump on Monday posted a $175 million bond in his New York civil fraud case, wriggling himself out of a tricky financial situation — for now, at least.
But with Trump’s legal woes far from over, a big question looms over his 2024 campaign: Where is he going to find more money? Recent polling shows Trump with a narrow lead over President Joe Biden. But when it comes to campaign fundraising, Biden is leaving Trump in the dust in terms of both large contributions and small individual donations under $200. At the end of February, Biden’s campaign boasted $71 million cash on hand, while Trump’s campaign had $33.5 million. Last Thursday, Biden raked in $25 million with a single event, more than Trump raised in all of February.
Meanwhile, Trump has used tens of millions of dollars of donations from his supporters to pay for his legal fees, largely through the Save America PAC. But these accounts are running dry. In February, Save America spent more on Trump’s legal costs than it raised.
What’s Trump to do? Trump’s allies are hoping to raise over $33 million for his campaign and the RNC at an April 6 fundraiser in Florida. But given Trump has a fundraising deal with the RNC that will see a portion of donations directed to Save America, wealthy Republican donors may be reluctant to cough up money that could end up going toward his legal costs — and not the GOP’s success come November.Mastercard Economic Institute's Outlook 2026 explores the forces redefining global business. Tariffs, technology, and transformation define an adaptive economy for the year ahead. Expect moderate growth amid easing inflation, evolving fiscal policies, and rapid AI adoption, driving productivity. Digital transformation for SMEs and shifts in trade and consumer behavior will shape strategies worldwide. Stay ahead with insights to help navigate complexity and seize emerging opportunities. Learn more here.
At the 2026 World Economic Forum in Davos, entrepreneur Strive Masiyiwa warned that artificial intelligence is advancing faster than the global leadership needed to manage it.
On Thursday, Ukraine’s energy minister said that the power grid suffered its most difficult day since Russia’s full-scale invasion in 2022.
On Friday, US officials warned the transitional council in charge of Haiti not to remove interim Prime Minister Alix Didier Fils-Aimé, ahead of a deadline for the council to step down on Feb. 7.