Trump's super PAC builds $300 million cash stockpile, fueling unrivaled fundraising pace
Source: msn/CNN
11h
A super PAC aligned with President Donald Trump has built more than $304 million in cash reserves that it can deploy to help shape this year’s midterm elections, according to information released Friday by the political committee.
MAGA Inc.’s massive stockpile underscores the unrivaled fundraising by a president who cannot seek another term but has seen individuals and companies with interests before the government open their wallets to advance his agenda since his return to the White House.
Greg Brockman, the co-founder of OpenAI, donated $25 million to the super PAC in September. His contribution accounted for nearly one-quarter of the roughly $102 million that MAGA Inc. reported raising between July 1 and December 22, according to new filings with the Federal Election Commission.
Trump has emerged as a champion of the nascent artificial intelligence industry and has pushed to accelerate innovation in the field. Last month, he issued an executive order that seeks to block states from enforcing their own AI rules.
Read more: https://www.msn.com/en-us/news/politics/trump-s-super-pac-builds-a-nearly-300-million-cash-stockpile-fueling-unrivaled-fundraising-pace/ar-AA1TtmJn
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