Trump secures record-shattering $1.4B for political war chest; will be 'dominant force' for GOP in midterms
EXCLUSIVE: President Trump has secured commitments for a record-shattering $1.4 billion since Election Day 2024, Fox News Digital has learned, with advisors saying he will be "an even more dominant force" for Republicans in the 2026 midterms.
The president's political operation, including the cash-on-hand at the Republican National Committee, has raised a historic $900 million since November, and commitments that will bring the total to more than $1.4 billion.
Fox News Digital has learned that the funds will be used to help Republicans to keep the House and Senate majorities.
Republicans currently control the House with a 220-215 majority, and control the Senate with a 53-47.
Sources say the funds will also be used for whatever the president deems "necessary and appropriate."
"After securing a historic victory in his re-election campaign in 2024, President Trump has continued to break records, including fundraising numbers that have positioned him to be an even more dominant force going into the midterms and beyond," President Trump's senior advisor and National Finance Director Meredith O'Rourke told Fox News Digital.
The president headlined a major donor event in Washington D.C. in April for the National Republican Congressional Committee (NRCC), which is the House GOP's campaign arm. That fundraiser hauled in at least $10 million for the NRCC, a source familiar with the event told Fox News.
In March, Vice President JD Vance was tapped to serve as the RNC Finance Chair—the first time in the history of the GOP that a sitting vice president served in the role.
Vance pledged to work to "fully enact the MAGA mandate" and grow the Republican majority in Congress in 2026.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
36 minutes ago
- Yahoo
Oil rises and Europe's markets open lower after US strikes on Iran
Investors reacted to US strikes on Iran over the weekend as Iran and Israel continued to trade missile fire on Monday morning. The price of Brent crude oil rose around 1.53% to $78.19 a barrel as of around 7.15 CEST, while WTI rose 1.48% to $74.93 a barrel. On Sunday, US forces attacked three Iranian nuclear and military sites, stating that Tehran must not be allowed to possess a nuclear weapon. President of Iran Masoud Pezeshkian said that the country "will never surrender to bullying and oppression", while Iranian foreign minister Abbas Araghchi has arrived in Moscow for talks with Russian president Vladimir Putin. European markets opened in the red on Monday as investors digested the news. The FTSE 100 was down 0.28% to 8,749.98, the CAC 40 fell 0.66% to 7,539.68, the DAX slipped 0.55% to 23,222.90, while the FTSE MIB dropped 0.97% to 38,852.55. The STOXX 600 fell 0.28% to 535.03 while the EURO STOXX 50 dropped 0.26% to 5,220.02. Over in the US, futures for the S&P 500 slipped 0.13% to 6,010.25 and Dow Jones Industrial Average futures dropped 0.2% to 42,431.00. Nasdaq futures fell 0.18% to 21,804.50 on Monday morning. In Asian trading, Tokyo's Nikkei 225 index fell 0.19% to 38,331.12, the Kospi in Seoul dropped 0.3% to 3,012.88, and Australia's S&P/ASX 200 declined 0.37% to 8,474.40. Hong Kong's Hang Seng and the Shanghai Composite Index were in positive territory, with respective gains of 0.35% to 23,611.68 and 0.13% to 3,364.29. Related Energy in Europe is also at stake as Israel-Iran conflict escalates Israel-Iran conflict fuels best month for energy stocks since 2022 The conflict, which flared up after an Israeli attack against Iran on 13 June, has sent oil prices higher linked to Iran's status as a major oil producer. The nation is also located on the narrow Strait of Hormuz, through which much of the world's crude oil passes. Investors are concerned that Tehran might decide to bomb oil infrastructure in neighbouring countries or block tankers from travelling through the Strait of Hormuz. Shipping company Maersk said on Sunday that it was continuing to operate through the strait, adding: "We will continuously monitor the security risk to our specific vessels in the region and are ready to take operational actions as needed." According to vessel tracking data compiled by Bloomberg, two supertankers Coswisdom Lake and South Loyalty U-turned in the Strait of Hormuz on Sunday. The situation now hinges on whether Tehran decides to opt for aggression or a more diplomatic response to US and Israeli strikes. Iran could attempt to close the waterway by setting mines across the Strait or striking and seizing vessels. Even so, this would likely be met by a forceful response from the US navy, meaning the oil price spike may not be sustained. Some analysts also think Iran is unlikely to close down the waterway because the country uses it to transport its own crude, mostly to China, and oil is a major revenue source for the regime. If Tehran did successfully close the Strait, this would cause a wider price spike for transported goods and complicate the deflationary process in the US, potentially keeping interest rates higher for longer. On Monday morning, Trump also floated the possibility of regime change in Iran. "If the current Iranian regime is unable to make Iran great again, why wouldn't there be regime change?" said the US president on Truth Social. Vice president J.D. Vance had commented earlier that the administration did not seek regime change in Iran. Sign in to access your portfolio
Yahoo
36 minutes ago
- Yahoo
Oil price drops, shares jump as Trump announces Israel-Iran ceasefire
Stocks rallied on Tuesday after US President Trump said that a "complete and total ceasefire" between Iran and Israel would take effect in the coming hours. Iran's foreign minister denied that an official ceasefire agreement had been reached, but noted that Tehran would not continue its attacks as long as Israel halted its 'aggression'. At the time of writing, Israel had yet to comment. The truce, which Trump is labelling the end of the '12-day war', came after Iran attacked a US base in Qatar on Monday, retaliating against the US bombing of its nuclear sites over the weekend. In response to Tuesday's development, oil prices dropped as fears over a blockage to the Strait of Hormuz subsided. About 20% of global oil and gas flows through this narrow shipping lane in the Gulf. Brent crude, the international standard, dropped 3.83% to $68.74, while WTI dropped 3.85% to $65.87. Last week, Brent reached over $78 a barrel, a level not seen since the start of this year. Related Why the Strait of Hormuz remains critical for the global economy The dollar sees a rebound after US strikes Iran, but can it continue? European markets opened in the green. The DAX was 1.99% higher at 23,730.98, the CAC 40 was up 1.71% at 7,666.69, while the FTSE 100 rose 0.81% to 8,828.83 in morning trading. The STOXX 600 increased 1.48% to 542.93, while the EURO STOXX 50 rose 1.9% to 5,320.97. Looking to the US, S&P 500 futures rose 0.97% to 6,135.75 on Monday, while Dow Jones futures increased 0.89% to 43,284.00. Australia's S&P/ASX 200 jumped 0.89% to 8,550.10, South Korea's Kospi rose 2.75% to 3,097.28, and the Shanghai Composite index climbed 1.07% to 3,417.89. Hong Kong's Hang Seng rose 2% to 24,162.70 and the Nikkei 225 increased 1.16% to 38,796.39. The US Dollar Index slipped by 0.32% to 98.10. The euro gained 0.25% against the dollar while the yen dropped 0.48% in comparison to the greenback. Economists had suggested that persistent threats to oil would increase the value of the US dollar and hurt other currencies such as the euro, notably as the US economy is more energy independent. Greg Hirt, chief investment officer with Allianz Global Investors, told Euronews earlier this week that although the dollar may see a short lift on the Iran-Israel conflict, 'structural issues around a twin deficit and the Trump administration's volatile handling of tariffs should continue to weigh on an overvalued US dollar'. Error while retrieving data Sign in to access your portfolio Error while retrieving data
Yahoo
36 minutes ago
- Yahoo
Dollar General (DG) Delivers Market-Beating Returns in 2025
Dollar General Corporation (NYSE:DG) is one of the Best Dividend Stocks of 2025, surging by more than 49% since the start of the year. A busy shopping aisle filled with discounted items in a retail store. After experiencing several years of declining market share to competitors like Walmart and weakening profits, DG faced challenges in its stock performance. However, the company's 'Back to Basics' turnaround plan, combined with economic disruptions from the trade war, played a key role in restoring both revenue and profit growth. This recovery was reflected in a 16% single-day surge in the stock following the release of its fiscal first-quarter earnings in early June. In the first quarter of 2025, Dollar General Corporation (NYSE:DG) reversed its profit decline trend, reporting a gross margin increase of 78 basis points to 31.0%, driven by lower shrink and higher inventory markups. On the other hand, selling, general, and administrative expenses rose by 77 basis points to 25.4%, mainly due to increased labor costs, higher incentive payouts, and spending on repairs and maintenance. Analysts believe that Dollar General Corporation (NYSE:DG) remains well-positioned for further growth, supported by ongoing store openings and updates to current locations through its Project Elevate and Renovate initiatives. The company offers a quarterly dividend of $0.59 per share and has a dividend yield of 2.10%, as of June 26. While we acknowledge the potential of DG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure. None. Sign in to access your portfolio
