Wednesday, May 4, 2016

BREAKING: Trump Will Not Self-Fund His General Election Campaign

Donald Trump just told CNN's Wolf Blitzer that he will not self-fund his general election presidential campaign. He will set up a team to seek donations, he said.


WSJ reports:
For a campaign expected to cost more than $1 billion, “I’ll be putting up money, but won’t be completely self-funding, as I did during the primaries,” Mr. Trump said on Wednesday....

Mr. Trump is planning to use his expansive personal Rolodex to ensure his campaign has the resources to compete against likely Democratic nominee Hillary Clinton in November, while the campaign will tap into a new base of Trump supporters who aren’t on party rolls, two Trump advisers said....

The campaign is also beginning to work with the Republican National Committee to set up a joint fundraising vehicle, after his last two rivals—Texas Sen. Ted Cruz and Ohio Gov. John Kasich—dropped out in the wake of Mr. Trump’s resounding Indiana win on Tuesday. He plans to actively help the Republican Party and other GOP candidates with fundraising through events, direct-mail and online appeals, an aide said...

“Donald generated such broad-based support that we’re looking to tap into existing party members as well as the new people that have joined the party for him,” said Steven Mnuchin, CEO of Dune Capital Management LP, named as Trump campaign national finance chair, on Wednesday.

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