A merger deal involving former President Trump’s Truth Social platform is the latest financial twist in the White House race as he looks to close the fundraising gap with President Biden.
Biden’s campaign operation has been significantly outraising Trump’s a couple of months into 2024 even as polls show a close race nationally with Trump leading in key states. Trump is also facing significant financial hurdles as his criminal cases drain millions of dollars that could be used to help his campaign. Meanwhile, he faces a Monday deadline to put up almost half a billion dollars for a bond in the civil trial involving his business.
Trump, for his part, has pushed back on reports of his financial struggles. On Friday, he said he has more than $500 million in cash, conflicting with his attorneys who said he doesn’t have enough to cover the $454 million bond he must submit. …