WASHINGTON — President Trump has secured $1.4 billion in financial commitments since winning the 2024 election — filling his war chest to help Republicans keep the House and Senate in next year’s midterms, a source close to the commander in chief told The Post Thursday.
Trump started raising the funds “the day after” he defeated then-Vice President Kamala Harris to become the 47th president, this person said.
The pledges come from several initiatives, including the Republican National Committee and Trump’s super PAC, Make America Great Again, Inc.
Trump has hinted at having a large reserve of political cash in recent months and vowed to help out his allies however he can in their races against Democrats come 2026.
“You know, in presidential races, they say when you win the presidency, usually the midterms don’t go well?” Trump, 79, asked Republican governors in the nation’s capital this past February before predicting: “I think we’re going to do great.”
The president’s party has lost seats in the House of Representatives in all but two midterm elections since 1938 — with 1998 and 2002 the lone exceptions.
The party that holds the White House has had better luck in the Senate during midterms, gaining seats on six occasions over the same period — including in 2018 and 2022.
“I think we’re going to really increase our margins by a lot,” Trump predicted in February, saying the GOP had raised $608 million in the first three weeks of his second term and claiming that he was going to “keep bugging” donors up until the midterms to provide more cash.
“So we’ve got that money, and I got to spend it somewhere … if I can’t spend it on me, I guess that means I’m going to be spending it on some of my friends, right?” the president told the governors. “A lot of my friends.”
The person close to Trump called the $1.4 billion intake “unprecedented” and predicted it will give Republicans “leverage” in their fight to expand their congressional margins.
“The funds streaming in show how much support is behind President Trump. Having the financials to support candidates in the midterms will be a huge advantage,” they said.
Republicans currently hold a 219-212 majority in the House, with four vacancies to be filled later this year. The GOP also holds a 53-47 majority in the Senate, and will be defending 22 of the 35 seats up for grabs in 2026.
Vice President JD Vance was tapped to be the Republican National Committee’s finance chair in March. The post is an unusual one for a VP to hold, but will make him a focus of GOP fundraising efforts leading into the midterms and ahead of a likely presidential run in 2028.
Vance headlined a fundraising dinner in Nantucket last week, raking in $3 million in donations, The Post previously reported.
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