President Donald Trump said Tuesday he plans to spend more than $400 million supporting Republican candidates in the upcoming midterm elections. The announcement comes with control of both chambers of Congress at stake; a Financial Times headline noted it followed former New York City Mayor Mike Bloomberg’s $80 million donation to Democratic candidates.
WHO:U.S. President Donald Trump
WHAT:Trump said he plans to spend more than $400 million supporting Republican candidates in the midterm elections.
WHEN:Oct 20, 2026
WHERE:USA
WHY:Trump said the spending is to support Republican candidates in the upcoming midterm elections.
How this story developed (showing 3 of 3 earlier reports)