Top takeaways from the midyear FEC fillings – Washington Examiner
The latest Federal Election Commission (FEC) mid-year fundraising reports reveal key insights into political action committees (PACs) and their financial status ahead of the 2026 midterm and 2028 presidential elections. The reports show that PACs aligned with former President Donald Trump raised significant funds, with the Trump Save America Joint Fundraising committee collecting $7.3 million in the first half of 2025 and ending the period with $9.52 million in cash. the pro-Trump Make America Great Again PAC raised $2.2 million but spent nearly all of it. meanwhile, the Senate GOP’s main super PAC, the Senate Leadership fund, raised $26.5 million and had nearly $30 million on hand, marking a strong financial position compared to previous years under new Senate GOP leader John Thune.
Tech billionaire Elon Musk invested heavily in his America PAC, contributing $45.3 million, though he later distanced himself from Trump and even started a new political party called the “America Party.” on the Democratic side, several potential 2028 presidential candidates have amassed considerable funds through their PACs. Michigan Governor Gretchen whitmer raised over $573,000 in six months and holds over $2.6 million, California Governor Gavin Newsom raised over $4.1 million with multiple committees holding millions in cash, and Senator Cory Booker raised $3.45 million but had relatively little cash on hand. Other candidates, like Senator Ruben Gallego from Arizona, raised considerably less. the reports highlight who is financially well-positioned as the 2026 and 2028 elections approach.
Top takeaways from the latest FEC fundraising reports
Newly released fundraising numbers offer another set of clues as to who is best prepared financially for next year’s midterm and 2028 presidential elections.
Mid-year Federal Election Commission filings for political action committees, including super PACs, leadership PACs, and joint fundraising committees, were due on Thursday, just weeks after House and Senate lawmakers were required to release their quarterly fundraising figures.
Several filings from PACs aligned with President Donald Trump’s 2024 campaign ended June 2025 with several million dollars in the bank, as did some Democratic presidential hopefuls’ PACs. Here are four takeaways from the filings.
1. How Trump-aligned PACs did in the first half of 2025
The Trump Save America Joint Fundraising Committee, the president’s primary fundraising arm, raised $7.3 million from January through June of 2025 and ended this period with $9.52 million cash on hand.
Save America, the leadership PAC that paid for much of Trump’s legal fees during the 2024 campaign, raised $3.77 million in the first six months of 2025 and had $2.7 million cash on hand. This is far below the $15.6 million raised during the same period in 2023 and the $36.5 million cash on hand at the time. The Trump Save America Joint Fundraising Committee also sent $3.45 million to Save America during the first half of 2025.
The Make America Great Again PAC, a pro-Trump super PAC, raised $2.2 million in the first half of this year and ended June with just $16,164 cash on hand after spending $2.2 million during the period.
TRUMP 47 Committee Inc., a joint fundraising committee with the Republican National Committee, raised $381,259 in its midyear filings but had $10.6 million cash on hand. It sent $2.89 million to GOP state parties.
2. Senate GOP super PAC rakes in the dough
The Senate Leadership Fund, the super PAC backing the Senate GOP, raised $26.5 million in the first half of the year and had nearly $30 million in cash on hand.
This was far above the $6.12 million raised and the $6.6 million cash on hand in the first half of 2021 after former President Joe Biden took office. And it was far above the $10.1 million raised in the same period in 2023, and the $11.43 million cash on hand it had.
This is a major win for Senate Majority Leader John Thune (R-SD), who replaced Sen. Mitch McConnell (R-KY) as the Senate GOP leader.
3. Elon Musk spends big on America PAC
Tech billionaire Elon Musk pumped $45.3 million of his own money into America PAC, the super PAC he created to back Trump’s 2024 campaign. America PAC spent nearly $47.4 million and ended the first of the year with $165,960 in cash on hand.
Musk, the world’s richest person, also gave $5 million to the Senate Leadership Fund in June after his public break with Trump this year over the trillions added to the federal debt by the “big, beautiful bill.”
Following the public spat with the president, Musk launched a new political party dubbed the “America Party.”
“I am saddened to watch Elon Musk go completely ‘off the rails,’ essentially becoming a TRAIN WRECK over the past five weeks,” Trump wrote on Truth Social in response to the new political party. “He even wants to start a Third Political Party, despite the fact that they have never succeeded in the United States.”
4. Some 2028 hopefuls have millions in the bank via PACs
Gov. Gretchen Whitmer (D-MI), a rising star in the party and a potential presidential candidate from a battleground state, brought in $573,208 in the first six months of 2025 through her Fight Like Hell PAC and had more than $2.61 million in cash on hand.
Gov. Gavin Newsom (D-CA), a chief Trump foe, raised more than $4.1 million through his Campaign For Democracy Committee, his joint fundraising committee, in the first half of 2025, and had $3.9 million cash on hand. Another joint fundraising committee, Campaign for Democracy PAC, raised nearly $2 million in the same period and had nearly $4.4 million in cash on hand. Newsom’s super PAC, Campaign for Democracy Group, raised $129,004 and had $4.42 million cash on hand.
Sen. Cory Booker’s (D-NJ) joint fundraising committee, the Booker Victory Fund, brought in $3.45 million during this reporting period and had just $139,873 cash on hand. The New Jersey senator recently blasted Democrats over passing bipartisan bills to bolster local police forces, claiming they were complicit in Trump’s improper use of money appropriated by Congress. His record-breaking 25-hour speech on the Senate floor from Booker in April also catapulted him into 2028 conversations.
A PAC supporting Sen. Ruben Gallego (D-AZ), representing a battleground state, pulled in far less money than others. Gallego Victory Fund, a joint fundraising committee, brought in just $173,748 for the year’s first half and had just $166,073 cash on hand.
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