Trump pledges more than $400mn for Republican midterm campaigns

Summary

US President Donald Trump has pledged to spend $400mn on Republican Party midterm campaigns, with Al Jazeera reporting the commitment as more than $400m. The announcement comes after former New York City mayor Mike Bloomberg donated $80mn to Democratic candidates. The Republican Party seeks to keep its hold over both chambers of Congress despite declining polls.

Timeline

1. Financial Times

   20 Oct 2026, 19:02 UTCSource ↗

   The Financial Times reports that Trump pledged to spend $400mn on Republican Party midterm campaigns, an announcement that comes after Mike Bloomberg donated $80mn to Democratic candidates.

2. Al Jazeera

   20 Oct 2026, 21:27 UTCSource ↗

   Al Jazeera reports that Trump committed more than $400m ahead of the midterm elections, as the Republican Party seeks to maintain its hold over both chambers of Congress despite declining polls.