Trump, fundraising two weeks before midterm elections... “We will release $400 million by Election Day.”

U.S. President Donald Trump announced on the 20th (local time) that he has spent $300 million to date to support the Republican Party in the midterm elections, and that he will release an additional $100 million during the remaining election period, for a total of $400 million.

“Because of my faith in the Republican Party and all of our policies and principles, and especially after seeing what is happening in France and many other parts of Europe, I have spent or will spend more than $400 million by Election Day in connection with the most important midterm elections in our country’s history,” Trump said on TruthSocial, two weeks before the midterm elections.

President Trump explained, “More than $300 million has already been spent on advertising, direct and indirect contact with voters, campaign rallies, campaign halls, phone calls, voting encouragement programs, ensuring election integrity, and other activities.”

“It is my great honor to do this on behalf of the Republican Party that has done so much to bring our country back from the brink of extinction,” Trump said.

President Trump did not specify the source of a total of $400 million (approximately 530 billion won) of campaign funds that have already been or will be used, but he appears to be referring to the amount raised by MAGA Inc., a super PAC (special political action committee) that supports him.

According to the Federal Election Commission (FEC), Maga's cash balance was $4157.8 billion as of the end of August. It was raised primarily through political donations from large donors. President Trump claimed it was “my money that I control,” but legally it is not personal money.

President Trump's emphasis on large-scale campaign funds is interpreted as an attempt to boost the morale of Republican candidates and camps struggling against the Democratic Party in the federal Senate and House elections.