Trump won't shut off the money tap as Democrats seize Congress

Democrats won both chambers of Congress in the midterms. Trump's answer, per Axios: keep the fundraising going anyway. The president has told advisers he intends to maintain a political operation, whether that's his existing MAGA Inc. super PAC or a brand-new one.

That war chest would do more than pay bills. It gives Trump a way to shape the 2028 election from the sidelines and to squeeze Republican lawmakers who are thinking about putting distance between themselves and him.

MAGA Inc. has been the engine of his political strategy through his second term. It has pulled in nearly $450 million since early 2025, with big checks from donors in the AI sector and from megadonor Elon Musk, the world's wealthiest man.

The timing cuts both ways. Axios reported Friday that Trump is staying in the game — the same day another report said Democrats are gearing up to investigate US companies with cozy ties to his administration, naming Apple, Meta and Musk's firms among the targets.

So the next two years look like a two-front fight: Trump raising and spending to hold sway over his party and the next presidential race, while Democratic committees sharpen their subpoenas. Republicans weighing a break with him now have a price tag attached to that decision.