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Trump, Bloomberg ramp up spending ahead of midterms

By Thomson Reuters Oct 20, 2026 | 12:47 PM

WASHINGTON, Oct 20 (Reuters) – US President Donald Trump said on Tuesday that he would spend more than $400 million on Republican campaign efforts, while ​the New York Times reported that former ‌New York City mayor Michael Bloomberg was spending $80 million to help Democrats ahead of the November 3 midterm congressional elections.

The financial commitments come as Democrats seek to win control ‌of ​Congress from Trump’s Republicans in ⁠the November 3 midterm elections.

“I ⁠have spent, or will be spending, over 400 Million Dollars by Election Day. More than 300 Million Dollars has already been spent on Advertising, Direct ​and Indirect Voter Contact, Rallies, Rally Arenas, Telerallies, Get Out the Vote Programs, Election Integrity, and ⁠more,” Trump said in a ⁠social media post.

Trump’s super PAC, MAGA Inc., and ​an affiliated group, No Going Back PAC, have spent ​at least $226 million on the elections so far, ‌campaign filings show.

Bloomberg’s team told the New York Times that he was sending about $80 million to Democrats in September and October.

Bloomberg’s office did not immediately respond ⁠to a request for comment.

The New York Times said at least $50 million of Bloomberg’s money was being used for ⁠House races, ‌including $24 million for Everytown for Gun Safety, ⁠a group Bloomberg co-founded. He was ​also ‌giving $16 million to House Majority PAC, the ​main super ⁠PAC aligned with House Democratic leadership.

Reuters has not independently verified the spending by Bloomberg.

(Reporting by Bhargav Acharya in Toronto and Jasper Ward and Andy Sullivan in Washington; Editing by Doina Chiacu, Michelle Nichols, David ​Ljunggren, Chizu Nomiyama )