President Donald Trump is raking in cash for his political operation, building up funds that could allow him to continue to be a political kingmaker even as he cannot seek reelection.

The president’s primary super PAC brought in a whopping nearly $177 million in the first half of the year, while his leadership PAC raised $28 million, according to filings submitted to the Federal Election Commission late Thursday.

Those two groups alone reported a combined $234 million cash on hand at the end of June, the filings show — a massive sum. And a separate joint fundraising committee had $12 million more in the bank, much of which will later be transferred to other groups in Trump’s political network.

The Trump-linked groups have largely not begun to deploy that cash, instead building up a war chest the president could use next year in primaries or to boost Republicans’ prospects in the midterms. Trump has already shown substantial interest in the 2026 elections, with the White House intervening to encourage some GOP incumbents to run again, pushing potential challengers out of primary fields and asking Texas Republicans to draw new districts with the hopes of gaining seats.

Having millions of dollars at Trump’s disposal — an unheard of amount for a sitting president who cannot run again — could allow him to become one of the biggest single players in next year’s midterms, alongside longstanding GOP stalwarts like the Congressional Leadership Fund and Senate Leadership Fund. Trump could boost his preferred candidates in GOP primaries, or flood the zone in competitive general election races in an effort to help Republicans keep control of Congress.

Trump has a smattering of political groups. His primary joint fundraising committee, Trump National Committee, spent $17 million on operating expenses while transferring just over $20 million each to the Republican National Committee and Never Surrender. A range of other political groups, including his former campaign committees from his 2016 and 2020 presidential bids, continue to spend relatively small amounts of money and get transfers from older joint fundraising committees, but largely are not involved in building up his cash.

Trump’s primary leadership PAC now is Never Surrender, which was converted from his 2024 campaign committee. It ended June with $38 million cash on hand, after spending $16.8 million, the majority of which was expenses lingering from Trump’s campaign last year.

MAGA Inc., the primary pro-Trump super PAC, reported a whopping $196 million cash on hand, after spending only a few million dollars.

The group, which does not face donation limits, benefited from fundraisers featuring Trump and Vice President JD Vance this spring. It raised money from a range of longtime GOP megadonors and cryptocurrency interests:

• Jeff Yass gave $16 million
• The pro-Trump dark money group Securing American Greatness gave $13.75 million
• Energy Transfer Partners gave $12.5 million, as did its CEO, Kelcy Warren
• Foris DAX, Inc., a cryptocurrency-linked entity, gave $10 million
• Blockchain.com, a cryptocurrency company, gave $5 million
• Elon Musk, who has publicly feuded with Trump in recent months, gave $5 million

The super PAC also received some donations made in bitcoin. Trump signed a landmark cryptocurrency bill favored by the industry in June, and his business empire has quickly expanded its crypto interests.

Democratic Rep. Sara Jacobs personifies the conflict within her party over U.S. support for Israel and the nightmare in Gaza — and the increasingly precarious balancing act for any politician trying to navigate it.

The third-term member of Congress from San Diego is Jewish. She has family in Israel. So the country’s security is not an abstract notion. As a millennial, and the youngest member of Democratic leadership in the House, she doesn’t view criticism of Israel as off the table. But she also sits on the Armed Services Committee and represents one of the nation’s most military-centric districts, so she is acutely aware of Israel’s security needs and its role as a key U.S. ally in the Middle East.

All of those roiling elements were on full display last night, in Washington and at a town hall meeting in her district. The Senate voted down a resolution from Sen. Bernie Sanders (D-Vt.) to block the sale of U.S. weapons to Israel. The measure failed, but 27 Democratic senators, more than half the caucus, voted in favor — a sign that the horrific images of starvation coming out of Gaza in recent months are starting to erode the largely unconditional support that Israel has long enjoyed among many Democrats.

Jacobs says she would have voted in favor of the resolution, though she wants the U.S. to continue supporting Israel’s defense, including by helping to pay for the Iron Dome missile defense system.

She tried to lay out her nuanced position at the town hall, where pro-Palestinian protesters gathered noisily outside the high school auditorium in a suburban section of San Diego where the event was held. Inside, one of the first questions was what is she doing to ensure the people of Gaza are receiving humanitarian aid and whether Israel has committed genocide.

Jacobs, who worked for the United Nations and State Department before she was elected to Congress in 2020, tried to thread the needle — saying that Israel “might” have committed genocide.

“But I am not a lawyer, and that is a legal determination,” she told the restive audience. “I think we've clearly seen serious atrocities. I think we've likely seen war crimes, and we've definitely seen forced displacement that could amount to ethnic cleansing.”

Soon, members of the audience were yelling at her — and each other. Her efforts to explain her support for a ban on offensive weapons, but not for defense, were drowned out. “Weapons are weapons,” a woman shouted. A man stood and chanted “free free Palestine” while waving a black-and-white keffiyeh. Members of the crowd shouted back at him.

After about 20 minutes, police escorted the man with the keffiyeh out of the auditorium and the town hall turned to other topics — mostly expressions of anger about various actions by President Donald Trump wrapped into a question.

Jacobs said the next day that she welcomed the protests and is less worried about the politics of the issue within the Democratic Party than she is about addressing the larger issues. “The thing that needs to be worked out is how we get unimpeded humanitarian access to Gaza, and then how we get back on a path to a situation where you have two states where Israelis can live safely and securely and where Palestinians can live with dignity and autonomy and self determination,” she told POLITICO today.

The bitter politics of the conflict aside, Jacobs contends there’s a middle position in which people can condemn both the Oct. 7, 2023, attack by Hamas and the Israeli response that authorities say has led to about 60,000 deaths, mostly civilians in Gaza.

“I truly believe both that Oct. 7 was horrible and we should be calling for the release of the remaining hostages, and that what's going on in Gaza right now is horrible, and those don't have to be mutually exclusive,” she said. “Civilians shouldn't be blamed for their government actions, and that's true of Israeli civilians, and it's true of Palestinian civilians, and it's true of American civilians.”

Despite what happened at her town hall, the protests over the war in Gaza around the U.S. have, for now at least, ebbed since last year and many Democratic voters in general have turned their attention to other issues. But it’s not clear how long politicians like Jacobs, or her party, will be able to walk this precarious middle ground.

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A month after saying he had “done enough” political spending — and amid a bitter falling out with President Donald Trump — Elon Musk gave $10 million to help Republicans keep control of Congress.

The contributions came as Musk publicly feuded with Trump and was slamming Republicans for voting for the megabill that he argued would blow up the deficit. Still, the SpaceX CEO donated $5 million each to the Congressional Leadership Fund and the Senate Leadership Fund on June 27, according to both groups’ filings with the Federal Election Commission on Thursday.

The next week, the world’s richest man said he would start his own political party.

Musk, who spent $290 million of his own money to boost Trump and other Republicans last year, led the cost-cutting efforts of the so-called Department of Government Efficiency in the first few months of the Trump administration. When he left that role in May, he also suggested he was done with political giving for the time being: “If I see a reason to do political spending in the future, I will do it. I don’t currently see a reason,” he said at the Qatar Economic Forum.

He then engaged in a harsh public fight with Trump in June amid the push to pass the president’s signature budget bill, breaking with the president and, later, the GOP.

Musk’s donations to CLF and SLF were enough to make him the largest known individual donor to the main House and Senate GOP super PACs so far this year, although they reflect only a fraction of the money both raised. Congressional Leadership Fund brought in $32.7 million in the first half of the year, while Senate Leadership Fund raised $26.4 million.

A spokesperson for the Congressional Leadership Fund said it does not comment on donors. Senate Leadership Fund and Musk did not immediately respond to requests for comment on Thursday.

Musk also poured another $45 million of his own money into his super PAC, America PAC, this spring. That group spent primarily on Wisconsin’s Supreme Court race in April, which Musk was heavily involved in publicly.

Its expenses included $27 million for petition incentives, $12.7 million on campaigning related to the Wisconsin race and three controversial $1 million payments to spokespeople selected for signing Musk’s petition opposing “activist judges.” Musk’s preferred candidate in that Wisconsin race, conservative Brad Schimel, lost by 10 points in what was widely seen as a sign of Musk’s electoral drag on Republicans.

In July, Musk said he would create his own political party, the America Party. But Thursday’s FEC filings, which cover only through the end of June, provide no insight into what that effort might look like.

With help from Amira McKee

IN MEMORIAM: Five candidates running for New York City mayor — as well as hundreds of NYPD officers — paid their respects this afternoon to Didarul Islam, who died in uniform in Monday’s tragic mass shooting.

Mayor Eric Adams, Democratic mayoral nominee Zohran Mamdani, former Gov. Andrew Cuomo, Republican nominee Curtis Sliwa and independent candidate Jim Walden all gathered at the Parkchester Jame Masjid, where Islam’s body lay.

The officer’s death became an instant political test for Mamdani, who was away on an 11-day vacation in Uganda at the time of the shooting. Cuomo drew attention to Mamdani’s anti-NYPD activism in the wake of the shooting. And within hours of his return to the U.S., Mamdani was pressed about his prior support for defunding the police and his call to disband the NYPD unit that responded to the shooting.

Aside from the mayoral hopefuls, Gov. Kathy Hochul and several other officials attended the funeral, including NYPD Commissioner Jessica Tisch, Attorney General Letitia James, Bronx Borough President Vanessa Gibson, Bronx District Attorney Darcel Clark, Public Advocate Jumaane Williams, City Council member Yusef Salaam, and Reps. Adriano Espaillat and Richie Torres.

Reporters were there to cover the memorial to the slain officer — and to carefully watch for signs of political differences between the candidates.

Adams eulogized Islam at the event and spoke of the pain of losing a loved one — but he made a point to thank the NYPD’s Strategic Response Group, the elite police unit Mamdani has previously called to eliminate.

“I want to say thank you to the men and women of the New York City Police Department in general, but specifically to the men and women of SRG,” Adams said. “They entered the building while the shooter was still alive, and they conducted a floor-by-floor search. They wanted to ensure that everyone in that building would have come out safely.”

Mamdani said Monday he no longer supports defunding the police, but he also doubled down on eliminating the SRG. The unit is tasked with policing political demonstrations and has faced criticism from the New York Civil Liberties Union and others for its use of heavy-handed tactics.

Islam, a Bengali immigrant and father of two with a third child on the way, had been working as a security guard when a gunman armed with a military-style rifle entered a Park Avenue building and carried out the deadliest mass shooting in the city since 2000. The three-year NYPD veteran was in full uniform when he was murdered along with three others who perished that day.

Unlike the other candidates and officials there, Mamdani sat with Islam’s family during the service and was greeted by them upon his arrival. He also remained to join his fellow Muslims in prayer after the political speeches concluded, as other officials filed out.

While the intimate service was limited to family, friends and invited guests, hundreds of men and women, many in uniform, gathered on the surrounding blocks in the hours before the funeral, setting up food trucks and tents to eat and socialize. As the funeral began, police cleared the street outside the mosque to allow space for prayer.

“The residents of this city, indeed, this state, must show greater platitudes and gratitude for our police force, they have not received enough in years of late, in my opinion, and that must be rectified,” said Hochul, dressed in a black headscarf in line with Muslim tradition. “They need our support.” — Amira McKee and Jason Beeferman

NORTH COUNTRY SPECIAL LOOMS: The impending resignation of Assemblymember Billy Jones will open up a potentially competitive special election in a North Country district that straddles the Quebec border.

Jones, who’s serving his fifth term, has been as secure in his seat as any rural Democrat in recent years. He’s run unopposed in three of his past four elections and won the other by 24 points.

That was due in part to his personal popularity, but the district is as competitive as can be on paper: There are 30,392 Democratic and Working Families Party members compared with 29,920 Republicans and Conservatives.

“Republicans, for the first time in a long time, have a real chance to win this one,” Essex County Conservative Party Chair Bill McGahay said.

Malone Mayor Andrea Dumas is among the Republicans being discussed as a candidate for the seat.

Several Democrats have expressed interest in running as well, and Plattsburgh Supervisor Michael Cashman is “gaining traction,” according to Clinton County Democratic Chair Brandi Lloyd.

“Democrats are definitely optimistic that this will hold,” Lloyd said. “We’re seeing a trend across the whole country — in rural areas as well — where seats are staying blue or flipping blue.”

Jones announced Tuesday that he’d be stepping down later this summer. Several people familiar with his plans said they expect his resignation will come at a time that would allow Hochul to call a special election that coincides with the Nov. 4 general. — Bill Mahoney

‘MY HEART IS BROKEN’: Hochul demanded today that Israel work with the United States to rectify deteriorating humanitarian conditions in Gaza — a departure for a governor who counts herself as a staunch supporter of the Jewish state.

“Allowing innocent children to starve to death is simply unconscionable, and as a mother, my heart is broken by these images of famine,” Hochul said in a statement.

The reports of starvation that sparked the governor’s latest remarks have also motivated other New York Democrats who support Israel to speak out against the government. Hochul has been outspoken in her support in the aftermath of the Oct. 7 attacks, visiting Kfar Aza and advocating for the release of hostages taken by Hamas.

The tides of war abroad and politics at home have shifted significantly since then.

On Saturday, Reps. Jerry Nadler, Pat Ryan and Paul Tonko were among the moderate Democrats to sign a statement released by New York Attorney General Letitia James calling for immediate access to humanitarian aid in Gaza. Though Hochul was not a signatory on that statement, her recent remarks offer additional evidence there’s a consensus building among Democrats, who have been deeply divided on Israel.

U.S. Special Envoy Steve Witkoff arrived in Israel this morning with plans to meet with Prime Minister Benjamin Netanyahu and visit an aid distribution site in Gaza, a move Hochul said she hopes will be a turning point for the crisis.

“Support for the people of Israel also requires us to demand that the Israeli government do what is right,” Hochul said. “At the same time, we must continue to demand that Hamas release all hostages and finally bring an end to this conflict. This humanitarian crisis has gone on for too long, and it is time to secure a lasting peace that protects the lives of both Israelis and Palestinians.” — Amira McKee

FREEZE THE FARE: With all the talk about freezing the rent, some New York Democrats are now pushing to freeze the fare.

The MTA announced Wednesday that it plans to hike subway fares, and electeds are saying the increase would be too much for New Yorkers to bear.

“Proposing a fare hike without demonstrating meaningful improvements is offensive to hard-working New Yorkers, and that’s why I’m urging all board appointees to vote no on this proposal,” Adams said, referring to the Senate-confirmed MTA body responsible for approving the plan. “We strongly oppose this fare increase and remain committed to fighting for a more affordable and equitable city.”

Under the transit authority’s proposed increases, the price of a subway ride would jump from $2.90 to $3. LIRR and Metro North tickets would spike up to 8 percent. And tolls for bridges and tunnels would increase 7.5 percent.

The MTA said the fare and toll changes “are small and occur at regular intervals to keep up with inflation and avoid surprising customers with unpredictable or double-digit increases.”

The hikes will need to be approved by the MTA board following a trio of public hearings in August, and would take effect in January 2025 if approved.

Mamdani, who ran an affordability-focused campaign, wants to persuade Albany to raise taxes on the wealthy and corporations to make MTA buses free. The MTA so far has signaled opposition to the idea.

Assemblymember Michaelle Solages, the chair of the Black, Puerto Rican, Hispanic & Asian Legislative Caucus, is also railing against the hikes.

“At a time when the federal government is deriving new ways to crunch the middle class and siphon their hard-earned dollars, New York State must be clear that we will not add to the burden,” she said. “This proposed rate increase must be rejected, and I encourage all New Yorkers who are able and willing to make their concerns known to the MTA Board.”
— Jason Beeferman

VETO, AGAIN: Mayor Adams vetoed a bill that would have decriminalized illegal street vending, a late Wednesday night surprise that shocked the City Council.

Existing criminal penalties are “an important enforcement tool,” Adams wrote in a brief veto message.

The bill was meant in part to protect street vendors — many of them immigrants — from deportation. The bill’s sponsor, Council Member Shekar Krishnan, was furious, saying in a statement that “Adams did Donald Trump's bidding by vetoing my legislation that protects our immigrant small business owners.”

Adams spokesperson Zachary Nosanchuk denied the veto had anything to do with the mayor’s coordination with the Trump administration. Instead, he said the mayor was concerned the law would prevent the NYPD “from intervening, even in the most egregious cases.”

Adams’ stamp of disapproval came hours after he also vetoed the council’s decision that would have blocked a casino bid from moving forward in the East Bronx.

Speaker Adrienne Adams’ office has not yet said whether she’s planning to schedule votes to override the vetoes. — Jeff Coltin

— BIG ‘RIG’: House Minority Leader Hakeem Jeffries bashed the Trump administration, accusing the president of attempting to “rig” Texas’ congressional map. (Daily News)

— FLOOD WATCH: Hochul declared a state of emergency for New York City, Long Island and parts of the Hudson Valley as the National Weather Service raised the region’s flash flooding risk. (Gothamist)

— ANOTHER SUBWAY MELTDOWN: The city’s beleaguered transit system continues to struggle after another system power outage this morning. (New York Post)

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