Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
US
Democrats hold a huge cash advantage over the GOP across nearly every level of national politics, according to new campaign financing data.
- Axios notes: “The Biden campaign and the DNC ended February with more than twice as much cash on hand ($97.5 million) as Trump and the RNC ($44.8 million). House Democrats' campaign arm has $14 million more than its GOP counterpart. Their Senate campaign committee has a $7 million edge.”
- Axios also notes that, remarkably, “Nikki Haley, who isn't running anymore, reported more cash on hand at the end of February than the RNC.”
- Trump's financial woes may worsen as New York Attorney General Letitia James (D) could begin seizing former President Donald Trump’s New York assets as soon as Monday, if Trump fails to post bond in his USD$464 million civil fraud case.
- The New York Times reports that Trump’s social media company could start trading on the stock market as early as Monday, “immediately raising his net worth by around $3 billion — wealth that Trump may be able to tap to pay his mounting legal bills…” However, as Politico notes, “it’s unlikely that money will come soon enough to address Trump’s pressing financial woes."
Figure 1: Cash on Hand for Select Election Campaigns and Committees, as of Feb 29
Source: Axios
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok