Finance

Trump- and Musk-linked PACs increase US midterm spending

Maga Inc and America PAC are reported to be spending millions of dollars on House and Senate candidates as Republicans seek to retain control of Congress.

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Owen Mercer
Markets and Finance Editor
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Source: Financial Times · View original source
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US congressional elections

Super PACs associated with Donald Trump and linked to Elon Musk have increased spending in the US midterm elections, according to the Financial Times.

Maga Inc and America PAC are reported to be directing millions of dollars towards Republican candidates contesting seats in the House of Representatives and Senate.

The spending is aimed at supporting Republican campaigns as the party seeks to retain control of Congress. The supplied material does not establish the likely electoral impact of the spending.

Maga Inc is associated with Mr Trump, while America PAC is linked to Mr Musk. The extent of Mr Musk’s current involvement with the group is not detailed.

The report does not provide exact spending figures, candidate names, constituencies or dates for the expenditure.

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