Biden campaign raises $25m ‘money bomb’ at event with Obama and Clinton

Chuck Schumer and Lizzo made appearances before the presidents talked onstage in event that widens fundraising lead over Trump

Joe Biden and his Democratic predecessor, Barack Obama, headlined a star-studded fundraiser with Bill Clinton on Thursday that organizers said raised more than $25m for the US president’s re-election campaign.

Such a haul, which Politico called an “NYC money bomb”, will widen Biden’s lead over Donald Trump in fundraising for the November election.

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Republican National Committee wants Nikki Haley to drop out to boost funds

Exclusive: RNC reported $8m in cash to spend, less than half of what it had in 2016, as it starts preparing for the 2024 election

Top officials at the Republican National Committee want Nikki Haley, the former South Carolina governor, to drop out of the race for the GOP nomination so it can launch a joint fundraising committee with Donald Trump to bolster its finances, according to people familiar with the situation.

The RNC last week reported $8m in cash to spend in its year-end filing, an amount less than half of what it had when Trump was running for the presidency in 2016 and below what it needs to stand up operations as it prepares to take on Joe Biden in the general election.

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Record $15.9bn in US political ad spending expected for 2024

Assessment by GroupM expects spending totals for presidential election year to be up 30% on 2020 election cycle

With little more than a month to go before the US presidential election season kicks off in Iowa, a new projection of political spending says a record $15.9bn will be spent on advertising, up more than 30% up on the 2019-2020 election cycle.

The assessment, by GroupM, one of the world’s largest paid advertising agencies, suggests total political ad revenue could add a billion more to reach a total of $17.1bn, if including direct mail pitches.

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Pro-Israel groups target US lawmakers critical of Gaza war with attack ads

Rashida Tlaib and other Democratic members of ‘the Squad’ have been targeted but also a libertarian Republican

The pro-Israel lobby in the US is airing attack ads and beginning to back primary opponents to challenge Congress members who are not voting for or supporting Israel’s war on Gaza.

Over the last 10 days, groups that support Israel have launched ads in at least seven districts targeting those who have been particularly vocal in calling attention to the humanitarian crisis in the Gaza Strip, opposing Israeli military aid or criticizing Israel’s government.

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US progressive groups facing ‘five-alarm fire’ ahead of 2024 as donations down

Fundraising down 48% as Movement Voter Project’s director says ‘sense of urgency’ has ‘dissipated in people’s minds’

Progressive political fundraising in America is facing a crisis, according to a leading Democratic grassroots donor organization, which warned this month that donations to progressive groups are “way down in 2023 across the board”.

According to the Movement Voter Project, progressives have “a five-alarm fire going into 2024”. The organization’s director, Bill Wimsatt, said he was “pressing the panic button” because donor-inaction is creating a movement-wide crisis.

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Republican donor pauses Ron DeSantis funding over abortion and book banning

Thomas Peterffy says Florida governor ‘seems to have lost some momentum’ in undeclared bid for 2024 presidential nomination

A top Republican donor said he had paused plans to fund Ron DeSantis’s expected presidential run because of the Florida governor’s “stance on abortion and book banning”.

Thomas Peterffy, founder of Interactive Brokers, a digital trading platform, told the Financial Times: “I have put myself on hold. Because of his stance on abortion and book banning … myself, and a bunch of friends, are holding our powder dry.”

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‘A truly incredible amount of money’: millions ride on one US judicial election

The race for a place on Wisconsin’s supreme court could have major implications for abortion, democracy and the 2024 election

More than $37m has already been spent in an election that will this month determine control of Wisconsin’s supreme court, easily making it the most expensive judicial contest in US history.

Spending in the race easily shatters the $10m spent in the 2020 Wisconsin supreme court race, the previous record in the state. It also easily surpasses the previous national record, $15m spent on an Illinois supreme court race in 2004. The race has national implications – it will probably ultimately determine the legality of abortion in the state as well as play a key role in setting voting rules for the 2024 election in one of America’s most competitive states.

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Revealed: Trump secretly donated $1m to discredited Arizona election ‘audit’

Funding for controversial review of state’s vote count in 2020 election can be traced to former president’s Pac

One of the enduring mysteries surrounding the chaotic attempts to overturn Donald Trump’s defeat in the 2020 presidential battle has been solved: who made a secret $1m donation to the controversial election “audit” in Arizona?

The identity of one of the largest benefactors behind the discredited review of Arizona’s vote count has been shrouded in secrecy. Now the Guardian can reveal that the person who partially bankrolled the failed attempt to prove that the election was stolen from Trump was … Trump.

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George Santos says he won’t resign as fellow Republicans call on him to quit

Chair of Nassau county committee says Santos ran ‘a campaign of deceit, lies and fabrication’ to win third district

The Republican George Santos said on Wednesday he would not resign from Congress less than a week after being sworn in, despite calls to do so from the chairman of his district committee and a fellow New York representative, amid continuing scrutiny of Santos’s mostly made-up résumé and growing calls for campaign finance investigations.

In a tweet, Santos said: “I was elected to serve the people of the New York third district not the party and politicians, I remain committed to doing that and regret to hear that local officials refuse to work with my office to deliver results to keep our community safe and lower the cost of living.

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Group aiming to sabotage Whitmer’s Covid policies funded by dark money

Non-profit affiliated with utility DTE Energy funded effort to repeal Michigan governor’s emergency order powers

A dark money non-profit linked to power utility DTE Energy funded a group behind the effort to repeal the emergency order powers of Michigan’s Democratic governor, Gretchen Whitmer, and end the state’s Covid-19 lockdowns and restrictions.

Internal Revenue Service records revealing a $100,000 donation made in 2020 were not publicly available until late 2021, and show the funds were contributed to another dark money non-profit that served as a primary funder of the Unlock Michigan repeal campaign.

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Republican George Santos faces campaign finance complaint

Controversial newly elected congressman who appears to have made up most of his résumé is subject of FEC complaint

The newly sworn-in Republican congressman George Santos, whose campaign résumé has been shown to be largely made-up, is the subject of a complaint filed with the Federal Election Commission.

The complaint concerning the New York representative was filed with the FEC on Monday by the Campaign Legal Center (CLC), a non-partisan watchdog group.

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Republicans pounce on FBI raid at Mar-a-Lago to solicit campaign funds

Trump and other candidates’ fundraising emails foment outrage and urge donations to stop the ‘Radical Left’

Republican and rightwing groups have swiftly used the FBI raid on Donald Trump’s winter home at Mar-a-Lago in Florida to raise money from their supporters by bombarding them with fundraising emails and appeals for donations.

In public the former US president, his allies and nearly all senior Republicans have expressed deep outrage at the raid, which is linked to Trump apparently keeping classified documents at Mar-a-Lago from his time in the White House. But the same figures have also seen the moment as a clear opportunity to urge supporters to dig deep into their pockets.

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Trump pays $110,000 in fines after being held in contempt of court – live

The Washington Post said Friday it had obtained emails showing that Virginia “Ginni” Thomas, the conservative activist and wife of supreme court justice Clarence Thomas, pressed Arizona lawmakers to set aside Joe Biden’s 2020 victory in the state and choose “a clean slate of electors”.

Thomas wrote to two unidentified lawmakers on 9 November 2020, the newspaper says, six days after the general election, arguing they needed to intervene because the vote had been marred by fraud.

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US congressman convicted of lying to FBI in campaign funds case

Nebraska Republican Jeff Fortenberry found guilty in case involving illegal campaign contributions from foreign billionaire

A Nebraska congressman has been found guilty of three felonies for lying to the FBI about illegal campaign contributions from a foreign billionaire.

A federal jury in Los Angeles convicted Jeff Fortenberry, a nine-term Republican, on Thursday of concealing information and two counts of providing false statements to authorities.

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Patrick Byrne: pro-Trump millionaire pushing election conspiracy theories

Weekend rallies with Roger Stone and Michael Flynn show key influence of libertarian helping to fund Arizona election audit

This Memorial Day weekend, several prominent conservative allies of Donald Trump, who have promoted almost nonstop his false narratives about the 2020 election results, are slated to hold rallies in Florida and Texas endorsed by the wealthy libertarian Patrick Byrne.

Billed as featuring the Trump confidant Roger Stone, the retired general Michael Flynn, Byrne and other pro-Trump stalwarts, the dual events underscore that Byrne – who has been leading private fundraising for the politically driven vote audit now under way in Arizona’s largest county – seems intent on funding and pushing conspiracy theories about the 2020 elections.

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Trump reportedly told Republican party to stop using his name for fundraising

Party bodies have used former president’s name while fundraising for Republicans who voted for his impeachment

Donald Trump has told the Republican National Committee and other party bodies to stop using his name and likeness in fundraising efforts, it was reported on Saturday.

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Billionaires backed Republicans who sought to reverse US election results

Guardian analysis shows Club for Growth has spent $20m supporting 42 rightwing lawmakers who voted to invalidate Biden victory

An anti-tax group funded primarily by billionaires has emerged as one of the biggest backers of the Republican lawmakers who sought to overturn the US election results, according to an analysis by the Guardian.

Related: Trump official admits family separation policy 'should never have been implemented'

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Sheldon Adelson, casino magnate and major Trump donor, dies aged 87

  • Wife Miriam Adelson announces death after ‘long illness’
  • Adelson backed Israeli settlements in occupied territories
  • US politics – live coverage

Sheldon Adelson, a casino magnate, perennial top single donor to Donald Trump and other Republican causes and an influential opponent of a two-state solution in the Middle East, has died. He was 87.

Related: Billionaire casino boss Sheldon Adelson splashes the cash in bid to help Trump

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Trump supporter who gave $2.5m to fight election fraud wants money back

Businessman Fredric Eshelman sues pro-Trump ‘election ethics’ group citing ‘disappointing results’ of effort to expose cheating

A Donald Trump supporter who donated $2.5m to help expose and prosecute claims of fraud in the presidential election wants his money back after what he says are “disappointing results”.

Fredric Eshelman, a businessman from North Carolina, said he gave the money to True the Vote, a pro-Trump “election ethics” group in Texas that promised to file lawsuits in seven swing states as part of its push to “investigate, litigate, and expose suspected illegal balloting and fraud in the 2020 general election”.

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Has Trump spent his election war chest before the war really starts?

The president’s campaign has paid out $800m, but at a crucial phase he is making cuts while Joe Biden is outspending him

More than $180,000 per second. That is what Donald Trump’s two TV ads during the Super Bowl worked out at in February, offering vivid proof of the outsized role of money in American politics – and of his re-election campaign’s premature and profligate spending.

The 2020 presidential election has been described by both sides as the most important in living memory and is certainly proving the most expensive. Hundreds of millions of dollars have flooded both campaigns and, in the pandemic-enforced absence of shaking hands and kissing babies, may prove even more influential than usual.

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