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    Trump Transition Team to Include Howard Lutnick and Linda McMahon

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    Former President Donald J. Trump has appointed two of his friends and financial backers to oversee a transition team preparing for his potential return to power.The move comes as polls show that his once-commanding lead evaporated after President Biden dropped out and Vice President Kamala Harris became the Democratic nominee.The two co-chairs of a Trump transition, Linda E. McMahon and Howard Lutnick, will oversee efforts to identify and vet potential political appointees and draft executive orders and other plans to implement Mr. Trump’s policy proposals on matters ranging from a sweeping crackdown on immigration to hiking tariffs on imported goods.The selection of the two, which the Trump campaign announced on Friday, was notable for several reasons. As a matter of timing, it came months after presidential campaigns normally start working on contingency planning to ensure a smooth transition should their candidate win the election.It was also striking that neither Ms. McMahon nor Mr. Lutnick has been associated with Project 2025, an effort by a consortium of conservative think tanks to develop personnel and policy transition planning for the next Republican president. While Mr. Trump has close ties to leaders of that effort, he has recently tried to distance himself from it as Democrats have seized on some of its more radical proposals.“I have absolute confidence the Trump-Vance administration will be ready to govern effectively on day one,” Mr. Trump said in a statement accompanying the announcement of his 2024 transition team.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      How Rich Candidates Burned Cash on Running for Office

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      It is a time-honored tradition in U.S. politics: wealthy people burning through their fortunes to ultimately lose an election.The costly realm of campaign politics has claimed its share of the fortunes of yet another business magnate with aspirations to higher office.Representative David Trone, Democrat of Maryland who co-owns the largest wine retailer in the country, poured more than $60 million of his personal fortune into his Senate campaign in Maryland, according to campaign finance reports filed to the Federal Election Commission. He lost the Democratic primary this week to Angela Alsobrooks, a county executive whose campaign had spent about a tenth of that amount.A day after Mr. Trone’s loss, Nicole Shanahan, Robert F. Kennedy Jr.’s running mate and a Silicon Valley investor who recently divorced the Google co-founder Sergey Brin, announced that she was doubling her stake in Mr. Kennedy’s independent presidential campaign. Her donation of another $8 million brings her total contributions to nearly $15 million, despite the fact that no third-party or independent candidate has come close to winning a presidential election in modern U.S. history.Mr. Kennedy’s campaign is so far only about half as expensive as the costliest self-funded presidential campaign this cycle: Vivek Ramaswamy, the Republican entrepreneur, spent more than $30 million of his own wealth on his failed candidacy, dropping out in January after spending $3,500 per vote won in the Iowa caucuses. Doug Burgum, the governor of North Dakota who sold his software company to Microsoft for $1 billion, didn’t even get that far: He dropped out before a single vote was cast after having spent nearly $14 million on his presidential campaign.It is a time-honored tradition in U.S. politics: wealthy people burning dizzying sums of money to fuel their political ambitions through long-shot candidacies, or — as in Mr. Trone’s case — campaigns with good odds that simply don’t end up working out.A self-funded campaign is not always a recipe for disaster. Mr. Trone, for example, was successfully elected to Congress after spending a combined $31.3 million of his fortune to run in two House races. He lost to Jamie Raskin in the 2016 Democratic primary, but he won the 2018 primary to succeed Representative John Delaney, another wealthy Democrat. Jon S. Corzine, a liberal Wall Street executive, spent about $60 million, or $108 million adjusted for inflation, to win a Senate seat in New Jersey in 2000.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Trump Fund-Raiser Rakes In More Than $50.5 Million, Campaign Says

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      For several hours on Saturday evening, drivers on a typically scenic stretch of Palm Beach, Fla., had their views of the coast obscured by a line of luxury vehicles whose owners were mingling inside a mansion across the road.The shoreline-blocking Range Rovers, Aston Martins and Bentleys hinted at the deep-pocketed donors attending a fund-raising dinner for former President Donald J. Trump’s presidential campaign, which it and the Republican National Committee said had raised more than $50.5 million.The event, hosted by the billionaire John Paulson at his home, followed a concerted push by the Trump campaign to address a longstanding financial disparity with President Biden and Democrats as both parties gear up for the general election.The reported total, which cannot be independently verified ahead of campaign finance filings in the coming months, is nearly double the $26 million that President Biden’s campaign said it raised last month at a celebrity-studded event at Radio City Music Hall in New York City.Susie Wiles and Chris LaCivita, senior advisers to the former president who are effectively his campaign managers, said in a statement that the total made it “clearer than ever that we have the message, the operation and the money to propel President Trump to victory on November 5.”Mr. Trump’s event, just down the road from his home at Mar-a-Lago, was in some ways a less flashy affair than its Democratic antecedent, one that traded Hollywood star power and New York City energy for a warmer clime, an abundance of palm trees and the manicured lawns typical of an island refuge for the moneyed elite.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More