Politics

How Trump has used the presidency to benefit himself and his allies

Published

2 months ago

June 3, 2026

President Donald Trump tried to create a near $1.8 billion fund that could be funneled to his supporters as a means of settling a lawsuit he filed against his own government — even arguing that he “gave up a lot of money in allowing” it.

After drawing outcry in Congress and the courtshowever, acting Attorney General Todd Blanche told lawmakers on Tuesday that the administration was scrapping plans to create the fund. That potentially means the suit — and the possibility that the president could still cash in — might be back on.

Trump hasn’t been shy about turning the presidency into a major source of personal benefit, involving everything from merchandising deals to crypto ventures to high-dollar political and official events at his properties.

Asked about possible self-dealing, the White House called such suggestions “the same, tired narrative that Democrats have pushed against President Trump, his family, and his administration for a decade.”

“President Trump only acts in the best interests of the American public — which is why they overwhelmingly re-elected him to this office, despite years of lies and false accusations against him and his businesses from the fake news media,” spokesperson Anna Kelly said in a statement. “There are no conflicts of interest.”

Here are some key ways Trump has reaped rewards for himself, his children and allies in his second term:

Suing his government and deals favoring his family

Last year, the president submitted a claim seeking $230 million in compensation from the Justice Department for a FBI search of his Mar-a-Lago estate in Florida as part of an investigation into whether he took classified records from the White House.

In January this year, Trump, his two eldest sons and the family’s business, the Trump Organization, filed a $10 billion lawsuit against the IRS and Treasury Department after a former IRS contractor illegally leaked Trump’s tax returns.

In an attempt to resolve those cases, Trump’s government agreed that $1.776 billion in taxpayer funds be distributed to people who believe they were targeted by past administrations for politically motivated prosecution — including the Trump supporters imprisoned for attacking police while overrunning the U.S. Capitol in 2021.

Rioters loyal to President Donald Trump are pictured at the U.S. Capitol in Washington, Jan. 6, 2021. (AP Photo/Jose Luis Magana, File)

After blowback from even some congressional Republicans, the Justice Department now said it would comply with a ruling temporarily blocking the fund. Blanche was clearer on Tuesday, telling a House committee that, “We’re not moving forward with the fund.”

But there was less clamor about another part of the deal allowing the government to drop pending IRS audits into Trump and his relatives. Blanche said the Justice Department was not abandoning that part of the agreement.

Separately, the Air Force has agreed to purchase interceptor drones from Powerus, a Florida-based company linked to Trump’s family. And ProPublica reported that direct intervention from the White House preceded the Pentagon agreeing to loan $620 million to Vulcan Elements, a North Carolina startup linked to Donald Trump Jr.

Trump Organization spokesperson Kimberly Benza denied any ethical conflicts between the White House and the family business.

“The Trump Organization operates completely separate from the presidency and is in full compliance with all ethics and conflict-of-interest laws,” Benza said in a statement.

As for Powerus, Benza said Eric Trump was “a passive investor in a vehicle that, among many others, holds an interest” in the company, but wasn’t involved in its decision-making or management.

President Donald Trump and Eric Trump watch the Maaden LIV Golf Virginia tournament at Trump National Golf Club, May 9, 2026, in Sterling, Va. (AP Photo/Alex Brandon, File)

Trading in financial markets he can help move

Trump has traded stocks and bonds in unprecedented ways for a sitting U.S. president.

Office of Government Ethics filings show Trump made more than 3,600 stock trades in the first quarter of 2026 alone — transactions far exceeding $100 million in value.

Many of those trades involved sizable purchases of shares of technology and artificial intelligence giants like Nvidia, Dell, Oracle and Palantir before Trump’s administration took policy actions favoring those firms.

Similar disclosures last year show that Trump bought up more than $300 million in bonds issued by companies, states and municipalities even as he repeatedly pressed the Federal Reserve to lower interest rates — a move that could help drive up the value of his holdings.

Specialist Michael Pistillo works at his post on the floor of the New York Stock Exchange, Friday, May 29, 2026. (AP Photo/Richard Drew)

Crypto ventures

Trump’s family has raked in big profits in the crypto sector since he was reelected. A key driver has been the $TRUMP meme coin, announced the day before Trump took office. Some 220 of the top investors were invited to a subsequent, private reception with the president.

Trump’s family also has a controlling stake in World Liberty Financiala crypto firm co-founded with the president’s special envoy Steve Witkoff and run by his son Zach. It has its own stablecoinsUSD1, and got a major boost when, just before Trump took office, an investment fund linked to the United Arab Emirates bought a large stake in it.

An Abu Dhabi state-backed investment firm, MGX, subsequently pledged to use $2 billion worth of USD1 to purchase a stake in Binancethe world’s largest cryptocurrency exchange — a move that further bolstered World Liberty Financial.

Trump-branded bonanza Beyond the digital realm, scores of companies pay to license the president’s name for physical products, from Bibles, guitars and sneakers to watches, fragrances and a gold-hued cellphone.

Trump has promoted many such goods on social media, particularly during his 2024 campaign, but they’ve also made conspicuous appearances at the White House.

When French President Emmanuel Macron and Ukrainian President Volodymyr Zelenskyy visited last summer, Trump showed them a merchandise room off the Oval Office stocked with goods for sale on his website. A few months later, video emerged of Trump at the White House spraying Syrian President Ahmad al-Sharaa with bottles of his “Victory 47” cologne and perfume, which he gave him as a gift.

The president displayed hats emblazoned with “Trump 2028” on the Resolute Desk while meeting with congressional Democrats last year. And, during a televised Cabinet meeting in May, at every seat was a red hat commemorating America’s 250th anniversary.

Each hat sells for $55 on Trump’s website.

A mask with the likeness of Donald Trump is used to sell hats that read “Trump 2028″ and “Make America Great Again” on the street next to the Walk of Fame star honoring Donald Trump on Hollywood Blvd., Feb.12, 2026, in Los Angeles. (AP Photo/Damian Dovarganes, File)

Paydays for the president’s properties

The Republican National Committee and various political groups associated with Trump and the GOP have held fundraisers and political events at Mar-a-Lago, as well as Trump’s estate in Bedminster, New Jersey, and his golf clubs in Doral, Florida, and Sterling, Virginia.

The LIV Golf league, controlled by the Saudi Public Investment Fund, which is helmed by Crown Prince Mohammed bin Salman, has held events at Doral. Trump will host the G20 summit there in November.

That means world leaders, support staff, business executives, journalists and the bevies of others involved will be paying the Trump Organization, which purchased Doral in 2012, to attend. The president has already tried to head off criticism of self-dealing around the summit, saying that government attendees will be billed “at-cost” and “We will not make any money on it.”

Renovation and construction projects

Qatar gave Trump a $400 million jet that he intends to employ as Air Force One, then store at his presidential library after he leaves office. The gift has undergone extensive taxpayer-funded rebuilding and security upgrades that lawmakers estimate may exceed $1 billion.

Trump has also ordered up scores of renovation projects meant to leave his mark on Washington while passing on the costs to taxpayers.

He long insisted that wealthy donors would pay for the $400 million ballroom he demolished the White House’s East Wing to build — only to seek $1 billion in federal funding for security upgrades he says the military and Secret Service have sought as part of the project.

At least $15 million in public funds is going for a ceremonial arch. The National Park Service is also paying a contractor $13.1 million to carry out the Trump-directed renovation of the Lincoln Memorial Reflecting Pool.

Politics

It might take ‘a lightning bolt from God’ to get these Senate Democratic hopefuls to bow for independents

Published

59 minutes ago

August 1, 2026

Blue Light Newsroom

Democrats vying for a pair of deep-red Senate seats are facing increasingly desperate calls from within their party to step aside for more promising independent candidates.

But they say they won’t drop out — unless there’s divine intervention.

Democrats Alani Bankhead of Montana and Julian Beaudion of South Dakota both told Blue Light News they have no plans to exit the race, despite pressure from national — and even some state — Democrats to step aside. Numerous polls, coupled with stronger fundraising and campaign operations, show independents Seth Bodnar and Brian Bengs have a stronger — if still muddied — path to victory in November.

If the Democrats stay on the ballot, it will be almost impossible to claw these seats away from Republicans in Mountain West states that President Donald Trump dominated in 2024.

“I’m a person of faith. If a lightning bolt from God struck me and was like, ‘Alani, get out of the race,’ sure,” Bankhead told Blue Light News when asked if anything would change her mind. Otherwise, she said there’s “absolutely nothing.”

Beaudion has a similar resolve: “To be clear, we are not considering dropping out of the race,” he told Blue Light News.

By digging in, the Democrats could imperil their party’s hopes of regaining Senate control in an already uphill cycle. There’s broad agreement across the many factions of the Democratic Party that a crowded race relinquishes any hope of victory. Bengs has argued that Beaudion remaining on the ballot jeopardizes his chance of winning this fall against GOP Sen. Mike Rounds. Bodnar has maintained he has a viable path either way, and he could be helped out if the Libertarian candidate in the race pulls votes from Republican Kurt Alme.

The deadline to withdraw in South Dakota is Tuesday, and Montana’s is shortly after, on Aug. 10. Democrats across the ideological spectrum in Washington and their home states are calling on Bankhead and Beaudion to step down to help their party bank-shot a Senate majority, with the idea that a victorious independent candidate could caucus with a future Democratic majority — or at least not party up with Republicans.

“The math is inescapable. If it’s impossible for a Democrat to win, it is vital that the Democrats step aside and give the independent at least a shot of beating the Republican,” said Matt Bennett, a co-founder of the centrist Democratic think tank Third Way. “Beating the MAGA Republicans is priorities one, two and three. Who we beat them with is pretty far down the list.”

Democrats have already had some luck setting up one-on-one independent vs. Republican matchups in other Trump-won states. The Democratic candidate in Nebraska withdrew to pave the way for independent Dan Osborn — though an ongoing court case from a Democratic anti-abortion pastor could complicate things. And Idaho’s Democratic nominee recently dropped out in favor of independent Todd Achilles.

“Knowing that your campaign is not gonna break through, and just being able to recognize that is probably the hardest thing of all,” Achilles said of Democrat David Roth’s decision to step down. “I do appreciate what David did in Idaho.”

Bankhead and Beaudion insist they can win, even despite the headwinds. Bankhead expects to ride the anti-incumbency and pro-outsider wave into office, and Beaudion credits his relationships with voters throughout the state.

“Nobody ever knows what’s actually going to happen in an election,” Bankhead said. “The people decide on November 3.”

But Idaho and Nebraska Democrats reached a conclusion that Bankhead and Beaudion did not: The party’s brand is so tarnished in their states that the “D” label on the ballot line provides no viable path to victory.

“I am a professional partisan Democrat, and I have every incentive to be on the Democrat’s side here,” said Pat Dennis, president of American Bridge 21st Century, an opposition-research firm. “But ultimately, the priority is to take the Senate majority away from Republicans. In some states, that path is very difficult to impossible for a Democrat. In those cases, it is both strategically and morally correct to take the path that is most likely to achieve the goal we’re going for.”

Faiz Shakir, a longtime adviser to Sen. Bernie Sanders (I-Vt.), did not go as far as to call for Bankhead and Beaudion to step aside. But he agreed that there’s real opportunity for independents who aren’t stuck with the Democratic brand’s baggage.

“Being someone who’s not associated with the two-party system right now helps you greatly in many parts of this country, particularly those that have much more rural and conservative tendencies,” said Shakir. “There’s frustration and anger with Trump, and there’s not as much of a love and appreciation for the Democratic Party.”

Shakir also said that competitive races in these red areas — even if the independents can’t pull off a win — could force Republicans to pull much-needed resources out of battleground races in order to defend their turf.

But he also offered a warning to his party: Talking too much about the independents’ strong fundraising and establishment backing risks tying them to the “donor class” and turning them “into a worse version of what people assumed of a Democrat.”

“You gotta give them the space to be both independent in mind and in spirit,” he said. “The argument for them is truly that they are building a movement in the state that people are hungry for, and that in the support of those people, they’re finding resonance. And that would be the argument for a Democrat to step aside.”

Republicans, meanwhile, are working to paint the independents and Democrats as one and the same. They’re also trying to elevate the Democrats in an attempt to stop the independents from gaining more traction: Trump on social media attacked Bankhead in July, ignoring Bodnar entirely.

“Democrat-backed independents all support the same socialist policies and middle-class tax hikes that made Democrats toxic across the country,” Joanna Rodriguez, the communications director for the National Republican Senatorial Committee, said in a statement. “Republicans will defeat them in November.”

The inside calls for Beaudion and Bankhead to step aside aren’t just coming from Washington. Many local Democrats in Montana and South Dakota have said publicly they should not continue their campaigns. Nancy Keenan, the former executive director of the Montana Democratic Party who has endorsed Bodnar, wrote in a June op-ed that “there is not a viable path for a Democratic victory in this race.”

Bennett, the Third Way co-founder, went further, saying if Democrats fail to flip the Senate in November, the blame would lie at the hands of Bankhead and Beaudion.

“If we fumble away a majority because these no hope candidates are too vain to get out of the race, that’ll be a political calamity,” he said. “These people need to understand that they will become pariahs.”

Bankhead doesn’t see it that way.

“I’m not swayed by it because I’m not here for power and money,” she said. “It’s still the old, rich D.C. powerful political circles that are trying to keep more progressive candidates out of the fight so they can maintain the status quo.”

Politics

FCC chair Brendan Carr on Trump, free speech and his threats against broadcasters

Published

1 day ago

July 31, 2026

Blue Light Newsroom

FCC chair Brendan Carr on Trump, free speech and his threats against broadcasters

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Politics

Mandela Barnes considering dropping out of Wisconsin governor race

Published

2 days ago

July 30, 2026

Blue Light Newsroom

Former Lt. Gov. Mandela Barnes and his team are discussing dropping out of the crowded Democratic primary for Wisconsin governor, according to two people with direct knowledge of the matter.

The conversations come as Democratic officials in the state brace for damaging media reports about Barnes expected to hit in the coming hours. Barnes and his team have been on calls Thursday to discuss how to proceed, according to the people, granted anonymity to share private details.

The primary had become increasingly messy as more moderate leaning Democrats like Barnes have tried to stave off Democratic socialist Francesca Hong’s rise, worried her victory could boost presumed Republican nominee Tom Tiffany. Wisconsin Gov. Tony Evers’ endorsement of David Crowley — who reentered the race in the final stretch — further complicated the moderate coalition.

A spokesperson for Barnes’ campaign did not immediately respond to a request for comment.