Trump’s campaign nearly went broke for the 2020 homestretch, insiders say

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Hello everyone! Welcome to this weekly roundup of Business Insider stories from co-Editor in Chief Matt Turner. Subscribe here to get this newsletter in your inbox every Sunday.

Read on for the inside story on the Trump campaign’s finances, Anand Giridharadas lambasting corporate board members, and a new threat to the management consulting industry.


The US election, now just a few weeks away, continues to dominate the news cycle. Here’s what’s trending on Insider right now:

US spies say the Hunter Biden email controversy shows how ‘exploitable’ and ‘grotesquely vulnerable’ Trump and Giuliani are to Russian intelligence

Eric Trump tried to make Biden look corrupt by sharing a picture of a palatial house he claims the Democrat lives in — but Biden sold it 24 years ago

Over 160 business groups call on President Trump to withdraw executive order banning some diversity trainings

There was big news in New York politics this week as Citigroup’s vice chairman Raymond McGuire resigned to announce his candidacy for New York City mayor. Dakin Campbell spoke to those close to McGuire, along with political strategists, to get the inside story on McGuire’s decision to run, and the biggest challenges he’ll face. You can read that story in full here:

Inside Ray McGuire’s decision to jump from Citigroup to running for New York City mayor, and the biggest challenges he’ll face in trying to win the job

Trump’s campaign nearly went broke for the 2020 homestretch

From Tom LoBianco:

Before his demotion this summer as President Donald Trump’s campaign manager, Brad Parscale had planned for a stunning amount of money to arrive during the 2020 homestretch that would have covered equally shocking spending but left the reelection effort dead broke by the start of October, three Republicans close to the president’s campaign told Insider.

  An AWS exec says that it is 'urgency that has replaced perfectionism' as financial institutions double-down on cloud amid the pandemic

Parscale had been banking on campaign donations to miraculously double in October by about $200 million more than other recent months, one Republican close to the president said. The Republican said Trump’s new campaign team, led by Bill Stepien, had to rush to cancel the spending approved by Parscale to salvage the president’s bid for a second term.

But money has been tight since then, leaving no less than the president himself to attempt to beat back stories that his campaign is on the rocks and float the idea, again, that he would open up his own checkbook to keep it running. 

Read the full story here:

Trump’s campaign nearly went broke for the 2020 homestretch amid Brad Parscale’s $200 million budgeting misfire, Republicans tell Insider

Also read:

Let the blame game begin. Republicans point the finger at Parscale, Kushner, Stepien, and Trump himself as the president’s team braces for a potential 2020 blowout.

How the GOP learned to love QAnon

Anand Giridharadas lambasts corporate board members

From Kate Taylor:

When Anand Giridharadas was invited to speak at the National Association of Corporate Directors’ annual summit, the writer — known for his sharp critiques of billionaires and the global elite — did not …read more

Source:: Business Insider


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