WASHINGTON (AP) — Elon Musk, a tech mogul who is the world's richest person, plunged more than $70 million into helping Donald Trump and other Republicans...
and other Republicans win in November's election, making him one of the biggest donors to GOP causes this campaign season, according to campaign finance disclosures released this week.
Super PACs like Musk's America PAC can raise and spend unlimited sums of money but are typically are forbidden from coordinating their efforts with the candidates they support. A recent opinion by the, which regulates federal political campaigns, allowed for candidates and these big-spending groups to work together on so-called ground game efforts, which are the armies of people deployed to knock on doors to help turn out the vote.
Much of America PACs money has been paid to a handful of consulting firms, including a number that are linked to Phil Cox, a former presidential campaign aide to DeSantis and a onetime executive director of the Republican Governors Association. Businesses under the umbrella of Cox’s various companies have collected at least $21 million since August, records show.Trump's outsourcing much of his get-out-the-vote effort is not the only unorthodox strategy his campaign has adopted this year.
The European Central Bank is likely to lower interest rates again on Thursday, arguing inflation in the euro zone is now increasingly under control and the economy is stagnating. The first back-to-back rate cut in 13 years would mark a shift in focus for the euro zone's central bank from bringing down inflation to protecting economic growth, which has lagged far behind that of the United States for two years straight.
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