Axios reported that Trump received a record $1.9 billion from sponsors

US President Donald Trump has received about $1.9 billion from various corporate sponsors to finance his political committees, construction projects at the White House and the celebration of the country's upcoming 250th anniversary. This is a record amount raised by the president of the United States in less than a year in office, Axios sources reported on November 5.

The publication recalls that the fundraising for Trump's second presidential term began with his inaugural ball on January 20, 2025 and continued as part of the work of the MAGA Inc. committee and the political non-profit organization Secure America. In recent months, funds for Trump have been received as part of a project to build a new ballroom in the White House, for which about $350 million has already been raised.

The next large-scale project of the American leader may be the construction of a new arch at the entrance to Washington with an estimated cost of $ 100 million. The publication points out that Trump's passion for raising money sometimes "drives him to exhaustion." So, two days after returning from a "grueling trip" to Asia, the US president raised about $10 million while staying at his home residence in Mar-a-Lago.

"Previously, $10 million seemed like a huge amount. Now it's commonplace," said the source of the publication.

Axios warns investors that on the eve of the 250th anniversary of the country's independence, Trump is likely to actively attract sponsors to celebrate this date.

The American scholar assessed Trump's chances of receiving the Nobel Peace Prize

The Washington Post reported on October 28 that the White House had fired all six members of the Commission on Fine Arts, the federal agency that was supposed to review a number of construction projects by the US president, including the construction of the Arc de Triomphe and the White House ballroom. One of the dismissed, architect Bruce Becker, said that the agency plays an important role in shaping public perception of the capital and historic buildings in the United States. In September, it was noted that the cost of building a ballroom in the White House to the south of the East Wing of the building should be $200 million.

On October 3, Fox News reported that the Trump administration plans to lay off about 16,000 federal employees and cut funding for a number of projects in democratic states. These measures are related to the White House's intention to optimize costs during the shutdown period.

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