In a new analysis, it has been revealed that former President Donald Trump's campaign funds could be emptied by the mounting legal fees he faces just as he needs to ramp up spending against potential opponent Joe Biden in the upcoming presidential campaign. The analysis suggests that Trump is set to spend $26.6 million, which has been raised by an allied super PAC for his legal battles, by July - a month that coincides with the Republican National Convention and the official start of the campaign season.

The report, published by Bloomberg News on Wednesday, highlights the concern that Trump's war chest could be significantly depleted by summer, leaving him with limited options for financing his defense while simultaneously funding his presidential campaign. This scenario could put the GOP frontrunner in a financially challenging position at a critical time.

According to Bloomberg, Trump's limited and potentially undesirable options for addressing this cash crunch include seeking legal fee support from the Republican National Committee (RNC). This may explain his recent endorsement of his daughter-in-law, Lara Trump, for a co-chair position within the committee. Lara Trump has pledged to dedicate every penny to his campaign. However, this approach may hinder the RNC's ability to allocate funds towards winning elections, as it is already facing financial constraints. The RNC is reportedly starting the year with just $8 million, while its Democratic counterpart, the Democratic National Committee, boasts $21 million in funds.

Alternatively, Trump could tap into additional funds from small-dollar donors to his leadership PAC, Save America. Bloomberg reports that the former president already spends 10 cents of every dollar donated on legal expenses, which totaled $9.9 million in 2023. Furthermore, Trump's campaign reportedly spent $13.6 million more than it raised in the same year, gradually depleting the nest egg from Save America.

As the legal battles continue and expenses accumulate, Trump will need to carefully navigate his financial situation to ensure he has enough resources to effectively compete against Joe Biden in the upcoming presidential campaign. The impact of these mounting legal fees on the campaign's financial health could have significant implications for Trump's ability to wage a robust and well-funded campaign.