{"text":[[{"start":10.65,"text":"Maga Inc, the main political fundraising group supporting Donald Trump, has amassed a nearly $350mn war chest, an unprecedented haul for the president’s allies to defend the Republican Party’s control of Congress in November’s midterm elections."}],[{"start":25.700000000000003,"text":"The Super Pac raised over $35mn in March, fuelled by a $25mn donation by roofing supply billionaire Diane Hendricks and $6mn from tech investors Marc Andreessen and Ben Horowitz, federal filings released on Monday showed. "}],[{"start":44,"text":"Last month’s donations also included $1mn from a subsidiary of Geo Group, a company that provides immigration detention facilities and has boomed under Trump’s immigration crackdown. "}],[{"start":55.15,"text":"Maga Inc’s current cash pile is more than any Super Pac supporting a sitting president has obtained in a non-presidential election year. Ahead of the midterms in 2018 and 2022, groups supporting Trump and Joe Biden were roughly a tenth of the size of Maga Inc today."}],[{"start":73.95,"text":"The group’s cash on hand is almost three times larger than the Republican National Committee’s, and is comparable to the combined force of four political groups aligned with the House and Senate GOP leadership. "}],[{"start":86.4,"text":"The Senate Leadership Fund, Congressional Leadership Fund, National Republican Congressional Committee, National Republican Senatorial Committee have $379mn on hand, according to filings released on Monday. "}],[{"start":null,"text":"
"}],[{"start":99.75,"text":"Democratic groups are far behind in the 2026 money race. The Democratic Party and groups aligned with its congressional leadership have about half as much as their Republican counterparts."}],[{"start":110.6,"text":"Although Maga Inc could use its largesse to back midterm candidates who support the president’s agenda, it has so far deployed its war chest sparingly. In March it spent just $17,900 in support of a US House candidate to replace Marjorie Taylor Greene."}],[{"start":126.89999999999999,"text":"Donations to Maga Inc in the past month added to the hundreds of millions of dollars already raised from energy, finance, tech and cryptocurrency interests — a remarkable feat for a president who is barred from running for re-election."}],[{"start":141.39999999999998,"text":"Venture capital firm Andreessen Horowitz, one of the most powerful tech voices in Washington, has lobbied heavily for the passage of a bill that would provide a market structure for crypto, and for an executive order that threatens to penalise states that pass their own artificial intelligence regulations."}],[{"start":158.7,"text":"Tech interests donated heavily to Maga Inc last year. The Pac attracted $30mn from Crypto.com, which has signed multiple deals with businesses linked to Trump’s family. OpenAI president Greg Brockman and his wife Anna gave the group a combined $25mn, while TikTok investor Jeff Yass gave $16mn."}],[{"start":179.45,"text":"Andreessen Horowitz is also the largest funder of Leading the Future, a pro-AI Super Pac founded last year which supports candidates who back the industry’s policy agenda. The duo donated $50mn to the group so far, while OpenAI’s Greg Brockman has given $25mn."}],[{"start":197.45,"text":"In total, the crypto and AI industries have raised about $250mn over the past year to support congressional candidates in November’s US midterm elections, an FT analysis found."}],[{"start":210.2,"text":"Andreessen Horowitz, Hendricks and Geo Group did not immediately respond to requests for comment."}],[{"start":216.75,"text":"Other Pacs that supported Trump’s last election effort have continued to raise money. Never Surrender, Inc raised $5.5mn in the first quarter of 2026 mostly through small-dollar donations. The group currently sits on a war chest of about $50mn."}],[{"start":237.65,"text":"Additional reporting by George Hammond in San Francisco "}],[{"start":249.15,"text":""}]],"url":"https://audio.ftcn.net.cn/album/a_1776749730_3592.mp3"}