Trump Pushes $400M to GOP in Midterms as Bloomberg Drops $80M For Democrats

Two weeks out from Election Day, President Donald Trump announced he will have spent $400 million on seeking to help Republican Party candidates in what he described as the country's most important midterm election in its history.

In a post to Truth Social Tuesday, Trump said most of his funds—around $300 million—had already been spent on advertising, voter contact, rallies, and election integrity initiatives.

"Because of my belief in the Republican Party, and all of our Policies and Principles, and especially after witnessing what is taking place in France, and other locations throughout Europe, I am pleased to announce that, having to do with the Most Important Midterm Elections in our Country’s History, I have spent, or will be spending, over 400 Million Dollars by Election Day," Trump said on Truth Social.

"It is my Great Honor to do so on behalf of the Republican Party, which has done so much to bring our Country back from the Edge of Oblivion."

The president's announcement comes amid turbulent polling ahead of the November 3 election which will decide whether the GOP maintains control of Congress, or the Democratic Party can win over enough voters to take back control of one or both chambers.

Earlier Tuesday, former New York City Democratic Mayor Michael Bloomberg's team told The New York Times he had spent around $80 million across September and October to help Democrats across the U.S.

Trump's Struggling Poll Numbers

The president's spending announcement falls as his approval rating remains low in Senate battlegrounds, with the GOP facing headwinds, including high gas prices, as they defend their majority.

A recent Reuters/Ipsos poll, conducted October 16-19 among 1,679 adults, showed Trump had a net approval rating of -35 points, with 31 percent approving and 66 percent disapproving of the job he is doing.

In Maine, where GOP Senator Susan Collins is trying to keep her seat, 63 percent of voters disapprove of the president. Over in Michigan, where GOP Representative Mike Rogers is seeking to beat Democratic candidate Abdul El-Sayed, Trump also faces a disapproval rating over 60 percent.

While Trump himself is not on the ballot, he has switched back-and-forth in telling voters they should vote as if he is on the ticket.

This is a breaking news story. Updates to follow.