On Politics: Democrats are meddling in Republican primaries

The strategy has risks, especially in red states like Ohio. [View in browser](~/AAAAAQA~/RgRn20B5P4RIAWh0dHBzOi8vbWVzc2FnaW5nLWN1c3RvbS1uZXdzbGV0dGVycy5ueXRpbWVzLmNvbS9keW5hbWljL3JlbmRlcj9jYW1wYWlnbl9pZD01NiZlbWM9ZWRpdF9jbl8yMDI0MDMxOCZpbnN0YW5jZV9pZD0xMTc5MjkmaXNWaWV3SW5Ccm93c2VyPXRydWUmbmw9b24tcG9saXRpY3MmcGFpZF9yZWdpPTImcHJvZHVjdENvZGU9Q04mcmVnaV9pZD03NzY3NDk1MiZzZWdtZW50X2lkPTE2MTEzMCZ0ZT0xJnVyaT1ueXQlM0ElMkYlMkZuZXdzbGV0dGVyJTJGMGExYjU4ZjEtMDA0OC01ODU3LTlmMjctMzdiMDkyMmVlMDkxJnVzZXJfaWQ9YWE0OTFlZjdmMWQ5NjRlNDk3OWZiNzg0ZTc0ZTAxZDdXA255dEIKZeJ5u_hlgFRXjVIbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAD)|[nytimes.com](~/AAAAAQA~/RgRn20B5P0SvaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vP2NhbXBhaWduX2lkPTU2JmVtYz1lZGl0X2NuXzIwMjQwMzE4Jmluc3RhbmNlX2lkPTExNzkyOSZubD1vbi1wb2xpdGljcyZyZWdpX2lkPTc3Njc0OTUyJnNlZ21lbnRfaWQ9MTYxMTMwJnRlPTEmdXNlcl9pZD1hYTQ5MWVmN2YxZDk2NGU0OTc5ZmI3ODRlNzRlMDFkN1cDbnl0Qgpl4nm7-GWAVFeNUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAAAM~)[Continue reading the main story](#) [Ad](~/AAAAAQA~/RgRn20B5P0SWaHR0cHM6Ly9saXZlaW50ZW50Lm5ld3lvcmt0aW1lc2luZm8uY29tL2NsaWNrP3M9MTYyMjExJmxpPUNOJm09YWE0OTFlZjdmMWQ5NjRlNDk3OWZiNzg0ZTc0ZTAxZDcmcD1DTl8yMDI0MDMxOCZ0ZT0xJm5sPW9uLXBvbGl0aWNzJmVtYz1lZGl0X2NuXzIwMjQwMzE4VwNueXRCCmXiebv4ZYBUV41SG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAAw~~) [On Politics](~/AAAAAQA~/RgRn20B5P0S_aHR0cHM6Ly93d3cubnl0aW1lcy5jb20vc2VjdGlvbi9wb2xpdGljcz9jYW1wYWlnbl9pZD01NiZlbWM9ZWRpdF9jbl8yMDI0MDMxOCZpbnN0YW5jZV9pZD0xMTc5Mjkmbmw9b24tcG9saXRpY3MmcmVnaV9pZD03NzY3NDk1MiZzZWdtZW50X2lkPTE2MTEzMCZ0ZT0xJnVzZXJfaWQ9YWE0OTFlZjdmMWQ5NjRlNDk3OWZiNzg0ZTc0ZTAxZDdXA255dEIKZeJ5u_hlgFRXjVIbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAD) March 18, 2024 [Bernie Moreno stands holding a microphone in his left hand as he speaks to a group. In the background, windows are framed by lights.] Bernie Moreno, former President Donald Trump’s preferred candidate in Ohio’s Senate primary, received an unusual boost from the Democratic Party last week. Maddie McGarvey for The New York Times Democrats are meddling in Republican primaries [Author Headshot](~/AAAAAQA~/RgRn20B5P0S8aHR0cHM6Ly93d3cubnl0aW1lcy5jb20vYnkvbGlzYS1sZXJlcj9jYW1wYWlnbl9pZD01NiZlbWM9ZWRpdF9jbl8yMDI0MDMxOCZpbnN0YW5jZV9pZD0xMTc5Mjkmbmw9b24tcG9saXRpY3MmcmVnaV9pZD03NzY3NDk1MiZzZWdtZW50X2lkPTE2MTEzMCZ0ZT0xJnVzZXJfaWQ9YWE0OTFlZjdmMWQ5NjRlNDk3OWZiNzg0ZTc0ZTAxZDdXA255dEIKZeJ5u_hlgFRXjVIbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAD) By [Lisa Lerer](~/AAAAAQA~/RgRn20B5P0S8aHR0cHM6Ly93d3cubnl0aW1lcy5jb20vYnkvbGlzYS1sZXJlcj9jYW1wYWlnbl9pZD01NiZlbWM9ZWRpdF9jbl8yMDI0MDMxOCZpbnN0YW5jZV9pZD0xMTc5Mjkmbmw9b24tcG9saXRpY3MmcmVnaV9pZD03NzY3NDk1MiZzZWdtZW50X2lkPTE2MTEzMCZ0ZT0xJnVzZXJfaWQ9YWE0OTFlZjdmMWQ5NjRlNDk3OWZiNzg0ZTc0ZTAxZDdXA255dEIKZeJ5u_hlgFRXjVIbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAD) National Political Correspondent In the final days of a [notably nasty Republican Senate primary](~/AAAAAQA~/RgRn20B5P0TvaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAyNC8wMy8xNi91cy9wb2xpdGljcy9vaGlvLXJlcHVibGljYW4tc2VuYXRlLXByaW1hcnktdHJ1bXAuaHRtbD9jYW1wYWlnbl9pZD01NiZlbWM9ZWRpdF9jbl8yMDI0MDMxOCZpbnN0YW5jZV9pZD0xMTc5Mjkmbmw9b24tcG9saXRpY3MmcmVnaV9pZD03NzY3NDk1MiZzZWdtZW50X2lkPTE2MTEzMCZ0ZT0xJnVzZXJfaWQ9YWE0OTFlZjdmMWQ5NjRlNDk3OWZiNzg0ZTc0ZTAxZDdXA255dEIKZeJ5u_hlgFRXjVIbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAD) race in Ohio, a conservative candidate is getting an unusual boost from the Democratic Party. As my colleague Michael Bender [reported last week](~/AAAAAQA~/RgRn20B5P0TmaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAyNC8wMy8xMy91cy9wb2xpdGljcy9tb3Jlbm8tdHJ1bXAtZGVtb2NyYXRzLW9oaW8uaHRtbD9jYW1wYWlnbl9pZD01NiZlbWM9ZWRpdF9jbl8yMDI0MDMxOCZpbnN0YW5jZV9pZD0xMTc5Mjkmbmw9b24tcG9saXRpY3MmcmVnaV9pZD03NzY3NDk1MiZzZWdtZW50X2lkPTE2MTEzMCZ0ZT0xJnVzZXJfaWQ9YWE0OTFlZjdmMWQ5NjRlNDk3OWZiNzg0ZTc0ZTAxZDdXA255dEIKZeJ5u_hlgFRXjVIbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAD), [a Democratic group](~/AAAAAQA~/RgRn20B5P0TmaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAyNC8wMy8xMy91cy9wb2xpdGljcy9tb3Jlbm8tdHJ1bXAtZGVtb2NyYXRzLW9oaW8uaHRtbD9jYW1wYWlnbl9pZD01NiZlbWM9ZWRpdF9jbl8yMDI0MDMxOCZpbnN0YW5jZV9pZD0xMTc5Mjkmbmw9b24tcG9saXRpY3MmcmVnaV9pZD03NzY3NDk1MiZzZWdtZW50X2lkPTE2MTEzMCZ0ZT0xJnVzZXJfaWQ9YWE0OTFlZjdmMWQ5NjRlNDk3OWZiNzg0ZTc0ZTAxZDdXA255dEIKZeJ5u_hlgFRXjVIbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAD) is spending $2.7 million on an [ad](~/AAAAAQA~/RgRn20B5P0TiaHR0cHM6Ly9ob3N0Mi5hZGltcGFjdC5jb20vYWRtby92aWV3ZXIvODAyN2Y2NWMtYjUxNS00NmU0LTkyODgtOTYyYzFmZTZmZDRiP2NhbXBhaWduX2lkPTU2JmVtYz1lZGl0X2NuXzIwMjQwMzE4Jmluc3RhbmNlX2lkPTExNzkyOSZubD1vbi1wb2xpdGljcyZyZWdpX2lkPTc3Njc0OTUyJnNlZ21lbnRfaWQ9MTYxMTMwJnRlPTEmdXNlcl9pZD1hYTQ5MWVmN2YxZDk2NGU0OTc5ZmI3ODRlNzRlMDFkN1cDbnl0Qgpl4nm7-GWAVFeNUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAAAM~) highlighting the conservative credentials of Bernie Moreno, the Cleveland-area businessman backed by former President Donald Trump. The ad says Moreno is a “MAGA Republican” who is “too conservative for Ohio,” describing him in terms that are likely to make him more appealing to conservative Ohio primary voters. Party strategists believe Moreno will be an easier opponent for the incumbent Democratic senator, Sherrod Brown, in the general election. Meddling in Republican primaries has become a regular tactic for Democrats in recent years. But it has become more ideologically complicated as President Biden campaigns on the need to defend democracy from Trump-aligned Republicans like Moreno. In his Senate bid, Moreno has embraced Trump’s falsehoods about the 2020 election, repeating the former president’s discredited charges of a “stolen” election and calling those prosecuted for storming the Capitol “political prisoners.” The risk of such primary meddling is that Democrats could undercut Mr. Biden’s message about the threat to democracy and further erode trust in elections. Not to mention, of course, the chance that Moreno could win in November. A history of meddling One of the earliest cases of Democrats’ intervening in a Republican primary took place in 2012, when Senator Claire McCaskill of Missouri, the Democratic incumbent, ran ads to help Todd Akin, a conservative Republican congressman, win his party’s nomination. McCaskill knew that Missouri was trending to the right, and that her approval rating would be dragged down by President Obama’s unpopularity in the state. Her best chance for re-election was to paint herself as the “reasonable moderate” in the race. And for that, she needed an extreme Republican opponent. Her team poured $1.7 million into ads in the Republican primary race, casting Akin as “the most conservative congressman in Missouri” and “Missouri’s true conservative.” The tactic succeeded. After Akin won the Republican nomination, McCaskill went on to defeat him in the general election. Boosting the far right The strategy [has become more popular in recent years](~/AAAAAQA~/RgRn20B5P0TzaHR0cHM6Ly93d3cud2FzaGluZ3RvbnBvc3QuY29tL3BvbGl0aWNzLzIwMjIvMDkvMTIvZGVtb2NyYXRzLWludGVyZmVyZS1yZXB1YmxpY2FuLXByaW1hcmllcy8_Y2FtcGFpZ25faWQ9NTYmZW1jPWVkaXRfY25fMjAyNDAzMTgmaW5zdGFuY2VfaWQ9MTE3OTI5Jm5sPW9uLXBvbGl0aWNzJnJlZ2lfaWQ9Nzc2NzQ5NTImc2VnbWVudF9pZD0xNjExMzAmdGU9MSZ1c2VyX2lkPWFhNDkxZWY3ZjFkOTY0ZTQ5NzlmYjc4NGU3NGUwMWQ3VwNueXRCCmXiebv4ZYBUV41SG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAAw~~), especially as Republican primary races have tilted ever more to the right. In 2022, Democrats spent about $53 million lifting far-right Republican candidates who questioned or denied the results of the 2020 election, [according to The Washington Post](~/AAAAAQA~/RgRn20B5P0TzaHR0cHM6Ly93d3cud2FzaGluZ3RvbnBvc3QuY29tL3BvbGl0aWNzLzIwMjIvMDkvMTIvZGVtb2NyYXRzLWludGVyZmVyZS1yZXB1YmxpY2FuLXByaW1hcmllcy8_Y2FtcGFpZ25faWQ9NTYmZW1jPWVkaXRfY25fMjAyNDAzMTgmaW5zdGFuY2VfaWQ9MTE3OTI5Jm5sPW9uLXBvbGl0aWNzJnJlZ2lfaWQ9Nzc2NzQ5NTImc2VnbWVudF9pZD0xNjExMzAmdGU9MSZ1c2VyX2lkPWFhNDkxZWY3ZjFkOTY0ZTQ5NzlmYjc4NGU3NGUwMWQ3VwNueXRCCmXiebv4ZYBUV41SG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAAw~~), largely in states that lean Democratic. Most of that spending was in Illinois, where the party successfully promoted a Republican candidate for governor, Darren Bailey, who said it was “appalling” that Republicans in the state wanted Trump to concede the 2020 election. (Bailey, now running for a House seat, was a [subject of Friday’s newsletter](~/AAAAAQA~/RgRn20B5P0TzaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAyNC8wMy8xNS91cy9wb2xpdGljcy90aGUtaG91c2UtcmFjZXMtdGhhdC10ZWxsLWEtYmlnZ2VyLXN0b3J5Lmh0bWw_Y2FtcGFpZ25faWQ9NTYmZW1jPWVkaXRfY25fMjAyNDAzMTgmaW5zdGFuY2VfaWQ9MTE3OTI5Jm5sPW9uLXBvbGl0aWNzJnJlZ2lfaWQ9Nzc2NzQ5NTImc2VnbWVudF9pZD0xNjExMzAmdGU9MSZ1c2VyX2lkPWFhNDkxZWY3ZjFkOTY0ZTQ5NzlmYjc4NGU3NGUwMWQ3VwNueXRCCmXiebv4ZYBUV41SG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAAw~~).) [Continue reading the main story](#a11y-skip-universal-0) ADVERTISEMENT [Ad](~/AAAAAQA~/RgRn20B5P0SVaHR0cHM6Ly9saXZlaW50ZW50Lm5ld3lvcmt0aW1lc2luZm8uY29tL2NsaWNrP3M9MzMzNTEmbGk9Q04mbT1hYTQ5MWVmN2YxZDk2NGU0OTc5ZmI3ODRlNzRlMDFkNyZwPUNOXzIwMjQwMzE4JnRlPTEmbmw9b24tcG9saXRpY3MmZW1jPWVkaXRfY25fMjAyNDAzMThXA255dEIKZeJ5u_hlgFRXjVIbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAD) The tactic has carried over to this cycle. Earlier this month, Representative Adam Schiff, a Democrat running for Senate in California, [spent $10 million](~/AAAAAQA~/RgRn20B5P0TgaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAyNC8wMi8yMC91cy9zdGV2ZS1nYXJ2ZXktY2FsaWZvcm5pYS1zZW5hdGUuaHRtbD9jYW1wYWlnbl9pZD01NiZlbWM9ZWRpdF9jbl8yMDI0MDMxOCZpbnN0YW5jZV9pZD0xMTc5Mjkmbmw9b24tcG9saXRpY3MmcmVnaV9pZD03NzY3NDk1MiZzZWdtZW50X2lkPTE2MTEzMCZ0ZT0xJnVzZXJfaWQ9YWE0OTFlZjdmMWQ5NjRlNDk3OWZiNzg0ZTc0ZTAxZDdXA255dEIKZeJ5u_hlgFRXjVIbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAD) to elevate Steve Garvey, a Republican former baseball star. Garvey came in second in the state’s “jungle” primary, where the two top finishers advance to the general election regardless of their party affiliation. Schiff is widely considered to be on a glide path to the Senate. The approach has also played out in some swing states. In the Pennsylvania governor’s race in 2022, Josh Shapiro, the Democratic nominee, ran an ad during the Republican primary highlighting the conservative credentials of Doug Mastriano, a [right-wing candidate.](~/AAAAAQA~/RgRn20B5P0TjaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAyMi8wNy8wOC91cy9jaHJpc3RpYW4tbmF0aW9uYWxpc20tcG9saXRpY2lhbnMuaHRtbD9jYW1wYWlnbl9pZD01NiZlbWM9ZWRpdF9jbl8yMDI0MDMxOCZpbnN0YW5jZV9pZD0xMTc5Mjkmbmw9b24tcG9saXRpY3MmcmVnaV9pZD03NzY3NDk1MiZzZWdtZW50X2lkPTE2MTEzMCZ0ZT0xJnVzZXJfaWQ9YWE0OTFlZjdmMWQ5NjRlNDk3OWZiNzg0ZTc0ZTAxZDdXA255dEIKZeJ5u_hlgFRXjVIbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAD) Mastriano won the primary, then Shapiro beat him in a landslide. Dangerous territory Some Democrats say the tactic risks undercutting a central campaign message about the dangers to democracy if Trump retakes power. “It is risky and unethical to promote any candidate whose campaign is based on eroding trust in our elections,” [wrote nearly three dozen former Democratic](~/AAAAAQA~/RgRn20B5P4QPAWh0dHBzOi8vaXNzdWVvbmUub3JnL2FydGljbGVzL3BvbGl0aWNhbC1sZWFkZXJzLWRlbm91bmNlLWRlbW9jcmF0cy13aG8tZWxldmF0ZS1lbGVjdGlvbi1kZW5pZXJzLWluLXJlcHVibGljYW4tcHJpbWFyaWVzLz9jYW1wYWlnbl9pZD01NiZlbWM9ZWRpdF9jbl8yMDI0MDMxOCZpbnN0YW5jZV9pZD0xMTc5Mjkmbmw9b24tcG9saXRpY3MmcmVnaV9pZD03NzY3NDk1MiZzZWdtZW50X2lkPTE2MTEzMCZ0ZT0xJnVzZXJfaWQ9YWE0OTFlZjdmMWQ5NjRlNDk3OWZiNzg0ZTc0ZTAxZDdXA255dEIKZeJ5u_hlgFRXjVIbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAD) House and Senate lawmakers in 2022. “Our democracy is fragile, therefore we cannot tolerate political parties attempting to prop up candidates whose message is to erode our dedication to fair elections.” [Continue reading the main story](#a11y-skip-universal-0) ADVERTISEMENT [Ad](~/AAAAAQA~/RgRn20B5P0SWaHR0cHM6Ly9saXZlaW50ZW50Lm5ld3lvcmt0aW1lc2luZm8uY29tL2NsaWNrP3M9MTYyMjA4JmxpPUNOJm09YWE0OTFlZjdmMWQ5NjRlNDk3OWZiNzg0ZTc0ZTAxZDcmcD1DTl8yMDI0MDMxOCZ0ZT0xJm5sPW9uLXBvbGl0aWNzJmVtYz1lZGl0X2NuXzIwMjQwMzE4VwNueXRCCmXiebv4ZYBUV41SG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAAw~~) There’s also a big difference between meddling in a blue state or a swing state, and one like Ohio that has become reliably Republican in recent elections. In 2020, Trump beat Biden by eight points in the state. Two years later, J.D. Vance, the Republican Senate nominee, won by six points. Ohio’s conservative terrain poses real peril for this meddling strategy. If Democrats help Moreno become the Republican nominee, that could give Brown an advantage. But Democrats could just as easily end up helping to elect the very kind of candidate they most vocally oppose. [Continue reading the main story](#a11y-skip-universal-0) ADVERTISEMENT [Ad](~/AAAAAQA~/RgRn20B5P0SWaHR0cHM6Ly9saXZlaW50ZW50Lm5ld3lvcmt0aW1lc2luZm8uY29tL2NsaWNrP3M9NzIzMjk3JmxpPUNOJm09YWE0OTFlZjdmMWQ5NjRlNDk3OWZiNzg0ZTc0ZTAxZDcmcD1DTl8yMDI0MDMxOCZ0ZT0xJm5sPW9uLXBvbGl0aWNzJmVtYz1lZGl0X2NuXzIwMjQwMzE4VwNueXRCCmXiebv4ZYBUV41SG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAAw~~) [Donald Trump, left, sits facing an interviewer, right, with a small group of people looking on in the background. In the foreground, out of focus, is video recording equipment.] Donald Trump failed to secure a roughly half-billion-dollar bond in his civil fraud case in New York, his lawyers disclosed on Monday. Doug Mills/The New York Times Donald Trump’s financial crisis Donald Trump’s lawyers disclosed on Monday that he had failed to secure a [roughly half-billion dollar bond](~/AAAAAQA~/RgRn20B5P0ThaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAyNC8wMi8yNC9ueXJlZ2lvbi90cnVtcC1mcmF1ZC10cmlhbC1wZW5hbHR5Lmh0bWw_Y2FtcGFpZ25faWQ9NTYmZW1jPWVkaXRfY25fMjAyNDAzMTgmaW5zdGFuY2VfaWQ9MTE3OTI5Jm5sPW9uLXBvbGl0aWNzJnJlZ2lfaWQ9Nzc2NzQ5NTImc2VnbWVudF9pZD0xNjExMzAmdGU9MSZ1c2VyX2lkPWFhNDkxZWY3ZjFkOTY0ZTQ5NzlmYjc4NGU3NGUwMWQ3VwNueXRCCmXiebv4ZYBUV41SG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAAw~~) in his civil fraud case in New York, raising the prospect that the state could seek to freeze some of his bank accounts and seize some of his marquee properties. The court filing, coming one week before the bond is due, suggested that the [former president might soon face a financial crisis](~/AAAAAQA~/RgRn20B5P0TiaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAyNC8wMi8xNy9ueXJlZ2lvbi90cnVtcC1jaXZpbC1jYXNlcy1taWxsaW9ucy5odG1sP2NhbXBhaWduX2lkPTU2JmVtYz1lZGl0X2NuXzIwMjQwMzE4Jmluc3RhbmNlX2lkPTExNzkyOSZubD1vbi1wb2xpdGljcyZyZWdpX2lkPTc3Njc0OTUyJnNlZ21lbnRfaWQ9MTYxMTMwJnRlPTEmdXNlcl9pZD1hYTQ5MWVmN2YxZDk2NGU0OTc5ZmI3ODRlNzRlMDFkN1cDbnl0Qgpl4nm7-GWAVFeNUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAAAM~). Trump has asked the appeals court to pause the $454 million judgment that a [New York judge imposed on Trump](~/AAAAAQA~/RgRn20B5P0TmaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAyNC8wMi8xNi9ueXJlZ2lvbi90cnVtcC1jaXZpbC1mcmF1ZC10cmlhbC1ydWxpbmcuaHRtbD9jYW1wYWlnbl9pZD01NiZlbWM9ZWRpdF9jbl8yMDI0MDMxOCZpbnN0YW5jZV9pZD0xMTc5Mjkmbmw9b24tcG9saXRpY3MmcmVnaV9pZD03NzY3NDk1MiZzZWdtZW50X2lkPTE2MTEzMCZ0ZT0xJnVzZXJfaWQ9YWE0OTFlZjdmMWQ5NjRlNDk3OWZiNzg0ZTc0ZTAxZDdXA255dEIKZeJ5u_hlgFRXjVIbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAD) in the fraud case last month, or accept a bond of only $100 million. He has been unable to secure the full bond, his lawyers said, calling it a “practical impossibility” despite “diligent efforts.” He has approached about 30 companies that provide appeal bonds, the lawyers said, but has encountered “insurmountable difficulties.” The companies would essentially promise to cover Trump’s judgment if he lost an appeal and failed to pay. In exchange, he would pledge collateral and pay the company a fee as high as 3 percent of the bond. They appear to be balking over a significant problem: Trump does not have enough liquid assets to obtain the bond. To offer a bond of this size, the companies would require Trump to pledge more than $550 million in cash, stocks and bonds as collateral — a sum he simply does not have. Trump has more than $350 million in cash, a recent New York Times analysis found, far short of what he needs. Although the former president boasts of his billions, his net worth is derived largely from the value of his real estate, which bond companies rarely accept as collateral. The looming deadline could not come at a worse time for Trump. Just last week he finalized a $91.6 million bond in a defamation case he recently lost to the writer E. Jean Carroll. — Ben Protess, Kate Christobek and Maggie Haberman [Read the full story here](~/AAAAAQA~/RgRn20B5P0TjaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAyNC8wMy8xOC9ueXJlZ2lvbi90cnVtcC1ib25kLWNpdmlsLWZyYXVkLWNhc2UuaHRtbD9jYW1wYWlnbl9pZD01NiZlbWM9ZWRpdF9jbl8yMDI0MDMxOCZpbnN0YW5jZV9pZD0xMTc5Mjkmbmw9b24tcG9saXRpY3MmcmVnaV9pZD03NzY3NDk1MiZzZWdtZW50X2lkPTE2MTEzMCZ0ZT0xJnVzZXJfaWQ9YWE0OTFlZjdmMWQ5NjRlNDk3OWZiNzg0ZTc0ZTAxZDdXA255dEIKZeJ5u_hlgFRXjVIbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAD). 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Hamas’s attack on Israel. Inflation. The former president has insisted that none would have occurred if he had remained in office after 2020. By Angelo Fichera](~/AAAAAQA~/RgRn20B5P0TzaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAyNC8wMy8xNi91cy9wb2xpdGljcy90cnVtcHMtY291bnRlcmZhY3R1YWxzLWFsdGVybmF0ZS1yZWFsaXR5Lmh0bWw_Y2FtcGFpZ25faWQ9NTYmZW1jPWVkaXRfY25fMjAyNDAzMTgmaW5zdGFuY2VfaWQ9MTE3OTI5Jm5sPW9uLXBvbGl0aWNzJnJlZ2lfaWQ9Nzc2NzQ5NTImc2VnbWVudF9pZD0xNjExMzAmdGU9MSZ1c2VyX2lkPWFhNDkxZWY3ZjFkOTY0ZTQ5NzlmYjc4NGU3NGUwMWQ3VwNueXRCCmXiebv4ZYBUV41SG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAAw~~) Read past editions of the newsletter [here](~/AAAAAQA~/RgRn20B5P0TEaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vc3BvdGxpZ2h0L29uLXBvbGl0aWNzP2NhbXBhaWduX2lkPTU2JmVtYz1lZGl0X2NuXzIwMjQwMzE4Jmluc3RhbmNlX2lkPTExNzkyOSZubD1vbi1wb2xpdGljcyZyZWdpX2lkPTc3Njc0OTUyJnNlZ21lbnRfaWQ9MTYxMTMwJnRlPTEmdXNlcl9pZD1hYTQ5MWVmN2YxZDk2NGU0OTc5ZmI3ODRlNzRlMDFkN1cDbnl0Qgpl4nm7-GWAVFeNUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAAAM~). 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