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Politics

Report: RNC begging Adelson for $6 mln in aid

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Opening sequence

Politics

Report: RNC begging Adelson for $6 mln in aid

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COMING UP:Report: RNC begging Adelson for $6 mln in aid

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Transcript

00:00:00
>>
NOISE] J
st days away from the start of the Republican National Convention, and organizers are so desperately short of cash that they're now begging for it, from this guy. Politico reporting organizers from the Cleveland 2016 host committee sent a letter to casino mogul Sheldon Adelson asking for $6 million to get them on track.
00:00:21
The letter reportedly goes on to list the companies and donors that have cancelled or withdrawn support. Industrialist David Koch, nixed to $1 million pledge. Coca-Cola pulled at $1 million as well, FedEx, half a million. Many have publicly pulled support due to comments presumptive nominee Donald Trump has made about Mexicans, immigrants and Muslims.
00:00:42
Many businesses object to the candidate's statements on free trade. The letter, the clearest sign yet that Trump is costing the organizers money. Citing the letter from the host committee, Politico reports the RNC has raised $58 million, six million short of its target. Adelson, who is estimated to be worth 25 billion, is famous for hating government regulation and loving Israel, is one of only a few of Republican mega donors to come out strongly in support of Donald Trump.
00:01:10
Adelson and the RNC declined to comment.