• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

2

OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation

3

‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion

1

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

2

OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation

3

‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion
PoliticsElections

Trump’s numbers are sinking. He’s dragging his party down there with him

By
Bill Barrow
Bill Barrow
,
Steve Peoples
Steve Peoples
, and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Bill Barrow
Bill Barrow
,
Steve Peoples
Steve Peoples
, and
The Associated Press
The Associated Press
Down Arrow Button Icon
May 28, 2026, 7:30 AM ET
t
President Donald Trump speaks during a Cabinet meeting at the White House, Wednesday, May 27, 2026, in Washington, as Secretary of Defense Pete Hegseth, looks on. AP Photo/Jacquelyn Martin
Add Fortune on Google for similar content.

Donald Trump is on a winning streak in Republican primaries, most recently endorsing Ken Paxton ahead of his Tuesday runoff victory over Sen. John Cornyn in Texas.

Recommended Video

The president bragged at his Cabinet meeting Wednesday that Paxton’s romp “was a prelude” for success in the November midterms. But Trump’s tightening grip on his party could make it harder to hold back Democratic advances as Republicans face a broader electorate that has soured on his second term and the economy.

The risk is compounded, Republican operatives say, by how cavalier the billionaire president has been in addressing Americans’ financial worries, which have been exacerbated by Trump’s trade roller coaster and his ongoing war against Iran. And the president gave them new material to worry about when he said concerns about November are playing no part in his negotiations with Tehran.

“They thought they were going to out-wait me. You know, ’We’ll out-wait him. He’s got the midterms,” Trump said while surrounded by top administration officials. “I don’t care about the midterms.”

The only priority, he said, was keeping Iran from developing a nuclear weapon.

Republican strategist David Urban, a Trump ally, acknowledged the president’s approach is making things harder for his party.

“It’s going to be a tough fall unless things dramatically change,” Urban said.

He warned that Trump cannot afford a haphazard exit from Iran to resolve a conflict that has created a chokehold on global oil supplies and driven gas prices higher for Americans.

“You do not want to give the Iranians a win just because of the midterms,” he said.

Trump, meanwhile, offered no second thoughts about backing Paxton over Cornyn. Senate Republican leaders have feared that Paxton would be the more vulnerable nominee because of years of scandals, but the president insisted on social media that the Texas attorney general will “become a fantastic, common sense Senator, one who is respected by all.”

Still, Trump hinted he may be aware that Paxton will need an extra boost in a state that hasn’t elected a Democratic senator since 1988.

“I will do some nice, big, beautiful rallies for Ken. Texas, this will be FUN!” Trump wrote.

Trump brushes off economic troubles

Not only are prices higher after Trump’s tariffs and his Iran war, but the president has repeatedly described affordability concerns as a “hoax.”

Trump has mused that increases in gas prices — up more than 50% in the U.S. since Trump and Israel launched attacks on Iran — amount to “peanuts.” He previously said he does not consider Americans’ personal finances “even a little bit” when mulling his options on the war.

All of that comes as Trump badgers Congress to spend $1 billion on his White House ballroom project and allocate $1.8 billion to pay restitution to people who believe they were prosecuted for political purposes — potentially including those who violently attacked the U.S. Capitol on Jan. 6, 2021.

It’s a cascade that Republicans in every battleground House district, Senate election or statewide contest will have to navigate in the fall.

“You keep the House and Senate by having a message, by dealing with the issues voters are clearly complaining about,” said Republican strategist Rick Tyler, a Trump critic. “The administration has utterly failed to do this.”

It has been more than two weeks since the Republican National Committee distributed talking points to surrogates that mention the economy, according to messaging documents reviewed by The Associated Press.

The only talking points sent out last week focused on defending Trump’s $1.8 billion “anti-weaponization fund.”

“Democrats and the fake-news media are deliberately ignoring the fact that this fund is not limited to Republicans or Trump supporters,” said the message on May 23.

Democrats see opportunity in Trump’s struggles

Republicans began Trump’s second presidency with a 220-215 advantage in the House. They’ve boosted their chances to hold the majority by redrawing congressional maps in several Republican-run states. But Democrats are still confident they can flip enough seats to reclaim a majority.

Republicans have a more significant 53-47 advantage in the Senate. However, leaders of both parties agree that control of the chamber is in play. Some Republicans blame Trump for backing candidates such as Paxton, who has faced years of scandals and could prove more vulnerable against Democratic nominee James Talarico.

Trump hails Paxton as a “true MAGA warrior.” But the state attorney general also carries the weight of a yearslong criminal securities fraud case and disclosure of marital infidelity. He was indicted and impeached, but survived efforts to remove him from office and was reelected twice during the investigation. However, he ultimately agreed to pay $300,000 in restitution to avoid a felony trial.

Paxton’s baggage was enough that Senate Republicans’ campaign arm, which backed Cornyn, accused him of “repulsive and disgusting” behavior and quoted his ex-wife saying she filed for divorce “on biblical grounds.”

Viet Shelton, a spokesman for House Democrats’ campaign committee, pointed to Trump’s redistricting push as proof he understands his party’s tenuous hold on the House majority.

“They’ve given up on trying to win over voters fair and square, so they’re resorting to rigging the midterms through illegal gerrymanders and voter suppression,” Shelton said.

Democrats plan to feature Trump’s comments on the economy in advertising this fall, as well as more specific local concerns — even in places the president carried by double digits in 2024.

In U.S. House districts in Iowa, for example, that means emphasizing how tariffs have affected the farm economy and how the war in Iran has increased the prices of diesel fuel and fertilizer. In the Rio Grande Valley of Texas, that means talking about how Trump’s immigration crackdown has roiled the local economy in Latino communities.

Republicans are frustrated behind closed doors

Republican strategists are worried by Trump’s lack of focus on the economy — and the lack of transparency from Trump’s team about how it plans to deploy its massive campaign accounts.

The pro-Trump super PAC known as MAGA Inc. held more than $356 million at the end of April. Yet many Republican strategists say they’ve received no clear indication of how, where and when Trump’s team plans to spend the money, according to several operatives who spoke on the condition of anonymity to discuss private conversations.

They see one bright spot in James Blair, Trump’s political general, leaving the White House to focus on the midterms.

The White House did not respond to a request for comment on the president’s strategy and confidence about the midterms.

Mike Marinella, spokesperson for the National Republican Congressional Committee, said Trump “puts House Republicans in the strongest possible position to defy history and win in November.”

Of course, a candidate must win the Republican nomination to even be around for the fall campaign.

“The president has chosen to be aggressive in endorsing candidates he believes are the best advocates for his agenda and have been loyal to him,” Republican campaign veteran Chip Lake said.

Lake is leading an independent expenditure effort on behalf of Georgia Republican Burt Jones, the Trump-endorsed candidate in a June 16 primary runoff for governor.

“It’s difficult, if not impossible,” Lake said, “to win a primary in today’s environment if the president is working against you.”

___

Barrow reported from Atlanta. Peoples reported from New York.

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Authors
By Bill Barrow
See full bioRight Arrow Button Icon
By Steve Peoples
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Politics

Anthea Hartig, Director of the National Museum of American History, looks to her left at a House Committee.
PoliticsWhite House
Smithsonian director derides a White House report branding the museum as ‘woke’
By The Associated Press and Steven SloanJuly 21, 2026
12 hours ago
Trump says ‘we’re gonna help’ Lebanon as he moves to restore direct flights after four-decade hiatus
North AmericaDonald Trump
Trump says ‘we’re gonna help’ Lebanon as he moves to restore direct flights after four-decade hiatus
By Kareem Chehayeb and Will WeissertJuly 21, 2026
12 hours ago
Defense Secretary Pete Hegseth sits and speaks at a Senate Committee Hearing
PoliticsDonald Trump
‘Without these funds, we face critical shortfalls’: Hegseth on additional defense spending following $37.5B Iran War price tag
By The Associated Press and Lisa MascaroJuly 21, 2026
12 hours ago
kid lying down on phone
PoliticsSocial Media
Lawmakers say they’re protecting kids—but their age checks are quietly building an ID requirement for the entire internet
By Catherina GioinoJuly 21, 2026
12 hours ago
Moldova’s parliament elects 44-year-old businessman investor Vasile Tofan as prime minister
PoliticsEuropean Union
Moldova’s parliament elects 44-year-old businessman investor Vasile Tofan as prime minister
By The Associated PressJuly 21, 2026
12 hours ago
Bill Gates called meeting Epstein a ‘grave error in judgment.’ A new review shows the Gates Foundation still met with him about 30 times
North AmericaBill Gates
Bill Gates called meeting Epstein a ‘grave error in judgment.’ A new review shows the Gates Foundation still met with him about 30 times
By James Pollard and The Associated PressJuly 21, 2026
14 hours ago

Most Popular

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
Success
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
By Sasha RogelbergJuly 20, 2026
2 days ago
OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation
Cybersecurity
OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation
By Jeremy Kahn and Emily ForliniJuly 21, 2026
14 hours ago
‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion
Success
‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion
By Sydney LakeJuly 20, 2026
2 days ago
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
AI
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
By Eva RoytburgJuly 21, 2026
17 hours ago
Despite a $156 million contract, Knicks star Jalen Brunson still calls his parents for financial advice any time he makes a big purchase
Success
Despite a $156 million contract, Knicks star Jalen Brunson still calls his parents for financial advice any time he makes a big purchase
By Emma BurleighJuly 21, 2026
18 hours ago
'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
AI
'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
By Jason MaJuly 18, 2026
3 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.