Donald Trump is turning his campaign loan into a huge contribution

Donald Trump's campaign said Thursday the presumptive Republican nominee will not be paying himself back the tens of millions of dollars he loaned his campaign through May.

"Mr. Trump has fully extinguished this loan per his commitment," his campaign said in a statement. "Therefore, he has personally invested in excess of $50 million in the future of our country." His latest filing with the Federal Election Commission shows that through the end of May, Trump loaned his campaign $45.7 million. He started off June trailing Hillary Clinton by a huge margin, with just $1.3 million on hand compared to Clinton's $42.5 million war chest.

By not paying himself back with contributions to his campaign, Trump's is doing something "unprecedented," Gaylord Hughley, a Trump supporter and fundraiser, told Reuters. "I think it indicates that he's all in and he wants every dollar to be spent toward a successful campaign for the general election."

The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up