ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

Koch Network Halts Funding Nikki Haley's Presidential Bid After South Carolina Primary Loss

The announcement came just a day after she lost to former Donald Trump in South Carolina primaries.
PUBLISHED FEB 26, 2024
Republican presidential candidate former U.N. Ambassador Nikki Haley | Getty Images | Photo by Michael M. Santiago
Republican presidential candidate former U.N. Ambassador Nikki Haley | Getty Images | Photo by Michael M. Santiago

Americans for Prosperity Action, which is backed by conservative billionaire Charles Koch, announced on Sunday that it will stop funding Nikki Haley’s presidential campaign. The announcement came a day after she lost to former President Donald Trump in her home-state primary in South Carolina. The organization said it still endorses Haley for president, but its support will now be symbolic with words and not cash. The officials also stated that AFP Action has decided to refocus its mission on United States Senate and House races, according to an internal email memo from CEO Emily Seidel, reviewed by Politico.



 

The Koch Network’s flagship political group channeled its support to Haley, a Donald Trump opponent in 2024. However, after her loss, AFP Action withdrew its spending toward the presidential primary.

The former South Carolina governor and UN ambassador said that she will continue with her campaign. In the staff memo, AFP Action CEO Emily Seidel wrote that the group had to “take stock” of its 2024 elections strategy.



 

“Nikki Haley has shown us again and again that we made the right decision in supporting her candidacy and she continues to have our strong endorsement, but given the challenges in the primary states ahead, we don’t believe any outside group can make a material difference to widen her path to victory,” Seidel wrote in the email according to The Washington Post.

The campaigns for both Trump and Haley saw a big expenditure at the start of the year, according to Federal Election Commission filings from January. However, AFP Action’s decision to move its efforts away from the presidential primary is a big blow to Haley, who is already struggling in the primaries.



 

The former South Carolina governor has taken several hits since the start of the election year. Previously, billionaire Reid Hoffman also pulled back from funding Haley’s presidential bid.

Despite the setbacks, Haley has announced that she will continue with her campaign through Super Tuesday on March 5. Her campaign said that AFP Action’s decision to halt the funding has not changed the outlook of her campaign and she still has the resources to stay afloat.

“AFP is a great organization and ally in the fight for freedom and conservative government. We thank them for their tremendous help in this race,” Haley’s campaign said in a statement, according to CNBC. Her campaign further claimed that they had over $1 million coming in from grassroots conservatives in the last 24 hours.

AFP Action officials had previously stressed that the Senate would be a top priority for its investments. The organization expressed that flipping the chamber represented the best chance of its interest in guarding against full Democratic control in Washington.

Thus, from now on, AFP Action will channel its resources to finance Republican campaigns on the congressional level. So far, the organization has endorsed five candidates running for Senate and 19 candidates running for House seats.

Trump’s win in the South Carolina primary marks a significant step towards his path to a Republican nomination. Trump is already being regarded as the presumptive nominee as he has won GOP primaries in several other states like Iowa, Nevada, New Hampshire, and the U.S. Virgin Islands.



 

MORE ON MARKET REALIST
The man in question even went on national television to criticize exactly what he ended up doing.
12 hours ago
The country had added 130,000 jobs in January and inflation remained at 2.5%.
12 hours ago
Harvey says chitlins are the reason he can “never get COVID.”
12 hours ago
The administration has been urged to roll back their policies and lower costs for tourists.
13 hours ago
The product might contain a toxin that is produced by mold in fruits, especially apples.
14 hours ago
US energy policy under Trump intends to lift drilling restrictions and deregulate to lower equilibrium oil prices.
14 hours ago
The product was produced on January 14 and distributed to a number of states.
16 hours ago
While the hefty tax refunds can boost consumer spending, the demand may also drive up inflation.
18 hours ago
The government site further stated that the recall concerns MK04 air purifiers, with serial numbers beginning with "BN."
19 hours ago
Goldman Sachs CEO David Solomon also spoke about how the IPO activity in the US is now gaining momentum.
1 day ago
Last year, Hyatt Hotels Corporation decided to pause the complimentary breakfast at about 40 locations.
1 day ago
Many companies in the U.S. are now using enterprise AI systems that learn how an employee works.
1 day ago
Some Americans may see smaller refunds this year compared to the past few years.
1 day ago
The retailer might end up paying thousands in damages in the near future.
3 days ago
The products were recalled in 2025 from 40 states after blue pieces of plastic were found in a filter during production.
3 days ago
The contestant started the game poorly but made an impressive comeback.
3 days ago
The brand has employed a different method of growing sales compared to its competitors
3 days ago
This will be fantastic news for the Trump administration, which has been criticized for months.
3 days ago
"Cyndi, so far $110,461. With that trip to the Daytona 500 added in there," host Ryan Seacrest congratulated.
3 days ago
"Tiffany's inclusion of "O" in the vowel letter combo worked well," a fan praised the player's incredible letter selection.
4 days ago