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Photo: Nicholas Kamm/AFP via Getty Images

President Trump has created a new political action committee as he refuses to concede to President-elect Joe Biden, according to a filing with the Federal Election Commission.

The big picture: The committee, called "Save America," will receive 60% of donations sent to the Trump campaign and the Republican National Committee's joint fundraising effort, according to a Trump campaign website. The federal fundraising apparatus will potentially help the president "retain his hold on the Republican Party even after he leaves office," writes the New York Times, which first reported the story.

  • The entity is known as a leadership PAC, which can receive donations of up to $5,000 annually per donor. But it can collect money from an unlimited number of people, and it can also receive funds from other PACs.
  • It will also be used to help other candidates. Politicians usually form such committees "to support candidates for federal and nonfederal offices," according to the FEC website.

What they're saying: Trump planned to establish the PAC whether he won or lost the election, Trump campaign spokesperson Tim Murtaugh told the Times, “so he can support candidates and issues he cares about, such as combating voter fraud.”

Go deeper

Scoop: Conservative group puts $700k behind Hawley

Sen. Josh Hawley explains his objection to certifying the 2020 election results hours after the U.S. Capitol siege. Photo: Congress.gov via Getty Images

A Republican group is raising and spending huge amounts of money defending Sen. Josh Hawley after he was ostracized for early January’s attack on the U.S. Capitol.

Why it matters: The Senate Conservatives Fund is plugging Hawley's ideological bona fides and backfilling lost corporate cash with needed political and financial support, helping inoculate him as he weighs reelection or a possible presidential campaign in 2024.

The week the Trump show ended

Data: NewsWhip; Chart: Andrew Witherspoon/Axios

Donald Trump was eclipsed in media attention last week by President Biden for the first time since Trump took office, according to viewership data on the internet, on social media and on cable news.

Why it matters: After Trump crowded out nearly every other news figure and topic for five years, momentum of the new administration took hold last week and the former president retreated, partly by choice and partly by being forced off the big platforms.

Collins helps contractor before pro-Susan PAC gets donation

Sen. Susan Collins during her reelection campaign. Photo: Scott Eisen/Getty Images

A PAC backing Sen. Susan Collins in her high-stakes reelection campaign received $150,000 from an entity linked to the wife of a defense contractor whose firm Collins helped land a federal contract, new public records show.

Why it matters: The executive, Martin Kao of Honolulu, leaned heavily on his political connections to boost his business, federal prosecutors say in an ongoing criminal case against him. The donation linked to Kao was veiled until last week.