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Corporations slash Republican convention funding

A number of America's largest corporations are slashing their funding to the Republican National Convention, from hundreds of thousands of dollars in 2012 to zero in 2016.

JPMorgan, General Electric, Ford, UPS, Motorola Solutions and biopharmaceutical giant Amgen all completely cut their corporate giving to the convention, down from the large sums they donated in 2012 when the GOP gathered in Tampa to nominate its business-friendly nominee Mitt Romney.

Both conventions have struggled to raise money, with corporations proving particularly hesitant to contribute to the Republican National Convention given the potential for discord.

The GOP will gather in Cleveland next week to nominate Donald Trump, a nominee who has divided the party and spurred action among some delegates to seek a replacement.