U.S. President Donald Trump is aware his fight to overturn the election is winding down, according to people familiar with the matter, but he isn’t ready to end the effort as he fundraises off the furor, directing much of the proceeds to his political action committee.

Still, Trump appears to be staking out a path that will end with him departing the White House without ever formally conceding to Democrat Joe Biden. He’s continuing to insist that the result was "rigged” as he plots his next steps.

The president has salted a string of hints into recent remarks that he’s coming to grips with the reality Biden will be the next president.