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Justice Department Sets Up $1.8 Billion Fund as Trump Drops $10 Billion IRS Suit

The agreement offers a formal apology to the Trumps, with managers of the new fund removable by the president.

Overview

  • A Justice Department agreement announced Monday created the $1.8 billion Anti-Weaponization Fund and prompted President Trump, his sons, and the Trump Organization to withdraw their $10 billion lawsuit against the IRS.
  • The department said the Trumps will receive a formal apology but no financial compensation under the deal.
  • The fund will be run by five managers appointed by Attorney General Todd Blanche, a former Trump lawyer, including one chosen in consultation with congressional leaders, and all can be removed by the president.
  • Potential recipients include Trump allies who claim politically driven cases, including roughly 1,600 people convicted in the January 6 Capitol prosecutions who were later pardoned.
  • Democratic lawmakers called the fund a slush fund and signaled legal challenges and congressional scrutiny over its legality, scope, and transparency.