May 19, 2026 9:13 AM
Trump drops IRS lawsuit in exchange for DOJ $1.8 billion ‘weaponization’ fund
U.S. President Donald Trump's administration on Monday created a nearly $1.8 billion fund to compensate victims of political "weaponization" to settle a lawsuit Trump had filed against his own government over the alleged mishandling of his tax records. The agreement resolves an unprecedented lawsuit filed by Trump, in which he sought $10 billion from the Internal Revenue Service, arguing it should have done more to prevent a former contractor from leaking his tax returns to the media. Trump wi...