1.776 billion settlement fund
Coverage of 1.776 billion settlement fund in the Nexus archive.
- Senate in overnight session as Republicans debate limits on $1.8B Trump settlement
The Senate is working overnight to pass immigration funding legislation as Republicans debate amendments to block a $1.776 billion settlement fund for President Trump. A Democratic effort to block the fund failed, but Republican Sen. Bill Cassidy plans further amendments, testing party unity. The settlement, linked to Trump's lawsuit against the IRS, faces opposition from some GOP senators and the acting attorney general, who called it 'largely inoperative.'
- Trump sued his own government. His DOJ settled. Now there’s a $1.7B ‘slush fund’ for his allies.
President Donald Trump dropped a $10 billion lawsuit against the IRS over leaked tax returns, and the U.S. Department of Justice announced a $1.776 billion settlement fund for individuals it claims were affected by 'weaponization and lawfare.' Democrats criticized the fund as a 'slush fund,' suggesting it may benefit those pardoned by Trump for crimes related to the Jan. 6, 2021, Capitol attack.