President Donald Trump is exploring a settlement in his $10 billion lawsuit against the IRS and Treasury Department.
The suit stems from leaked tax returns from years ago. Discussions include a potential $1.7 billion fund for allies claimed to have been wrongly targeted by the prior administration, along with ending audits of Trump and his family.
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President Trump has settled a lawsuit against his own administration, establishing a taxpayer-funded pool of nearly 1.8 billion dollars for people his appointees deem victims of government overreach. The agreement also shields his family and businesses from IRS audits and enforcement actions on past tax returns. Bipartisan lawmakers are moving to block the deal.
President Trump has dismissed his $10 billion lawsuit against the IRS. The move paves the way for a $1.776 billion settlement fund aimed at compensating those who claim government overreach. Critics in Congress and ethics groups have raised concerns over the arrangement.
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The U.S. government will permanently drop tax claims against President Trump, his sons and the Trump Organization as part of a settlement over a lawsuit alleging leaks of his tax returns.
Treasury Secretary Scott Bessent defended the Trump administration's decision to end the IRS's Direct File program during a Senate hearing on April 22. He argued that the service, touted as free for users, actually cost taxpayers $72 million annually to serve about 300,000 people. Senator Chris Coons questioned the move, while Bessent highlighted private alternatives.
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Two police officers who defended the Capitol on January 6, 2021, have filed a lawsuit against President Donald Trump and top officials to block a new compensation fund created by the administration.
The Justice Department has launched a criminal investigation into E. Jean Carroll regarding her disclosure of legal funding in her lawsuits against President Donald Trump. A related probe targets donor Reid Hoffman and his affiliated nonprofit.
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The United States and Iran are discussing a proposed framework to end their conflict and reopen the Strait of Hormuz. President Donald Trump presented a 14-point plan for 30 days of negotiations, though Iranian officials have not yet accepted it.