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 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.
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.
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Former president Joe Biden has gone to federal court in a bid to prevent the Trump administration from turning over audiotapes of his 2017 conversations with a ghostwriter. The move comes ahead of a Tuesday deadline set in a lawsuit brought by the Heritage Foundation.
President Donald Trump released his fiscal year 2027 budget request on Friday, seeking a record $1.5 trillion in defense spending amid ongoing wars with Iran and operations in Venezuela. The proposal includes a 42% to 44% increase from the previous year and calls for 10% cuts to non-defense spending. White House officials described the plan as essential for restoring military readiness in a dangerous global environment.
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US President Donald Trump announced on Monday that he had abandoned a military strike on Iran originally scheduled for Tuesday. The decision follows a request from Gulf leaders and comes as serious negotiations are underway with Tehran.