Live News POLITICS M impact May 22, 2026, 09:02 PM UTC

Trump Drops IRS Suit

Trump drops ten billion dollar lawsuit against IRS in exchange for DOJ fund. Fund to compensate alleged lawfare victims.

SQUAWKNEWS Updated May 25, 2026, 04:41 PM UTC

President Trump droppped his $10 billion lawsuit against the IRS in exchange for the DOJ creating a $1.8 billion fund to compensate alleged "lawfare" victims.