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The Guardian - US
The Guardian - US
World
Sam Levine in New York and Cate Brown in Washington

Trump dismisses $10bn suit against IRS and creates $1.7bn ‘anti-weaponization’ fund

a man stands in an airplane as people hold microphones, phones, and cameras in his direction
Donald Trump speaks to the media aboard Air Force One on Friday as he returns to the United States from China. Photograph: Alex Wong/Getty Images

The justice department announced on Monday it was creating a loosely controlled and secretive $1.776bn fund to compensate Donald Trump allies as part of an agreement in which the president and his sons dropped a $10bn long-shot lawsuit against the IRS.

The money, which critics said was essentially a slush fund, will be overseen by five commissioners – four of whom would be appointed by the attorney general and removable by Trump – who would oversee the body’s work. A fifth commissioner will be appointed “in consultation” with congressional leadership. The fund also has the power to issue “formal apologies” and will send a quarterly confidential report to the US attorney general outlining who has been paid from the fund. There is no requirement that the fund’s work be made public.

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