Musk loses in court, Home Depot earnings, DOJ's 'lawfare' fund and more in Morning Squawk
Trump has dropped his $10 billion lawsuit against the IRS, leading to the creation of a $1.8 billion fund by the Department of Justice. This fund is intended to settle claims from individuals alleging they are victims of 'lawfare.' The decision has drawn criticism from Democrats, including Senator Elizabeth Warren, who labeled it as 'corruption on steroids.'
- ▪Trump dropped his $10 billion lawsuit against the IRS yesterday.
- ▪The Department of Justice will create a $1.8 billion fund to settle claims by alleged victims of 'lawfare.'
- ▪The fund will be sourced from the Justice Department's judgment fund and will stop processing claims by December 2028.
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Trump dropped his $10 billion lawsuit against the Internal Revenue Service yesterday. In exchange, the Department of Justice said it will create a $1.8 billion fund to settle claims by people who say they are victims of "lawfare." The "Anti-Weaponization Fund" will receive money from the Justice Department's judgment fund, which allows the organization to settle and pay out cases. The department said it would stop processing claims for the AWF no later than December 2028.A spokesman for Trump's legal team said in a statement that the president settled the suit — which he brought against the IRS in January over the leak of his tax information by an agency employee — "squarely for the benefit of the American people." Democrats blasted the agreement, with Sen.
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