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00:02President Trump, his two older sons, and the Trump Organization dropped their $10 billion
00:08lawsuit against the IRS on Monday, according to CNBC. The move came after the Department
00:14of Justice agreed to create a $1.776 billion anti-weaponization fund to settle claims from
00:21people alleging they were victims of so-called lawfare. The DOJ said the fund would use money
00:26from its judgment fund and could issue formal apologies and monetary relief through December
00:3115, 2028. Trump originally sued the IRS in January over the leak of his tax information
00:39by former IRS contractor Charles Chaz Littlejohn. The DOJ said Trump also agreed to withdraw two
00:47administrative claims tied to the Mar-a-Lago raid and the Russia investigation as part of
00:51the settlement agreement. Democratic lawmakers criticized the settlement, calling it a
00:56taxpayer-funded slush fund and corruption on steroids.
01:00For all things money, visit Benzinga.com.
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