• Contact Us
  • About Us
Monday, July 13, 2026
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home News

Trump’s ‘Weaponization’ Fund Puts On Hold After Fierce Opposition From Congress

metro by metro
June 2, 2026
in News
0
Trump

Trump

0
SHARES
0
VIEWS
Donald Trump’s ​nearly $1.8 billion fund to compensate victims of alleged government “weaponization” has been put on hold after the White House faced fierce opposition from ‌Republicans in Congress, three sources familiar with the plan said on Monday.
The extraordinary rebuke of Trump underscored an increased appetite to flex political power among some Republican senators against the president’s actions, particularly after his endorsement against two of their Senate colleagues ahead of a crucial midterm election.
The proposal was dropped as senators returned to Washington after their Memorial Day break ​and faced an impasse with the president over a $72 billion bill to fund ICE and Border Patrol operations.
 Speaking to reporters, Senate Majority ​Leader John Thune said he made clear to the White House the fund needed to be killed.
“They gave us an ⁠ultimatum,” a White House source said, describing how Republican lawmakers negotiated with the White House over the fund.
The fund emerged from a legal settlement between Trump ​and the Justice Department to resolve an unprecedented lawsuit in which the president had sued the Internal Revenue Service for $10 billion over the alleged mishandling of his ​tax records.
The $1.776 billion was meant to pay people who said they had been the subject of government abuse.
The fund sparked swift legal challenges and political uproar, including from Senate Republicans, who expressed anger that people who attacked the U.S. Capitol on January 6, 2021, could receive taxpayer-funded payouts. Critics condemned it as a slush fund.
READ ALSO:CBN Redeploys Deputy Governors
On Friday, federal judges in ​Virginia and Florida dealt the administration a pair of blows, issuing orders that temporarily halted the fund until June 12 and called for further review.
In a ​statement on Monday, a Justice Department spokesperson said the DOJ “disagrees strongly” with the temporary halting of the fund but, “the Department will abide by the Court’s ruling.”
The Justice Department statement ‌did not ⁠commit to abandoning the fund entirely, only to following a court ruling that is likely to expire this month.
A DOJ spokesperson did not immediately address whether the fund had been permanently scuttled.
In a tense meeting last month between Senate Republicans and acting Attorney General Todd Blanche after the fund’s announcement, lawmakers yelled at the acting attorney general over the political optics of the fund.
After that meeting, it became clear that there was no path forward, according to a ​White House source familiar with the matter.
“He ​did not come back with any ⁠answers,” the source said, referring to Blanche.
Trump is “not thrilled” but understands this is the only way forward “for now,” the source said, adding that the fund is “on hold” and warning that nothing is final until Trump announces it.
Senate Majority Leader ​John Thune, who has signaled for days his concerns about the fund, told reporters on Monday that he thought ​the best way forward ⁠would be “if the administration decides to shut it down themselves.”
He said he talked to the White House over the weekend and Trump last week, adding that he made clear he thought the fund must be ended.
House Speaker Mike Johnson also held a lengthy meeting at the White House on Monday to discuss the subject, a source ⁠familiar with ​the matter said.
The settlement agreement also barred the IRS from pursuing any audits into past ​tax claims for Trump, his relatives and his companies for any tax returns filed before May 18. It was not clear how or whether the pausing of the fund would affect any possible ​audits of Trump’s past tax claims.

Read Also

Iran Expands Attacks On Gulf States After US Strikes, Says Strait of Hormuz Closed

US Issues Fresh Iran-related Sanctions As Conflict Flares

Tinubu Retains Shettima As VP, Submits APC Presidential Nomination Form For 2027 Election

Previous Post

CBN Redeploys Deputy Governors

Next Post

Brand Africa and African Union honour the 100 Most Influential Africa CMOs in Addis Ababa

Related Posts

Iran Expands Attacks On Gulf States After US Strikes, Says Strait of Hormuz Closed
News

Iran Expands Attacks On Gulf States After US Strikes, Says Strait of Hormuz Closed

July 13, 2026
US Excludes Nigeria, 17 Other Countries From 2025 Visa Lottery Scheme
News

US Issues Fresh Iran-related Sanctions As Conflict Flares

July 11, 2026
Tinubu Signs Four Executive Orders, Suspends 5% Telecoms Tax On Calls & Data, Excise Duties 
News

Tinubu Retains Shettima As VP, Submits APC Presidential Nomination Form For 2027 Election

July 11, 2026
Protest Rocks Ibadan Over Kidnapped Teachers, Schoolchildren As FG, Oyo Biker Over State Police
News

Governors Blamed For Insecurity Without Powers, Says Makinde

July 11, 2026
Next Post

Brand Africa and African Union honour the 100 Most Influential Africa CMOs in Addis Ababa

Tinubu’s Government Orders Sale Of IBEDC, 4 Other Discos Within 90 Days

FG Suspends Planned Increase In WAEC, NECO Fees, In Response To Public Criticism

July 13, 2026
Iran Expands Attacks On Gulf States After US Strikes, Says Strait of Hormuz Closed

Iran Expands Attacks On Gulf States After US Strikes, Says Strait of Hormuz Closed

July 13, 2026
refinery

Oil Jumps 4% As New Military Strikes Threaten Hormuz Shipments

July 13, 2026
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version