Trump Drops $10 Billion IRS Lawsuit

President Donald Trump's administration said on Monday it had created a nearly $1.8 billion fund for victims of political "weaponization" to settle a lawsuit Trump had filed against his own government over the alleged mishandling of his tax records.

The agreement resolves an unprecedented lawsuit filed by Trump, in which he sought $10 billion from the Internal Revenue Service (IRS), arguing it should have done more to prevent a former contractor from leaking his tax returns to the media.

According to the administration, Trump will receive an apology but no financial payment.

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