Wednesday 20th May 2026

(WASHINGTON) — Attorneys representing the Department of Justice and Donald Trump informed a federal judge on Monday that the president plans to drop his $10 billion lawsuit against the Internal Revenue Service.

ABC News has reported that Trump was planning to drop the suit in exchange for the creation of a $1.776 billion compensation fund for those who allege they were wrongly targeted under the Biden administration.

This is a developing story. Please check back for updates.

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