May 18, 2026 9:47 AM EDT
WASHINGTON (AP) — President Donald Trump on Monday moved to withdraw his $10 billion lawsuit against the Internal Revenue Service over the leak of his tax returns after reports that his administration was poised to create a fund to compensate some of his allies.
The disclosure was made in a filing in federal court in Florida, where the lawsuit was filed last year.
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ABC News first reported last week that Trump was prepared to drop his lawsuit as part of a deal that would create a $1.7 billion fund to pay allies of the president who believe they were wrongly investigated and prosecuted.
