Ella Lee and James PolitiJun 2, 2026 – 10.50amWashington | Donald Trump has dropped his plan for a $US1.8 billion ($2.5 billion) “anti-weaponisation” fund that would compensate his political allies for being targeted by the justice system under Joe Biden, following a political backlash from Republicans.Trump’s decision marked a significant U-turn for the president, who championed the scheme as a crucial political project even as members of his party urged him to focus on ending the Iran war and do more to tackle rising inflation.Financial TimesSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Trump retreats on $2.5b taxpayer ‘slush fund’ after backlash
Legal challenges and a pushback from Republican lawmakers have prompted a rare U-turn from the US president.
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