Fund will be used to settle claims that the department improperly targeted US president’s allies

ABC News reported President Donald Trump could settle a lawsuit against the IRS in exchange for a $1.7 billion fund to compensate his allies.

The fund would pay victims of so-called government weaponization.

Trump dropped his $10 billion IRS lawsuit as DOJ officials weigh a fund for alleged government weaponization victims.

The fund was created as part of a settlement resolving Donald Trump’s lawsuit against the IRS over the leak of his confidential tax records.