The Trump administration settles Trump’s lawsuit against the IRS with $1.776 billion for his allies and blanket immunity from government suits for the Trump family.

Trump has dropped his $10 billion lawsuit against the Internal Revenue Service amid reports that he is poised to gain control over a $1.8 billion taxpayer-funded slush fund.

The creation of a fund to pay allies of the president who believe they were wrongly investigated and prosecuted reflects Trump's long-running claims that the Biden administration…