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Home»Stock Market»Trump administration dropping DOJ’s $1.8B ‘lawfare’ fund
Stock Market

Trump administration dropping DOJ’s $1.8B ‘lawfare’ fund

EditorBy EditorJune 1, 2026No Comments3 Mins Read
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Trump administration dropping DOJ’s .8B ‘lawfare’ fund
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The Trump administration plans to drop the Division of Justice’s $1.8 billion “Anti-Weaponization Fund” within the face of authorized and political pushback to it, studies mentioned Monday.

The fund was created as a part of a settlement of President Donald Trump’s $10 billion lawsuit towards the Inner Income Service. It’s supposed to compensate individuals who have been purportedly victims of prosecutorial overreach by the DOJ underneath the Biden administration.

Stories that the fund was being placed on ice got here after Home Speaker Mike Johnson, R-La., met with Trump on the White Home in regards to the fund.

US President Donald Trump speaks to members of the media on the South Garden of the White Home earlier than boarding Marine One in Washington, DC, US, on Friday, Might 8, 2026.

Aaron Schwartz | Bloomberg | Getty Photos

Axios, in its report Monday, quoted a senior administration official as saying that the fund is “useless for now.”

Punchbowl individually reported that “the administration is anticipated to announce that they will adjust to the court docket order and never go ahead on the weaponization fund.”

MS NOW quickly after confirmed Axios’ report.

On Friday, a federal decide blocked the DOJ from taking any motion to create or disburse cash from the fund for now as a lawsuit difficult it performs out in U.S. District Court docket in Alexandria, Virginia.

Choose Leonie Brinkema additionally scheduled a June 12 court docket listening to on whether or not to take care of the injunction towards the fund.

Brinkema is overseeing one among three federal lawsuits that search to dam the fund.

On Monday, a DOJ spokesperson, when requested about studies saying the fund was being dropped, instructed CNBC in an e-mail, “The Division of Justice disagrees strongly with the choice on the Anti-Weaponization Fund put forth by the US District Court docket Choose within the Japanese District of Virginia, whereby the Court docket said that, not at all, could the Division of Justice proceed with the Anti-Weaponization Fund not too long ago established with a view to make up for the super abuse, hurt, and hate unfairly proven to so many individuals.”

“This Fund was open to anyone who was so weaponized, focused, or persecuted, whether or not they have been Democrat, Republican, Conservative, Impartial, or in any other case,” the spokesperson mentioned. “The Division will abide by the Court docket’s ruling.”

Learn extra CNBC politics protection

On Monday morning, Senate Minority Chief Chuck Schumer, D-N.Y., mentioned Democrats would “launch a coordinated effort to kill the slush fund earlier than one cent goes out the door.”

Schumer mentioned Democrats would pressure Republican senators to vote on the fund by providing a collection of amendments throughout an anticipated reconciliation vote to fund immigration legislation enforcement businesses inside the Division of Homeland Safety.

Criticism of the fund inside the Senate GOP caucus final month led Republican senators to drop plans for a reconciliation vote earlier than the Senate went into recess.

CNBC has requested remark from the DOJ and the White Home.

That is breaking information. Please refresh for updates.

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