📰 Full Story
Lawyers for President Donald Trump and the Internal Revenue Service told a federal court in mid-April they are engaged in talks to resolve a $10 billion lawsuit the president, his sons Donald Jr. and Eric, and the Trump Organization filed against the IRS and the Treasury Department over the unauthorized disclosure of Trump’s tax records in 2019–2020.
In a filing in Miami federal court the parties asked a judge to pause proceedings for 90 days while they “engage in discussions designed to resolve this matter and to avoid protracted litigation.” The suit stems from a breach by a former IRS contractor who later pleaded guilty and was sentenced for stealing and leaking tax files to news outlets.
Plaintiffs seek damages for alleged reputational and financial harm.
Ethics watchdogs and Democratic lawmakers have raised alarms about the conflict of interest posed by a sitting president negotiating a settlement with agencies he oversees and have proposed legislation to bar presidents and their families receiving such federal settlement payments.
Trump has said any proceeds would go to charity; any payout would likely be taxpayer-funded and require court approval.
🔗 Based On
🤝 Social Media Insights
Social Summary
Commenters corrected currency confusion (A$14bn ≈ US$10bn) and emphasized that any approved payout would be taxpayer‑funded, a fact likely to trigger legal challenges and legislative attempts to block such settlements, though some legal detail in comments needs external verification.








💬 Commentary