Trump-IRS settlement 'forever' bars audits into tax claims for Trump and his family

By Dan Rosenzweig-Ziff

Reuters

WASHINGTON, May 19 (Reuters) - The U.S. Justice Department has "forever ‌barred" the Internal Revenue Service ‌from pursuing any audits into past tax claims ​for President Donald Trump, his relatives and his companies, according to a one-page document released Tuesday.

The sweeping document, ‌signed by ⁠acting Attorney General Todd Blanche, said the U.S. government could ⁠not audit Trump's tax returns filed before Monday or any matters "that ​were raised ​or could have ​been raised."

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The order ‌expanded the settlement agreement Trump reached Monday with the IRS in which he agreed to drop his $10 billion lawsuit over the leak of his tax ‌returns. As part ​of the settlement, Justice ​Department created a ​nearly $1.8 billion fund to ‌compensate victims of political "weaponization."

Blanche faced ​repeated ​questions Tuesday over that fund in his first congressional testimony since ​taking over ‌as acting attorney general.

(Reporting by Dan ​Rosenzweig-Ziff; Editing by Michael Learmonth ​and Alistair Bell)

Trump-IRS settlement 'forever' bars audits into tax claims for Trump and his family

By Dan Rosenzweig-Ziff WASHINGTON, May 19 (Reuters) - The U.S. Justice Department has "forever ‌barred" the Internal Re...
Trump-IRS settlement 'forever' bars audits into tax claims for Trump and his family

By Dan Rosenzweig-Ziff

Reuters

WASHINGTON, May 19 (Reuters) - The U.S. Justice Department has "forever ‌barred" the Internal Revenue Service ‌from pursuing any audits into past tax claims ​for President Donald Trump, his relatives and his companies, according to a one-page document released Tuesday.

The sweeping document, ‌signed by ⁠acting Attorney General Todd Blanche, said the U.S. government could ⁠not audit Trump's tax returns filed before Monday or any matters "that ​were raised ​or could have ​been raised."

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The order ‌expanded the settlement agreement Trump reached Monday with the IRS in which he agreed to drop his $10 billion lawsuit over the leak of his tax ‌returns. As part ​of the settlement, Justice ​Department created a ​nearly $1.8 billion fund to ‌compensate victims of political "weaponization."

Blanche faced ​repeated ​questions Tuesday over that fund in his first congressional testimony since ​taking over ‌as acting attorney general.

(Reporting by Dan ​Rosenzweig-Ziff; Editing by Michael Learmonth ​and Alistair Bell)

Trump-IRS settlement 'forever' bars audits into tax claims for Trump and his family

By Dan Rosenzweig-Ziff WASHINGTON, May 19 (Reuters) - The U.S. Justice Department has "forever ‌barred" the Internal Re...
UK allows diesel and jet fuel imports from Russian crude via sanctions carve-out

By Sam Tabahriti

Reuters

LONDON, May 19 (Reuters) - Britain will allow imports of diesel and jet fuel refined abroad from Russian crude under a sanctions carve-out, easing restrictions as fuel costs surge and add to ‌pressure on airlines and households, driven in part by conflict in the Middle East.

The move follows ‌a similar step by the United States, which on Monday extended a sanctions waiver allowing purchases of Russian seaborne oil to support energy-vulnerable countries ​hit by supply disruptions linked to the Iran conflict and the closure of the Strait of Hormuz.

Critics of the U.S. decision to extend waivers have said it allowed the Kremlin to earn more money and fund the war in Ukraine to kill innocent people.

Brent crude on Tuesday was trading around $110 a barrel, near recent highs, reflecting concerns over disrupted flows through ‌the strait.

GLOBAL SUPPLY STRAIN

Rising fuel costs have ⁠rippled through the global economy, with jet fuel prices surging in recent months and squeezing airlines, for which fuel can account for up to a quarter of operating expenses.

Carriers worldwide ⁠have responded with fare increases, capacity cuts and warnings of weaker earnings.

Higher fuel costs have also fed into broader cost-of-living pressures in Britain, which the government is seeking to ease as it grapples with inflation and energy affordability concerns.

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Official data published on ​Tuesday ​also pointed to a cooling labour market in Britain, with falling ​payrolls and job vacancies as the Iran war ‌weighs on the economic outlook.

The licence issued on Tuesday grants exemptions where the fuels are processed in third countries but includes conditions such as record-keeping requirements for companies.

The new rules take effect on Wednesday and will be of indefinite duration, though they will be reviewed periodically and can be amended or revoked, the government said in a notice.

Britain's Treasury department did not immediately respond to a request for further comment.

Western sanctions have sought to curb Moscow's energy ‌revenues since its invasion of Ukraine, but Russian crude continues to ​flow to global markets, often via intermediaries.

Large volumes are shipped to countries ​such as India and Turkey, where they are ​refined and re-exported, complicating enforcement as refined products are not typically classified as Russian-origin under ‌standard trade rules.

Separately, Britain on Tuesday issued a time-limited ​licence covering the maritime transportation ​of liquefied natural gas from Russia's Sakhalin-2 and Yamal projects and related services - including shipping, financing and brokering - under Russia sanctions rules, running until January 1 next year.

Sakhalin-2, based in Russia's far east, and Yamal ​LNG in the Arctic, are among ‌the country's largest gas export projects.

Japan's Taiyo Oil said earlier in May that the refinery was set ​to receive a cargo from Russia's Sakhalin-2 project as it sought alternatives to disrupted Gulf supplies.

(Reporting ​by Sam Tabahriti; Editing by David Goodman and Daniel Wallis)

UK allows diesel and jet fuel imports from Russian crude via sanctions carve-out

By Sam Tabahriti LONDON, May 19 (Reuters) - Britain will allow imports of diesel and jet fuel refined abroad from Russian crude u...
Blanche won't rule out Trump 'weaponization' fund payouts to January 6 rioters who assaulted police

By Dan Rosenzweig-Ziff

Reuters

WASHINGTON, May 19 (Reuters) - U.S. acting Attorney General Todd Blanche told lawmakers on Tuesday that he could not commit to barring money from President Donald Trump's newly announced "weaponization" fund from going to people ‌who assaulted police officers, including during the January 6, 2021, Capitol riot.

Blanche, in his first congressional testimony since ‌ascending to the top of the Justice Department after Pam Bondi's firing last month, also told Democratic senators that he could not commit to barring ​any of the nearly $1.8 billion from the settlement going to Trump campaign donors.

The Justice Department on Monday created a nearly $1.8 billion fund to compensate victims of political "weaponization" to settle a lawsuit Trump had filed against his own government over the alleged mishandling of his tax records.

The pool of money will be controlled by Trump allies who can give payments to those who claim to have suffered "weaponization ‌or lawfare" by the U.S. government.

In questioning, ⁠Blanche denied that Trump "set up" the settlement fund. He said the five-member settlement commission, four of whom he'll directly appoint, will act independently. And he argued that former President Barack Obama's Justice ⁠Department had overseen a similar fund, though that one was signed off by a federal judge.

"The president did not direct me to do anything," he said, later adding that the fund's money could be given to members of any political party and is not limited ​to January ​6 defendants. The standard for who will get money, he said, ​is defined broadly by those who experienced "weaponization."

"What we’re ‌talking about is nothing short of the sitting president of the United States looting from the Treasury for his own gain," said Senator Patty Murray, a Democrat from Washington state. "Do you seriously think this arrangement is appropriate?"

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Since Trump took office, the Justice Department has sought prosecutions against his enemies, dropped charges against his allies and seen the corps of the nation's top law enforcement department drop by 8,500 staff.

The over two-hour hearing grew tense at times as Democrats and Blanche sparred over the ‌fund and department's handling of the Jeffrey Epstein investigation. It also underscored ​near-unanimous efforts by Republicans and Blanche to defend the president's agenda.

Most Republican lawmakers ​heaped praise on Blanche for reversing what they ​saw as weak and vindictive law enforcement from the Biden administration and complemented Blanche for making Americans ‌safer.

Senator Susan Collins, a Republican from Maine, though, ​asked Blanche how and to whom ​the funds would be doled out.

Blanche said the commission would act independently and issue quarterly reports to the attorney general, details of which will be provided to lawmakers. He said anyone could apply and be considered.

Collins said ​the money would come from a judgment fund ‌used for other government settlements.

Blanche also faced questions about his department's handling of the Epstein investigation. The ​acting attorney general said he would commit to not recommending a pardon for former Epstein associate Ghislaine Maxwell.

(Reporting ​by Dan Rosenzweig-Ziff. Editing by Michael Learmonth and Alistair Bell)

Blanche won't rule out Trump 'weaponization' fund payouts to January 6 rioters who assaulted police

By Dan Rosenzweig-Ziff WASHINGTON, May 19 (Reuters) - U.S. acting Attorney General Todd Blanche told lawmakers on Tuesday that he...
What to know about Trump’s $1.7B fund to compensate allies claiming political targeting

WASHINGTON (AP) — PresidentDonald Trump's allies who believe they were wrongly prosecuted by the Biden administration could soon have access toa $1.7 billion dollar compensation fund, the Justice Department announced Monday, in a move slammed by Democrats as unconstitutional and corrupt.

Associated Press

Acting Attorney GeneralTodd Blanchesaid in a statement that the fund — dubbed the “Anti-Weaponization Fund" — will represent “a lawful process for victims of lawfare and weaponization to be heard and seek redress.” Blanche's statement made no mention of how investigations and prosecutions of Trump’s political opponents under his watch have exposed the Justice Department to the same claims of politicized law enforcement that he said he opposed.

The fund was announced as part of a deal to resolve Trump’s $10 billionlawsuit against the Internal Revenue Serviceover the leak of his tax returns.

The fund is in keeping with Trump's long-running claims that the Justice Department during the Biden administration was weaponized against him, even though then-President Joe Biden himself was scrutinized during that time. The fund would represent not only a highly unorthodox resolution but also a further demonstration of the Trump administration’s eagerness to reward allies who were investigated and in some cases charged and convicted before Trump came to power.

Monday afternoon at the White House, Trump told reporters the fund is dedicated to “reimbursing people who were horribly treated.”

Democratic lawmakers, who are teeing up a legal challenge to the move, argue that it will become a taxpayer-funded “slush fund” for Trump allies and supporters who claim political persecution. They also question whether the president should be able to direct money for the fund without explicit congressional approval.

Here's what to know about the fund:

Justice Department casts fund as redress for political targeting

The fund was announced after Trump and his sons, Eric Trump and Donald Trump Jr., and the Trump Organization agreed to drop their lawsuit against the IRS and the Treasury Department. The lawsuit alleged that a leak of confidential tax records caused them reputational and financial harm and negatively affected their public standing, among other allegations.

According to the Justice Department announcement, the fund is meant to provide a formal process for people or entities who say they were unfairly targeted by the government for political, ideological or personal reasons.

“The use of government power to target individuals or entities for improper and unlawful political, personal, or ideological reasons should not be tolerated by any administration,” Justice Department official Trent McCotter said in the statement announcing the fund.

The money itself would come from the federal judgment fund, which pays out court judgments and compromise settlements of lawsuits against the government.

The fund will be able to review claims of alleged government political targeting, will issue formal apologies and award monetary compensation to approved claimants, according to the Justice Department.

The claims of a weaponized Justice Department during the Biden administration overlook the fact that President Joe Biden himself was investigated for the potential mishandling of classified information, and his son Hunter was charged with gun and tax crimes.

Justice Department has not said who could qualify for compensation

The Justice Department did not identify anyone by name who could theoretically benefit from the fund, but there were multiple investigations of Trump allies during the Biden administration where targets could look to obtain payouts.

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Prosecutors, for instance, charged about 1,500 people in connection with the Jan. 6, 2021 riot at the U.S. Capitol. Trump on his first day in office of his second term either pardoned them, commuted their prison sentences or dismissed the cases.

It’s unclear whether those entitled to compensation would include Jan. 6 defendants who were convicted of attacking officers with makeshift weapons such as flagpoles, a hockey stick and crutch. More than 250 people were convicted of assault charges, with the attacks in many cases captured on surveillance or body camera footage.

Other prominent Trump supporters who were investigated and charged include Steve Bannon, who served a prison sentence for defying a congressional subpoena, and Peter Navarro, who was similarly convicted of contempt and later pardoned.

Blanche-appointed commission would oversee claims

The Justice Department says the fund will receive $1.776 billion from the federal judgment fund, to operate through Dec. 15, 2028, and will be overseen by a five-member commission appointed by Blanche, with one member chosen in consultation with congressional leadership. According to the Justice Department, the president can remove any member.

It was unclear how the commission would determine who should be awarded compensation.

The Justice Department cites previous cases that led to settlements as the authority for this fund — including litigation related to Keepseagle v. Vilsack — a landmark 1999 class-action lawsuit filed against the USDA by Native American farmers who alleged that the USDA discriminated against Native American farmworkers by denying them farm loans while approving similar loans for white applicants.

“The Obama Administration settled the case by establishing an administrative claims process funded by $680,000,000 paid from the judgment fund, which was deposited into a bank account to fund the claims received," states the Justice Department.

Critics warn fund could reward Trump loyalists

Democratic lawmakers and ethics watchdogs slammed the creation of the fund — saying it was corrupt, untransparent and had the potential to become a “slush fund” for the president and his allies.

A group of nearly 100 members of Congress filed a brief teeing up a legal challenge to the case.

“This case is nothing but a racket designed to take $1.7 billion of taxpayer dollars out of the Treasury and pour it into a huge slush fund for Trump at DOJ to hand out to his private militia of insurrectionists, rioters, and white supremacists, including those who brutally beat police officers on January 6, 2021, and sycophant accomplices to his election stealing schemes,” Rep. Jamie Raskin, the top Democrat on the House Judiciary Committee, said in a statement.

Sen. Elizabeth Warren, D-Mass., called the fund "corruption on steroids.”

Last month, she and a group of other Democratic lawmakers introduced the Ban Presidential Plunder of Taxpayer Funds Act, which would ban the sitting president and vice president from collecting settlement payments from the U.S., among other things.

Associated Press writer Alanna Durkin Richer contributed to this report.

What to know about Trump’s $1.7B fund to compensate allies claiming political targeting

WASHINGTON (AP) — PresidentDonald Trump's allies who believe they were wrongly prosecuted by the Biden administration could soon ha...
Brazil may re-route farm export flows amid US-China deal

By Roberto Samora

Reuters

SAO PAULO, May 18 (Reuters) - A deal for China to buy more U.S. agricultural goods could prompt Brazil to exploit gaps left by U.S. shipments ‌in other markets, as Washington focuses exports on Brazil’s top trading partner, industry experts said ‌on Monday.

Estimates of the impact on Brazil’s farm sector from the agreement announced on Sunday by the White House ​could be premature, though the competitiveness of Brazil could result in the country pushing in to other markets, the experts said.

Brazil’s agricultural exports to China reached $55.22 billion in 2025 — about one-third of the sector’s total overseas sales last year — according to government data. Soybeans accounted for $34.5 billion of that total, followed ‌by meat at $9.82 billion.

The White House ⁠estimates additional Chinese purchases of U.S. soy at 25 million metric tons and, if they materialize, Brazil would likely redirect its own trade flows, brokerage ⁠Stag International said.

“A Chinese soybean purchase program of 25 million tons would mainly displace buyers outside China toward Brazil and other origins,” the brokerage said in a report.

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According to Stag, Brazil remains structurally competitive and, ​with ​a forecast record crop of over 180 million tons ​in 2026, should continue to capture significant ‌demand outside China.

Soybean trading and processing groups Anec and Abiove did not immediately respond to questions.

Ironically, Brazil could boost beef exports to the U.S. if the North American country — facing tight supply — channels more of its product to China.

“In principle, if the renewal of U.S. plant approvals (by China) is confirmed, there could be interest from the United States in recapturing part of its share in ‌the Chinese market. Given the large shortfall in U.S. ​production to meet domestic demand, opportunities could emerge for ​other countries, such as Brazil, to expand ​sales to the U.S.,” said Paulo Mustefaga, CEO of industry group Abrafrigo.

China renewed ‌more than 400 expired export licenses for ​U.S. beef processors, the ​Chinese customs website showed on Friday, after U.S. President Donald Trump and Chinese President Xi Jinping concluded a summit in Beijing.

“It is worth noting that the United States, like Brazil, ​is also subject to a ‌quota on beef exports under safeguard measures (by China), which should limit any expansion of ​U.S. sales to the Chinese market,” Mustefaga added.

(Reporting by Roberto Samora in Sao Paulo; ​Writing by Oliver Griffin; Editing by Matthew Lewis)

Brazil may re-route farm export flows amid US-China deal

By Roberto Samora SAO PAULO, May 18 (Reuters) - A deal for China to buy more U.S. agricultural goods could prompt Brazil to explo...
Magnitude 5.1 earthquake rattles China, felt in Vietnam

A5.1 magnitude earthquakerattled China and could be felt as far away as Vietnam on Monday, May 18, according to the United States Geological Survey.

USA TODAY

The quake occurred about 16 miles northwest of Liuzhou in China's north-central region.

The quake was reported around 8:44 a.m. local time, according to the USGS.

It was not immediately known whether any fatalities took place.

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Earthquake magnitudes

Here are the effects of earthquakes of various magnitudes, according toMichigan Technological University:

  • Below 2.5: Generally not felt

  • 2.5 to 5.4: Minor or no damage

  • 5.5 to 6.0: Slight damage to buildings

  • 6.1 to 6.9: Serious damage

  • 7.0 to 7.9: Major earthquake, serious damage

  • 8.0 or greater: Massive damage, can destroy communities

This is a developing story.

Natalie Neysa Alund is a senior reporter for USA TODAY. Reach her at nalund@usatoday.com and follow her on X @nataliealund.

This article originally appeared on USA TODAY:Earthquake in China measures 5.1 magnitude

Magnitude 5.1 earthquake rattles China, felt in Vietnam

A5.1 magnitude earthquakerattled China and could be felt as far away as Vietnam on Monday, May 18, according to the United States Geolo...

 

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