Trump drops IRS lawsuit, sets up $1.7bn US anti-weaponisation fund

United States President Donald Trump has withdrawn his $10bn lawsuit against the Internal Revenue Service (IRS) stemming from a leak of his tax returns and said his administration will create a $1.77bn anti-weaponisation fund that would compensate some of Trump’s political allies.

The court filing, released on Monday in Florida, did not disclose the terms of the deal, including whether either pa...