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Fund

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Court freezes Trump’s $1.8B anti-weaponization fund amid Jan. 6 litigation
politics1 month ago

Court freezes Trump’s $1.8B anti-weaponization fund amid Jan. 6 litigation

A federal judge in Virginia temporarily blocked the administration’s $1.8 billion anti-weaponization fund from any transfers, claims, or disbursements while lawsuits challenge its legality and oversight; the order stalls the fund’s rollout until five commissioners are appointed to decide awards, and critics describe the arrangement as a poorly overseen “slush fund” tied to political allies, adding to broader scrutiny of Trump-related settlements and January 6 prosecutions.

Anthropic tops OpenAI with a $965B valuation after $65B funding round
business1 month ago

Anthropic tops OpenAI with a $965B valuation after $65B funding round

Anthropic raised $65 billion in a Series H at a post-money valuation of $965 billion, placing it ahead of OpenAI’s $852 billion valuation and fueling plans to expand Claude’s computing capacity and scale products, with a potential public listing later this year. The round drew heavyweights like Altimeter Capital, Dragoneer, Greenoaks, Sequoia (with Coatue and ICONIQ as co-leads) and includes major participation from hyperscalers such as Amazon, while Anthropic’s run-rate revenue has surpassed $47 billion, underscoring furious investor demand in the AI frontier.

Trump Allies Push $1.8B Fund Tied to Weaponization Settlements Amid Backlash
politics1 month ago

Trump Allies Push $1.8B Fund Tied to Weaponization Settlements Amid Backlash

Advisers around Donald Trump revived a plan to compensate allies they perceive as unfairly targeted by federal investigations, creating a DOJ-linked fund drawn from a Treasury account used for settling lawsuits. The initiative could disburse up to about $1.8 billion, with broad eligibility that includes Jan. 6 participants and others who faced scrutiny, prompting CCP and GOP backlash, lawsuits, and questions about oversight, legality, and potential conflicts of interest as the funding moves forward.

Congress Questions DOJ's $1.8B 'Lawfare' Fund as Pushback Grows
politics1 month ago

Congress Questions DOJ's $1.8B 'Lawfare' Fund as Pushback Grows

Acting A.G. Todd Blanche is meeting with Republican senators to defend the DOJ’s new $1.8 billion fund intended to compensate people who allege DOJ overreach during the Biden era, a plan Republicans condemn as a 'slush fund' that could pay those who attacked police on Jan. 6; Democrats have proposed measures like a 100% tax on payments and other constraints, while Blanche will appoint all five commissioners to administer the fund, keeping the controversy in Congress.

DOJ Pardon Ally Aims for Seat on $1.7B Trump Victims Fund Board
politics1 month ago

DOJ Pardon Ally Aims for Seat on $1.7B Trump Victims Fund Board

Mike Howell, a Republican lawyer and close ally of Ed Martin, the DOJ pardon attorney, has asked Acting AG Todd Blanche to appoint him to one of five seats on the new anti-weaponization fund’s board. The fund, created as part of a $10 billion settlement with Trump over the IRS leak, will distribute more than $1.7 billion to people claiming government “weaponization” through 2028. If chosen, Howell would oversee payments; he leads the Oversight Project and is a Heritage Foundation fellow. The bid is the first publicly known attempt to join the commission; DOJ did not comment. A separate former Trump adviser, Michael Caputo, has also sought restitution from the fund.

Capitol Officers sue Trump over $1.8B anti-weaponization fund tied to Jan. 6
us-politics1 month ago

Capitol Officers sue Trump over $1.8B anti-weaponization fund tied to Jan. 6

Two officers who defended the Capitol on January 6 filed a federal lawsuit accusing President Trump of creating a $1.776 billion taxpayer-funded 'anti-weaponization' fund to compensate insurrectionists, calling it presidential corruption; the fund arose from a settlement linked to a prior IRS suit, with Trump aides named as defendants. The case adds to ongoing scrutiny of Trump’s post-2020 finances and rhetoric.

Trump Drops IRS Suit, Sets Up $1.8B Anti-Weaponization Fund
politics1 month ago

Trump Drops IRS Suit, Sets Up $1.8B Anti-Weaponization Fund

Trump agrees to drop the family’s lawsuit against the IRS as part of a settlement that creates a nearly $1.8 billion “Anti-Weaponization Fund” to compensate people who allege a weaponized justice system. The fund excludes Trump and his family from payments, but would distribute funds to others with quarterly reporting and audits; the deal also resolves two other claims—the Mar-a-Lago search and the 2016 Russian interference investigation. Legal experts warn the arrangement could pose conflicts of interest or self-dealing, given DOJ oversight and presidential influence over the agency, and questions remain about transparency and how payments would be disclosed.

Trump aides weigh nearly $1.8B fund to compensate allies targeted by DOJ probes
politics1 month ago

Trump aides weigh nearly $1.8B fund to compensate allies targeted by DOJ probes

Trump administration officials are weighing a nearly $1.8 billion fund, named the President Donald J. Trump Truth and Justice Commission, to compensate allies who feel they were unfairly targeted by DOJ investigations as part of ongoing talks to resolve the president’s $10 billion IRS lawsuit; details aren’t finalized, funds could come from various agencies, and a public announcement could come soon.

international-relations2 years ago

"NATO's $100 Billion Fund to Shield Ukraine from Trump"

NATO is planning to create a $100 billion fund to support Ukraine, aiming to bolster the country's defenses and make it less reliant on U.S. military aid, in a move seen as a response to concerns about the unpredictability of future U.S. administrations. The fund, dubbed the "Ukraine Security Investment Initiative," is intended to provide financial assistance for Ukraine's defense and security needs, and is seen as a way to ensure continued support for the country regardless of changes in U.S. leadership.