Trump plans to drop 'weaponization' fund, says Axios

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June 1, 2026 3:12 PM EDT

U.S. President Donald Trump speaks during a cabinet meeting in the Cabinet Room at the White House, in Washington, D.C., U.S., May 27, 2026. REUTERS/Evan Vucci

WASHINGTON, June ‌1 (Reuters) - U.S. ​President ​Donald Trump plans to drop his $1.8 billion "anti-weaponization" fund that would ‌have benefited political allies, Axios reported ⁠on Monday, after a firestorm of ‌criticism including from some ‌of his fellow Republicans.

"It's dead for now," said one of two senior ​administration officials cited by Axios.

The fund, which would compensate victims ⁠of political "weaponization" with taxpayer money, emerged from a legal ​settlement between Trump's Justice Department and the Internal Revenue Service to ​resolve an unprecedented ‌lawsuit in which the president had sought $10 billion over the ⁠alleged mishandling of his tax records.

The announcement set off criticism, with lawmakers ⁠raising concerns about potential self-dealing by Trump, and ​the prospect of payouts to violent Trump supporters who stormed the U.S. Capitol and ‌assaulted police on January 6, 2021.

On Friday, a federal judge ‌temporarily blocked the administration from ⁠moving forward with ‌the fund.

(Reporting by ​Ismail Shakil and Doina Chiacu;Editing by David Ljunggren and Daphne ‌Psaledakis)


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