US President Donald Trump on Monday withdrew his $10 billion lawsuit against the Internal Revenue Service over the leak of his tax returns amid reports that his administration was considering the creation of a fund to compensate his political allies who believe they have been wrongly investigated and prosecuted.

Attorneys for President Donald Trump and the Internal Revenue Service told a federal court Friday that they’re in talks aimed at resolving a $10 billion lawsuit over leaked tax records tied to the president, his adult sons and his company. In a joint ...

The US government has shelved its contentious plan to set up a $US1.8 billion “anti-weaponisation” fund, derided by critics as a “slush fund” for President Donald Trump’s political allies, after a rare revolt within his own party.

Donald Trump has withdrawn $10 Billion lawsuit against Internal Revenue Service (IRS) over leak of tax returns after reports surfaced that his administration will mulling ways to create a fund to compensate some of his allies.