Monday 15 June 2026
FTSE 100 10,481.80 +1.73%S&P 500 7,431.46 +2.26%Nasdaq 25,888.84 +2.86%Dow 51,202.26 +2.57%Nikkei 225 69,317.50 +4.99%Gold $4,356.70 +2.78%Silver 70.98 +4.41%Brent Crude Oil $83.25 -4.67%Dollar Index 99.54 -0.21%GBP/USD 1.3419 +0.04%GBP/EUR 1.1558 -0.23%GBP/AUD 1.8991 -0.22%Bitcoin (USD) $66,286 +0.88%Ethereum (USD) 1,762.92 +2.22%FTSE 100 10,481.80 +1.73%S&P 500 7,431.46 +2.26%Nasdaq 25,888.84 +2.86%Dow 51,202.26 +2.57%Nikkei 225 69,317.50 +4.99%Gold $4,356.70 +2.78%Silver 70.98 +4.41%Brent Crude Oil $83.25 -4.67%Dollar Index 99.54 -0.21%GBP/USD 1.3419 +0.04%GBP/EUR 1.1558 -0.23%GBP/AUD 1.8991 -0.22%Bitcoin (USD) $66,286 +0.88%Ethereum (USD) 1,762.92 +2.22%
Advertisement
Follow News in 60 on Facebook
UK Weather
London 20°C Partly cloudyBirmingham 16°C Partly cloudyManchester 16°C Light rainNewcastle 14°C OvercastBristol 21°C Partly cloudyCardiff 20°C SunnyEdinburgh 14°C Partly cloudyBelfast 14°C Overcast

Trump’s $1.8bn Fund Halted Amid Political Backlash

Advertisement
Follow News in 60 on Facebook

Former President Donald Trump has reportedly paused his controversial $1.8 billion ‘anti-weaponisation’ fund, a decision driven by bipartisan criticism from Congress. This fund was intended to compensate individuals Trump claims have been unfairly targeted by government actions, particularly those involved in his legal battles with the IRS. The backlash highlights a growing concern among Republicans about the fund’s legitimacy and potential misuse, as critics label it a ‘slush fund’ for Trump allies.

The implications of this pause extend beyond immediate political fallout. It raises questions about the future of executive power and the ability of a sitting president to create funds that may benefit personal interests. With legal challenges already in motion against the fund, including lawsuits from those injured during the January 6 Capitol attack, the halt could signal a shift in how such funds are perceived and regulated.

Moreover, the fund’s suspension reflects a broader trend of increasing scrutiny over political financing and accountability. As lawmakers push for stricter regulations, this incident may serve as a catalyst for future legislation aimed at preventing similar situations, ensuring that taxpayer money is not used for personal gain.

As the legal landscape evolves, the potential for further investigations into Trump’s dealings with the IRS and the implications for his allies remain significant. This situation underscores the delicate balance of power and the ongoing debate over the ethical boundaries of political funding in the U.S.

Source: Al Jazeera

Read more Politics news →

News Category: Politics Tags: backlash, fund, law, politics, trump

Leave a comment

Your email address will not be published. Required fields are marked *