Trump poised to launch $1.7B ‘weaponization’ fund for allies, sources say

President Trump is expected to drop his $10 billion lawsuit against the IRS in exchange for the creation of a $1.7 billion fund to compensate allies who claim they were wrongfully targeted by the Biden administration, sources familiar with the matter told ABC News.

ABC News’ Rachel Scott reports.

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Iran says the Strait of Hormuz is open after a tense Israel-Lebanon clash. Experts say mutual mistrust and starkly different negotiating styles make quick progress difficult. Plus, a man in jail for breaking into his college campus finds comfort in the unexpected words of another inmate.

They grew up amid olive groves in Lebanon, married one another and now live in a Beirut building displaced multiple times. They’re the authors of a new book that argues that the future is peace.

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