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Trump Administration Signals Possible Retreat on Controversial $1.8 Billion Fund

KVIA•Monday, June 1, 2026 at 11:49 PM•CNN Newsource

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The Trump administration has indicated to Republican leaders that it may abandon plans for a $1.8 billion fund aimed at addressing 'instrumentalization.' This decision follows a federal court ruling that has temporarily halted the fund's implementation until at least June 12. While Trump has not made a definitive public commitment, sources suggest that the administration is considering suspending efforts to push the fund forward due to significant backlash from within the Republican Party. Key Republican figures are urging a complete shutdown of the fund, which has faced criticism for potentially being a discretionary fund to benefit Trump's allies. The situation remains fluid, with further legal proceedings scheduled that could affect the fund's future.

Key Details: • Federal court has suspended the fund's implementation until at least June 12. • Trump's administration is in discussions about potentially abandoning the fund. • Republican leaders are divided on the fund, with some calling for its complete elimination. • A federal judge in Florida has ordered Trump to respond to allegations of collusion regarding the fund.

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Donald TrumpDepartment of JusticeMike JohnsonJohn ThuneIRSJohn KennedyRick Scott

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