Donald Trump has filed a motion seeking 'resolution' of his $10 billion lawsuit against the IRS, raising concerns that he could use control of the Justice Department to negotiate a favorable settlement on his own terms. The suit, originally brought by Trump before he returned to the presidency, targets the IRS over alleged improper disclosure of his tax records. Critics argue the situation presents a direct conflict of interest: as president, Trump effectively oversees the Justice Department attorneys who would represent the government in any settlement talks, giving him unusual leverage over both sides of the negotiation. Legal norms typically require independent oversight of disputes where a sitting president holds a personal financial stake, but no structural mechanism currently prevents the administration from settling on terms favorable to Trump. The practical concern is that a negotiated settlement could result in a multi-billion dollar payout from the federal government to the sitting president with limited external scrutiny. Observers are watching whether Congress or career DOJ officials raise formal objections to the settlement process or recusal questions.
India's Expenditure Finance Committee has cleared a Rs 1.25 lakh crore outlay for India Semiconductor Mission 2.0, up 64 percent from ISM 1.0's Rs 76,000 crore. The proposal now goes to the Cabinet, as two chip plants begin commercial output and a third, CG Semi, is set to open July 4, 2026.
The Supreme Court blocked Trump from firing Federal Reserve board member Lisa Cook, preserving the Fed's independence from presidential removal power. A separate ruling the same day gave Trump broader authority to dismiss leaders of other independent federal agencies.
The US Supreme Court has blocked President Trump's attempt to fire Federal Reserve governor Lisa Cook, who faced unproven mortgage fraud allegations. The ruling preserves Fed independence for now and keeps a politically charged removal case alive in the courts.
The US Supreme Court, splitting along ideological lines, has allowed the Trump administration to end Temporary Protected Status for Haitian and Syrian immigrants.
