The Preamble

The Preamble

The Daily Brief — May 18, 2026

Trump drops IRS lawsuit, trades millions in individual stocks; an outbreak of Ebola; and more

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The Preamble
May 18, 2026
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Trump Drops IRS Lawsuit; DOJ Creates $1.8 Billion Fund for Allies

Hours after President Trump’s personal lawyers filed to dismiss his $10 billion lawsuit against the IRS today, the Justice Department announced the creation of a $1.8 billion fund to pay his political allies who claim they were unfairly targeted by the Biden administration. Under the settl…

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