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Home»Latest News»Todd Blanche moves closer to confirmation after rescinding $1.8B fund
Latest News

Todd Blanche moves closer to confirmation after rescinding $1.8B fund

Jack ReynoldsBy Jack ReynoldsAugust 3, 20261 Min Read
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Todd Blanche moves closer to confirmation after rescinding .8B fund

NEWYou can now listen to Fox News articles!

Acting Attorney General Todd Blanche moved closer to Senate confirmation Sunday after formally rescinding a controversial $1.8 billion “anti-weaponization fund” and narrowing tax protections included in President Donald Trump’s IRS settlement.

A spokeswoman for Sen. John Cornyn, R-Texas, confirmed an agreement had been reached after Cornyn and Sen. Thom Tillis, R-N.C., held up Blanche’s nomination. The Senate Judiciary Committee is scheduled to vote on the nomination Tuesday.

“My team and I have met with committee members and Senators over the past several weeks and addressed any concerns or outstanding questions,” Blanche said in a statement on Sunday.

“We have enjoyed good faith discussions, and as a result issue the following order and update with regard to the May IRS settlement. The Department always welcomes and appreciates productive engagement with all members of Congress,” he added.

Blanche’s order formally rescinded the May 18 directive establishing the fund and clarified that tax-related protections in the settlement apply only retroactively, not to future filings.

This is a developing story. Check back for updates. 

Read the full article here

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