The Daily Blast: Trump’s $10 Billion IRS Shakedown Takes Darker Turn, Unnerving Experts
The DSR Network
Chris Cotnoir
4.5 • 1.9K Ratings
🗓️ 19 May 2026
⏱️ 17 minutes
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| 0:21.8 | dot UK slash podcast to learn more. Some follow the noise. Bloomberg follows the money, |
| 0:28.8 | whether it's the funds fueling AI or crypto's trillion dollar swings. There's a money side to |
| 0:34.2 | every story. Get the money side of the story. |
| 0:39.8 | Subscribe now at Bloomberg.com. This is the Daily Blast from the New Republic, produced and presented by the DSR Network. |
| 0:58.9 | I'm your host, Greg Sargent. |
| 1:09.1 | As you may have heard by now, the Justice Department just announced that it has reached an agreement with Donald Trump to settle his $10 billion lawsuit against the IRS. |
| 1:19.6 | Guess who controls the Justice Department? |
| 1:22.5 | Donald Trump. |
| 1:23.7 | The settlement will transfer nearly $1.8 billion to a new fund that reportedly will be controlled by Donald Trump. |
| 1:32.3 | So, in short, Trump effectively ordered his own DOJ to reach an agreement with him to transfer over a billion dollars in taxpayer funds into a new fund that he apparently controls and can use to reward |
| 1:47.8 | allies. How is this possible? Is there any recourse? And also, isn't this going to backfire? A new poll |
| 1:55.6 | shows Trump is getting absolutely crushed on the economy. So good luck Republicans defending this new arrangement. |
| 2:02.9 | We're working through all this with legal expert Harry Littman, who writes for the new republic |
| 2:07.4 | and presides over the Talking Fed's podcast. Harry, good to have you on. Hey, good to be here, Greg. Thanks. |
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