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Trump Administration Proposes $1.7B Fund to Compensate Political Allies Investigated Under Biden

GateNews

2026-05-17 20:37:03

According to New York Times on May 16, the Trump administration is considering establishing a $1.7 billion fund to compensate allies who faced Department of Justice investigations during President Biden’s tenure. The proposal, disclosed by three informed sources, has not yet been finalized or approved. Democrats and former government officials criticized the plan as a taxpayer-funded political compensation scheme. Officials familiar with the proposal stated that creating a compensation fund for Trump’s allies—but not the president himself—could provide a short-term solution for the administration amid ongoing litigation.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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