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Today — 2 June 2026NYT | Top Stories

Trump Backs Off Plan for $1.8 Billion Fund That Drew Political Backlash

The fund has drawn backlash from critics who said it was a scheme to reward President Trump’s political allies with public benefits.

© Allison Robbert for The New York Times

Beyond the legal challenges, President Trump has also faced increasing pressure from both parties on Capitol Hill to torpedo the fund.
Before yesterdayNYT | Top Stories

Federal Judge Bars Trump From Immediately Setting Up $1.8 Billion Fund

29 May 2026 at 23:48
A judge in Virginia temporarily blocked the Trump administration from transferring money in or out of the fund until the court could hear arguments in June.

© Erin Schaff/The New York Times

The order came from the Federal District Court for the Eastern District of Virginia, in Alexandria, in a case brought by a group of people who say they have faced partisan attacks by the Trump administration but expect to be excluded from accessing the fund.
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