08/03/26 The Fund That Refuses To Die

The Trump administration insists its controversial $1.8 billion IRS settlement fund is dead—but Republicans still can’t seem to say that clearly. We break down Todd Blanche’s written assurances to GOP senators, the evasive answers on Capitol Hill, and Capital One’s claim that money-laundering concerns helped drive the underlying lawsuit.

Then, we examine how some of America’s most powerful law firms went from resisting Trump’s pressure campaign to bending the knee—using Paul Weiss as a case study in how intimidation, access, and self-preservation are reshaping the legal establishment.