All NewsEducationTV
Equities & FundsCrypto & Digital AssetsAI & TechnologyBusiness & CorporateUS Politics & PolicyGeopolitics & Global RiskMacro, Rates & FXCommodities & EnergyEuropean Politics & MarketsAsia-PacificReal Estate & Property
Story archiveAll categories
← All Stories

Senator Demands Assurances on Trump Settlement, Threatening Blanche Nomination

Created at 29 Jul · 4:41 PM1 source↑ Market-relevant
IN SHORT

Senator John Cornyn is withholding support for Todd Blanche's nomination as attorney general, demanding further assurances from the Justice Department regarding the settlement of Donald Trump's lawsuit against the IRS. A key Republican senator has called off a meeting with Blanche, putting the nomination at risk of delay.

✉Newsletter

PiQ Daily

Pick your topics. Get only what matters, on your cadence.

Key Numbers

$10 billionTrump's lawsuit against the IRS
$1.776 billionproposed 'Anti-Weaponization Fund'

Who's Involved

Todd Blanche
acting attorney general, nominee for attorney general
John Cornyn
Republican Senator demanding assurances on Trump settlement
Donald Trump
plaintiff in lawsuit against IRS
Thom Tillis
Republican Senator backing Cornyn's position
Justice Department
providing assurances on settlement terms

↳ Why This Matters

The nomination of Todd Blanche to be attorney general is at risk of delay, potentially impacting the Justice Department's leadership and its handling of sensitive legal matters involving President Donald Trump.

Key facts

  • Senator John Cornyn is delaying Todd Blanche's nomination for attorney general.
  • Cornyn seeks further assurances on the settlement of Donald Trump's lawsuit against the IRS.
  • The settlement includes protection from tax audits for Trump and his family.
  • A planned vote to advance Blanche's nomination is in doubt.
  • The Justice Department has provided a written proposal to address Cornyn's concerns.
  • A vote to advance Todd Blanche's nomination for attorney general is facing potential delay due to concerns raised by Republican Senator John Cornyn. Cornyn is demanding further assurances from the Justice Department regarding the settlement of President Donald Trump's lawsuit against the Internal Revenue Service, specifically concerning protections from tax audits for Trump and his family.

    Cornyn, a key swing vote on the Senate Judiciary Committee, canceled a meeting with Blanche, who is currently serving as acting attorney general. The committee has scheduled a vote for Thursday, but its outcome is uncertain without Cornyn's support. Senator Thom Tillis has aligned with Cornyn's stance.

    The dispute centers on the settlement of Trump's $10 billion lawsuit. While a plan for a $1.776 billion "Anti-Weaponization Fund" was dropped amid bipartisan criticism, the audit immunity agreement reportedly remains in place. Cornyn and Tillis are seeking explicit confirmation that the fund is defunct and clarification on the scope of the tax immunity deal, despite public assurances from Blanche.

    A person familiar with the matter indicated that the Justice Department submitted a written proposal to Cornyn's office to address his concerns, though Cornyn expressed frustration with the process, stating the department "simply refuse[s] to do it."

    Frequently asked questions

    Todd Blanche is nominated for the position of attorney general and is currently serving as the acting attorney general.

    Senator Cornyn is concerned about the terms of the settlement between Donald Trump and the IRS, specifically regarding audit immunity and a previously proposed "Anti-Weaponization Fund."

    The "Anti-Weaponization Fund" was a proposed $1.776 billion fund intended to compensate individuals who believed they were wronged by the Justice Department, but it has since been scrapped.

    What Happens Next

    01Senate Judiciary Committee vote on Blanche's nomination.
    02Justice Department providing further assurances to Senator Cornyn.

    Get the newsletter.

    Pick the topics you actually care about. We'll email when there's news worth your time, on the cadence you choose. Cancel any time from your account.

    Cadence

    How It Developed

    Senator John Cornyn demanded more assurances from the Justice Department regarding the settlement of Donald Trump's lawsuit against the IRS.
    Cornyn called off a scheduled meeting with acting Attorney General Todd Blanche.
    The Senate Judiciary Committee planned a vote to advance Blanche's nomination.
    Senator Thom Tillis backed Cornyn's position.
    The Justice Department provided Cornyn's office with a written proposal to address concerns.
    Cornyn expressed frustration with the Justice Department's response.

    Sources

    T1
    Blanche nomination at risk of delay as senator seeks assurances on Trump settlementAP News

    Related Stories

    US lawmakers press Health Secretary Robert F. Kennedy Jr. on vaccine settlement
    29 Jul · 10:06 AM
    Senate Confirms Jay Clayton as Top US Spy Amid Election Integrity Debate
    28 Jul · 11:21 PM
    Fauci invokes Fifth Amendment at Senate hearing on Covid origins
    29 Jul · 9:11 AM
    Republicans who previously opposed CISA now seek to bolster the agency
    29 Jul · 2:06 PM
    Clarity Act Odds Fall to 27% Amid Bipartisan Ethics Counteroffer
    29 Jul · 9:46 AM