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Trump's Trade Wars & Tax Battles Collide as Shutdown Looms

Trump Sues IRS and Treasury for $10 Billion Over Tax Return Leak

Former President Donald Trump filed a lawsuit against the Internal Revenue Service (IRS) and the Treasury Department on Thursday, seeking at least $10 billion in damages. The lawsuit alleges that the agencies unlawfully allowed an IRS contractor to leak his tax returns, as well as those of his sons and company, to media outlets in 2020.

The lawsuit, filed in federal court in Miami, was brought by Trump in his personal capacity, along with his sons Eric and Don Jr., and the Trump Organization. The plaintiffs claim that the mishandling of the tax returns led to their improper disclosure, causing significant harm.

"Defendants have caused Plaintiffs reputational and financial harm, public embarrassment, unfairly tarnished their business reputations, portrayed them in a false light, and negatively affected President Trump, and the other Plaintiffs' public standing," the lawsuit states, according to CBS News.

In other news, the Senate reached an agreement Thursday to move forward with a government funding package while negotiations continue regarding immigration enforcement reforms. This comes in the wake of a fatal shooting by federal agents in Minneapolis last weekend, according to a Senate Democratic source speaking to CBS News. The deal involves removing a bill to fund the Department of Homeland Security (DHS) from a broader package of six spending bills and extending DHS funding at current levels for two weeks. The other five bills cover the Pentagon, the State Department, and other agencies. Funding was set to lapse at 12 a.m. Saturday for the parts of the government funded by the six bills.

Meanwhile, Minneapolis Mayor Jacob Frey expressed skepticism regarding a potential drawdown in Operation Metro Surge, despite signals from White House border czar Tom Homan. "We need Operation Metro Surge to end," Frey told CBS News on Thursday afternoon. "It is not about creating safety in Minneapolis. If the goal was to find an antidote to chaos, there would be a very straightforward answer, which is to end Operation Metro Surge, remove the federal agents." Homan replaces Greg Bovino of the U.S. Border Patrol, who had been the on-the-ground face of operations in Minnesota until earlier in the week. As of Thursday, Homan had not clarified how many agents remained in Minnesota.

In North Mississippi, communities are still struggling to recover from a historic ice storm. Gravestown Fire Chief Kenny Childs told CBS News that his community has been without power and running water for five days. He expressed gratitude for the generators distributed by the Federal Emergency Management Agency (FEMA). "We had no water, no power, no nothing. So, you know, it is great," Childs said. However, he added that his local electric company informed him that it would be another seven to 15 days before power is restored to his community.

Adding to the economic tensions, former President Trump threatened Canada with a 50% tariff on any aircraft sold in the U.S., escalating his trade war with the country. He stated that this was in retaliation for Canada's refusal to certify jets from Gulfstream Aerospace, based in Savannah, Georgia. "If, for any reason, this situation is not immediately corrected, I am going to charge Canada a 50 Tariff on any and all Aircraft sold into the United States of America," Trump said on Truth Social late Thursday, also stating he was "hereby decertifying" the Bombardier Global Express.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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