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Trump Files $10 Billion Lawsuit Over IRS Tax Leak

US President Donald Trump and his sons Eric Trump, left, and Donald Trump Jr, right, have sued the US federal government over tax leaks.  A new legal battle has erupted as President Donald Trump launches a sweeping $10 billion lawsuit against the U.S. government, accusing federal agencies of failing to protect his confidential tax information. The suit targets both the IRS and the Treasury Department, alleging that years of his private financial records were improperly accessed and leaked to media outlets he describes as politically hostile. The complaint argues that the unauthorized disclosure caused significant damage to Trump’s reputation, business interests, and public standing. It also claims that the leak stemmed from a politically motivated insider who exploited access to sensitive IRS systems. That individual has since been convicted, but Trump maintains that the government bears responsibility for allowing the breach to occur in the first place. The lawsuit, filed in fe...
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Wall Street Pulls Back as Investors Weigh Potential Fed Shift

 



U.S. stock futures slipped as traders assessed the market impact of former Federal Reserve Governor Kevin Warsh emerging as President Donald Trump’s preferred pick to lead the central bank. The possibility of a policy shift under new leadership added a layer of uncertainty to an already sensitive market environment.

Market Movement

  • Dow futures edged lower, reflecting broad investor caution.
  • S&P 500 futures also dipped, signaling a softer open for large‑cap equities.
  • Nasdaq futures fell more sharply as tech stocks continued to face pressure.

Why Warsh’s Name Matters

Warsh has long been viewed as more hawkish than recent Fed leadership, though he has recently echoed Trump’s calls for rate cuts. That combination — a history of tighter policy paired with openness to easing — leaves investors unsure how he might steer the Fed at a time when markets crave clarity.

The Broader Mood

With economic data mixed and geopolitical tensions simmering, traders are reacting quickly to any hint of change at the central bank. Warsh’s potential nomination adds another variable to a market already navigating shifting expectations.


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