The Trump Organization faces ongoing scrutiny over funding, governance, and political entanglements as investigations and lawsuits ripple through its orbit.
Kies has left his roles as assistant Treasury secretary and acting IRS chief counsel. Reports indicate he warned White House officials against directing audits, triggering Democratic concerns that officials interfered with tax enforcement. The White House says Kies was not a team player amid questions about a settlement that could shield Trump from probes.
The BBC case moves forward as the court allows discovery into Trump’s finances tied to a Panorama edit of Jan. 6 footage. Judges order production of Trump Trust documents, while Trump’s lawyers press to limit disclosures. The dispute centers on whether edits damaged his brands and led to financial loss.
Capital One has told a Florida federal court that it closed more than 300 Trump Organization accounts after months of anti-money‑laundering (AML) analysis, and it is asking the court to dismiss the Trump Organization's debanking lawsuit as legally deficient. The Trump Organization has argued the closures were politically motivated; Capital One says its actions followed bank policy and federal guidance.
Todd Blanche has posted written orders that rescind a May directive creating a $1.8bn "anti-weaponization" fund and that limit broad IRS audit protections in a settlement with Donald Trump. Senators John Cornyn and Thom Tillis have said they will support advancing his nomination to the full Senate, though Democrats and legal experts have said the written assurances leave room to revive the fund.
The Senate has passed a bipartisan short-term funding bill 90-6 to keep the federal government funded through Dec. 11. The measure blocks the administration from transferring funds to the Border Patrol, delays a national ban on intoxicating hemp products by one month, and pauses a proposed White House grants rule while negotiations on full-year spending continue.
The Independent reports that President Trump is tying Blanche’s U.S. attorney general nomination to conditions on the IRS immunity shield and the $1.8 billion Anti-Weaponization Fund, signaling political maneuvering as Republicans seek tighter guardrails.
The Senate has confirmed Todd Blanche 50–49 as U.S. attorney general and he has been sworn in at the White House. Blanche has led the Justice Department in an acting capacity since April, previously served as the president’s private lawyer, and has rescinded a proposed $1.8bn compensation fund amid bipartisan concern about politicising the department.
The BBC has asked a Florida federal court to allow subpoenas to be served on Donald Trump Jr., Ivanka Trump and Jared Kushner in President Trump’s $10bn defamation suit over a 2024 Panorama edit. The BBC says the trio have "personal knowledge" about the January 6, 2021 speech; Trump’s lawyers argue service is blocked by Secret Service protection and call the effort politically motivated.
Berkshire Hathaway has expanded its Alphabet stake and outlines how it plans to use energy assets to support hyperscale computing, while facing renewed community resistance to data-centre projects. Abel says Berkshire will sell energy to AI customers only if it wouldn’t raise costs for other customers, and Buffett’s Alphabet investment continues to loom large as AI reshapes the portfolio.
Global markets show a sharp reversal as momentum stocks lose ground in July after AI-driven gains earlier in 2026. Chipmakers weaken, biotech surges on Moderna news, and investors reassess valuations as sector rotations intensify amid a choppy August.
The son of a former president has launched a meme coin, $LAPTOP, on Coinbase’s Base network. Initial trading has been volatile, with prices surging to hundreds of dollars before crashing to single digits. The coin’s supply totals 1 billion, with a portion earmarked for traders who lost money on Trump’s coin and for charity or liquidity needs. Founders must wait six months before selling, with full availability over two years.
U.S. President Donald Trump has said he would “love to see” a united Ireland and that reunification “will happen eventually,” remarks made in Dublin during a visit that has provoked mixed reactions across political camps. He added that unification would be a “fantastic” development and that the UK would have a say in the process. Irish Prime Minister Micheál Martin has urged calm, while British and Northern Irish politicians have offered varied responses.
Rep. Robert Garcia has launched an oversight inquiry after ProPublica reported that Russian boxing official Umar Kremlev paid hundreds of thousands of dollars toward Donald Trump Jr.'s May wedding weekend in the Bahamas. Garcia has requested documents from the White House and Trump Jr., seeking communications, financial records and guest lists tied to Kremlev's payments.
The U.S. case against David Hearn over vandalism at the Lincoln Memorial Reflecting Pool has been permanently dismissed after prosecutors found new evidence showing contractor flaws. The judge notes potential political interference from the White House and President Trump’s public comments as a key factor in the decision. Three related cases were also dropped.
Trump has proposed converting a Florida golf course into a US Presidential Golf Course with a dedicated lodge and free access for current and former presidents and visiting leaders. The plan emphasizes security and proximity to an airport, drawing comparisons to Camp David. Local officials are reviewing the proposal, which would require county approval and alignment with Secret Service needs.