Friday, May 22, 2026
NEVER BEFORE - There Has Never Been an Example of Presidential Corruption Like This
There Has Never Been
an Example of Presidential Corruption Like This
May 20, 2026
The editorial board is a group of opinion journalists whose views are informed by expertise, research, debate and certain longstanding values. It is separate from the newsroom.
Has there ever been an
episode of presidential corruption so blatant and threatening to constitutional
order? Certainly not in modern times. President Trump’s Justice Department is
using taxpayer money to create a $1.8 billion political slush fund. Ostensibly
set up to compensate those who the department claims have “suffered
weaponization and lawfare,” it will in fact reward loyalists willing to defy
the law and commit violence on behalf of the president.
The fund manages to
combine three of Mr. Trump’s most alarming behaviors. One, it is an obvious
form of corruption, coming from a president who has used his office to enrich himself, his family and his allies. Two, the
fund continues his pattern of using the Justice Department as an enforcer to punish his perceived opponents
and protect his friends and allies. Three, the fund is his latest attempt to rewrite history about the 2020 election and the
Jan. 6, 2021, attack on Congress.
It is worth pausing to
put the fund into the larger context of Mr. Trump’s political project: He is
destroying pillars of American democracy to empower himself. He claims
elections are legitimate only if he wins. He uses federal law enforcement to
investigate and prosecute his perceived enemies. He purges his party of
officials who defy him. He describes members of the other party and civil
society as traitors and enemies. He incentivizes his supporters to break the
law on his behalf and rewards them when they do. He directs his allies to change election rules to keep his party in power.
Mr. Trump’s project has not yet
succeeded, at least not fully. Many Americans — in the
judicial system, in Congress, in state governments and elsewhere — continue to
stand up for democracy and oppose his autocratic ambitions. By now, though,
nobody should have illusions about what he is attempting to do.
The fund’s existence is a story of political self-dealing. It is nominally
the product of a flimsy personal lawsuit that Mr. Trump filed this year against
the Internal Revenue Service, which he oversees, over the leaking of his tax
returns during his first term. That lawsuit led to an absurd negotiation, in
which the lawyers on one side worked for Mr. Trump the citizen and those on the
other side worked for Mr. Trump the president.
Adding to absurdity, the
government lawyers reported to Todd Blanche, the acting attorney general, who
previously worked as Mr. Trump’s personal lawyer. A federal judge in Miami
helping to oversee the case, Kathleen Williams, pointed out that the two sides were not
adversaries, which called into question the process. Even Mr. Trump
acknowledged the situation shortly after filing the suit by saying, “I am
supposed to work out a settlement with myself.”
Yet the talks proceeded
because Mr. Trump’s Justice Department was in charge. Unsurprisingly, they led
to a deal that was extremely favorable to him.
In exchange for the
president’s dropping the suit against the I.R.S., both he and his supporters
will receive government handouts. For Mr. Trump, the handout comes in the form
of permission to have cheated on his taxes. The government has granted him and his family immunity from
ongoing audits of his tax payments. He has a long history of using questionable accounting maneuvers, and the audits
could have cost him more than $100 million, experts have said. Now they will
cost him nothing.
For his supporters, the handouts will
come from the slush fund. The Justice Department will tap a permanent stream of
revenue that Congress created in 1956, known as the Judgment Fund, to settle
lawsuits against the federal government. As Paul Figley, a former Justice
Department official, noted, the new fund appears to be both legal and at odds
with Congress’s intent. “It’s horrible policy,” Mr. Figley told The Times.
The department has allocated $1.8 billion for what it calls, in
an Orwellian flourish, an Anti-Weaponization Fund and invited applications from
people who have been targeted for “political, personal or ideological reasons.”
Mr. Blanche — who holds his position as acting attorney general largely because
of his willingness to use federal power in service of Mr. Trump’s personal
whims — will appoint a five-member board, with congressional leaders given
input on one of the five. Mr. Trump can fire any of the members at any time.
To understand who is
likely to receive payments, look at who has previously received settlements
from the Justice Department. Michael Flynn, who was briefly Mr. Trump’s
national security adviser in 2017, received $1.25 million, even though he pleaded
guilty to lying to F.B.I. agents. The family of Ashli Babbitt, who participated
in the Jan. 6 riot, and whom federal agents shot as she and others approached
the House floor, received nearly $5 million, even though investigators
cleared the shooters of wrongdoing. The Trump administration is paying off
people who committed violence and crimes, as long as they are Trump allies.
The fund’s timeline is
the giveaway of how Mr. Trump plans to use it. The Justice Department said the
fund would stop processing claims on Dec. 15, 2028, weeks before the president
is to leave office, ensuring the money is distributed while he still holds the
power to fire anyone who objects. The window is precisely the window of Mr.
Trump’s authority.
Even some of Mr. Trump’s
usual defenders are unhappy. Senator John Thune, Republican of South Dakota and
the majority leader, meekly said that he was “not a big fan” of the fund. Brian
Morrissey, the Treasury Department’s general counsel, resigned within hours of the announcement, seven
months after the Senate had confirmed him.
Providing payoffs is only part of the point. Another, according to Mr.
Blanche, is “ensuring this never happens again.” What, exactly, is “this”? The
evenhanded enforcement of the law.
The Trump administration
has already fired federal agents who did their duties by investigating the
president’s attempts to overturn the 2020 election. Mr. Trump has issued blanket clemency to more than 1,500
Jan. 6 rioters, some of whom may soon receive payments. His Justice Department
secured an indictment of James Comey, the former F.B.I. director, on dubious
charges as retribution for his role in the investigation of the 2016 Trump
campaign’s Russia ties. The fund continues the effort to turn law enforcement
into a tool of raw political power.
The fund also encourages
future lawlessness on Mr. Trump’s behalf. It sends the message that he will use
his power not only to shield people who break the law from accountability but
also to shower benefits on them. Just as punishment is a deterrent, rewards are
an incentive.
After President Richard
Nixon’s abuses in the Watergate scandal, Congress and the executive branch
built rules and traditions to ensure that federal agencies, especially the
Justice Department, operated in the public interest, rather than that of the
president. Mr. Trump has tried to break this
system. Once he is gone, it will need to be rebuilt, and better than before. He
has exposed and exploited its flaws and gaps. Unless they are filled, Mr.
Trump’s corruption and perversion of justice risk becoming the norm.
In the meantime, Americans should be
cleareyed about what the president is doing. He is taking their money and
showering it on criminals.
Trump’s Government Moves to Spare an Unhappy Taxpayer Named Trump
Trump’s Government Moves to Spare
an Unhappy Taxpayer Named Trump
No president has ever
used the federal government to advance his own personal interests and those of
his family and allies as expansively and openly as Mr. Trump has.
President Trump seems even less
inhibited by the rules, written or unwritten, that governed his
predecessors. Credit...Doug Mills/The New York Times
By Peter
Baker
Peter
Baker, the chief White House correspondent, is covering his sixth
administration and has written multiple books on the modern presidency.
May 20, 2026
It is hard to imagine
that any previous president would have thought he could engage in such an
audacious act of self-dealing.
Sue the government he
runs, then settle the lawsuit with himself by barring the Internal Revenue Service from auditing his
past returns. And as part of that deal, hand over $1.8 billion of taxpayer
money to his allies.
President Trump has used
the federal government to advance his own personal interests and those of his
family and allies more expansively and openly than any past occupant of the
White House. Any review of history would suggest that it is not even close.
But as Mr. Trump, the only convicted
felon ever elected president, heads deeper into his second term, he seems even
less inhibited by the rules, written or unwritten, that governed his
predecessors. While deeply unpopular with the general public, he has demonstrated
as recently as this week that he remains the undisputed master of his own
party, and therefore appears to feel that he can do as he likes without fear of
Congress standing in his way.
His self-granted writ of immunity from the I.R.S. amounts to a
get-out-of-audits-free card, essentially the equivalent of pardoning himself
for any past offenses and forgiving any tax debt or penalties. While the status
of any now-short-circuited audits is not publicly known, his action could
theoretically save him from paying $100 million or more, based
on past estimates of what his liability might have been under an unfavorable
I.R.S. decision.
The I.R.S. audit
exemption for himself, along with the taxpayer payout to his supporters —
potentially including those who attacked the Capitol and beat police officers
on Jan. 6, 2021, in an effort to overturn an election that Mr. Trump lost —
stand out in their brazenness, yet not in what they say about his underlying
approach to governance in his sixth year in office.
Mr. Trump has so blurred the lines between his financial interests
and his public office that it is hard to define where the lines lie anymore, or
if they still exist. He, his family and his friends have made a fortune in the
16 months since he returned to power in ways that once would have been seen as
conflicts of interest and possibly generated investigations.
“Presidents have had
corrupt, even criminal, family members,” said Barbara A. Perry, a presidential
scholar at the University of Virginia’s Miller Center, citing, among others,
Hunter Biden. “But none of them succeeded to the extent of the Trump family in
the level of graft achieved.”
She added: “They have won the
presidency twice, emasculated Congress, created a supportive high court, and
reshaped the law and institutions to absolve them of any wrongdoing, while
making billions of ill-gotten dollars.”
Anna Kelly, a White
House spokeswoman, rejected the assertion.
“This is the same tired
narrative that Democrats have pushed against President Trump, his family and
his administration for a decade,” she said. “President Trump only acts in the
best interests of the American public — which is why they overwhelmingly re-elected
him to this office, despite years of lies and false accusations against him and
his businesses from the fake news media. There are no conflicts of interest.”
While generally not
covered by conflict of interest laws that apply to other government officials,
presidents especially in the post-Watergate era have followed certain practices
and abided by self-imposed limits to assure the public and feared a political
price, at the least, if they did not. But Mr. Trump, already shielded from
further criminal prosecution for acts deemed to be official under a new
presidential immunity doctrine devised by the Supreme Court, has dispensed with
such customs.
Just last week, a
disclosure form indicated that Mr. Trump’s investment portfolio executed more than 3,600 trades in the first three
months of this year alone, many involving companies that he has favored with
access or policies. His portfolio bought stock in companies run by 15 of the 17
chief executives he brought with him to China last week. The timing of some
purchases has raised questions about whether they were related to statements he
made or to policies he embraced.
The Trump Organization,
his family-owned business, said that the trades were made by outside brokerage
firms, and that he, his family and his firm did not have any role in deciding
what stocks to buy or sell. But unlike other modern presidents, Mr. Trump has
not put his investments in a genuine blind trust, since, as the disclosure form
made clear, it is no secret to him what companies he has shares in as he goes
about making policy decisions.
His family has profited enormously off
his new cryptocurrency business at the same time the president has rolled back
regulation of the industry. Mr. Trump pardoned the founder of the cryptocurrency exchange Binance,
which was involved in helping the Trump family build its crypto start-up. Jeff
Bezos, whose businesses receive federal contracts and depend on U.S. Postal
Service rates, approved paying an estimated $28 million to Melania Trump, the
first lady, for a self-promotional film streamed on Amazon.
Mr. Trump’s sons and son-in-law are
involved in multibillion-dollar business ventures in the Gulf Arab states at
the same time the president is making those nations favorites of his foreign
policy. An investment firm tied to the United Arab Emirates made a $500 million investment in the Trump crypto
firm just days before his inauguration. The Trump administration later approved
the export of advanced chips to the U.A.E. Altogether, Bloomberg has estimated
that the family’s crypto investments have increased its net worth by more than $1
billion, at least on paper.
Image
The Trump family during the State of
the Union address in February.Credit...Eric Lee for The New York Times
Polls show that most of
the public has concluded that Mr. Trump is leveraging the presidency for his
own benefit. A poll by YouGov in
March found that 54 percent of Americans believed the term “corrupt” applied “a
lot” to the president, up from 46 percent a year earlier.
Democrats lashed out
after the announcement of the $1.8 billion fund for Mr. Trump’s allies and the
I.R.S. immunity. “A stunning act of corruption,” said Senator Ron Wyden of
Oregon. “A scam,” wrote Representatives Richard Neal of Massachusetts and Jamie
Raskin of Maryland. “This one is just eye-popping unbelievable,” said Senator
Elizabeth Warren of Massachusetts.
Even some Republicans indicated unease
with the arrangement. Senator John Thune of South Dakota, the majority leader,
said he was “not a big fan” of the taxpayer fund for Mr. Trump’s supporters.
Representative Brian Fitzpatrick of Pennsylvania went so far as to say that
“we’re going to try to kill it.”
But the Republican
congressional majorities, which eagerly pursued corruption allegations against
President Joseph R. Biden Jr. and his family, have until now shown little interest in scrutinizing Mr. Trump’s
blending of personal and public interests. And Mr. Trump demonstrated once
again on Tuesday with the defeat of Representative Thomas Massie of Kentucky in
a Republican primary that he still wields unrivaled power to punish those who
cross him.
Speaking with reporters
on Wednesday, Mr. Trump defended his lawsuit against the I.R.S. over a
contractor illegally providing his tax forms to reporters. The contractor has
since been convicted by the Biden Justice Department and sentenced to prison,
but Mr. Trump argued the agency itself should still be held responsible.
He nonetheless acted as
if he had nothing to do with the eventual deal negotiated by lawyers who work
for him, including the acting attorney general, Todd Blanche, who was his
personal defense attorney in criminal cases before the 2024 election.
“I guess they made a
settlement of some kind,” Mr. Trump said. “I wasn’t involved in the settlement.
I could have been involved. But I didn’t choose to be.” He did not explain why
the release of his tax forms, even if the government were to be held liable,
should preclude him from being held responsible if he underpaid his taxes.
As for the $1.8 billion fund, it is to
go to those people who were supposedly mistreated by the Justice Department
under Mr. Biden, which could include the Jan. 6 attackers, who were already
pardoned by Mr. Trump. “People were destroyed,” he said. “They went to jail.
Their families were ruined. They committed suicide.” He made no mention of the
police officers who were assaulted or later died.
Mr. Trump is an
unabashed tax avoider — “that makes me smart,” he famously said in 2016 — and
his tactics have repeatedly drawn scrutiny. The Trump Organization, wholly
owned by his family, was convicted in criminal court in 2022 of 17 counts
of tax fraud, a scheme to defraud, conspiracy and falsifying business records
for doling out off-the-books perks to some of its top executives. The company
was given the maximum fine of $1.6 million. His chief financial officer,
Allen H. Weisselberg, pleaded guilty to 15 counts and spent several months in
jail.
For years, Mr. Trump
fought to keep his tax returns hidden from the public, unlike every other
modern president who voluntarily released them. Tax documents obtained by The Times in 2020 showed that he paid
only $750 in federal income taxes in 2016, when he originally ran for president
on the basis of being a successful billionaire businessman, and only $750 in
2017, his first year in office.
In 10 of the previous 15
years, Mr. Trump paid no income taxes to the federal government whatsoever, by
reporting large losses. A yearslong audit battle with the I.R.S. could have
cost him $100 million absent this week’s arrangement, according to a Times
analysis of his returns in 2020, a sum that could be significantly higher with
six more years of interest.
Other presidents have
traditionally done whatever they could to avoid looking like they were skimping
on taxes, trading the markets, making money off policy decisions or using
taxpayer funds to reward political allies. While many modern presidents have cashed
in after leaving office, none have made the kind of money that Mr. Trump and
his family have during their time in the White House.
Even the most notorious presidential
financial scandals in history — Credit Mobilier during Ulysses S. Grant’s
administration, Teapot Dome during Warren G. Harding’s presidency and Watergate
during Richard M. Nixon’s tenure — did not come close to the money swirling
around the Trump family during his second term.
“Not only do the three
most infamous previous presidency financial-political scandals seem minor
compared to Trump’s,” said Ms. Perry, the presidential scholar, “but none of
the three presidents — Grant, Harding, Nixon — padded their own bank accounts.”
People around Grant and Harding traded public policy for money, but there was
no evidence that the presidents themselves profited. And the money raised by
Nixon’s team went to his campaign dirty tricks slush fund and hush money for
the Watergate burglars, rather into the president’s pocket.
As of Wednesday, Forbes magazine estimated Mr. Trump’s net worth at
$6.1 billion, up from $5.1 billion last year and $2.3 billion in 2024.
Mr. Trump has insisted
that he does not make policy decisions based on his own interests, and has
accused those who have investigated him and his allies over the years of
political persecution. But as he grows more settled in office, he appears less
concerned about the way his actions look. He told The Times in January that he saw no benefit
in following the presidential traditions of blind trusts, divestment of assets
or avoiding business deals.
“I prohibited them from doing business
in my first term,” he said of his family, “and I got absolutely no credit for
it. I didn’t have to do that. And it’s really unfair to them.” Critics would
argue that he in fact did not fully distance himself from business in his first
term. But he noted that it did not make a difference: “I found out that nobody
cared, I’m allowed to.”
Peter Baker is the chief White House correspondent for The Times.
He is covering his sixth presidency and sometimes writes analytical pieces that
place presidents and their administrations in a larger context and historical
framework.
Thursday, May 21, 2026
CBS Cancels Itself, Not Just Colbert
CBS Cancels Itself,
Not Just Colbert
May 16, 2026
By Bill Carter
Mr.
Carter is the author of “The Late Shift” and “The War for Late Night” and is
editor at large for LateNighter.com
From the start of his
career as a late-night television star on CBS, Stephen Colbert shattered the
long-established broadcast network mold for who and what make a late-night
host.
His previous experience,
“The Colbert Report” (pronounced as though on TV Française) on Comedy Central,
was a never-ending sketch, which had Mr. Colbert playing a caricature of a
self-obsessed, blowhard conservative commentator.
He even conducted
interviews on the show as the character, compelling him to tell his guests to
be prepared for “a jerk.”
Before CBS, Mr. Colbert had almost
never appeared as himself on television, nor most anywhere else. For years he
gave interviews about the show completely in character, a guy who could not
have been more opposite to the real Mr. Colbert in personality or political
views.
Everyone had to be in on
the fake news joke. It was a masterly, one-of-a-kind performance, one of the
sharpest, most astute political satires ever produced for a mainstream audience
— and a hit. It lasted for nine years. His recruitment by CBS to succeed the
legendary David Letterman as host of “The Late Show” in 2014 made complete
sense to me; he was a major comic star and he wanted the job. At the time, I
was convinced it was a perfect match, and one sure to be easier than what Mr.
Colbert had just pulled off. All he had to do this time was be the real Stephen Colbert.
What I didn’t anticipate
was that the foundation of Mr. Colbert’s success was something new to late
night: hard-core, point-of-view political comedy. He had developed it while
contributing to “The Daily Show” on Comedy Central. A broadcast network, steeped
in the traditional “both sides” style of Johnny Carson, was going to expect him
to drop that as well as the character.
CBS did; Mr. Colbert
tried. It didn’t work.
His outspoken, pointedly
satirical voice was muted in his early “Late Show” performances. He looked a
bit lost, as though in trying to be the real Stephen Colbert whom CBS
anticipated, he was actually becoming another character — and not a terribly
funny one.
At risk of losing the
gig, Mr. Colbert agreed to CBS’s push for a new executive producer, Chris
Licht, with only TV news credits: “Morning Joe” and “CBS This Morning.”
Mr. Colbert later praised Mr. Licht and conceded he had been crucial in
transforming the show into “what we really want to do,” which was build the
comedy around the news of the day (even if Mr. Colbert had given up pretending
to be a fake news anchor).
Mr. Licht’s arrival in
2016 coincided with the political rise of Donald Trump — and a grudge match
made in media heaven was born.
Mr. Colbert started
finishing first in late-night about a year later and stayed in the position for
most of the time since.
Mr. Colbert is leaving
the Ed Sullivan Theater this Thursday, after around 1,800 shows. CBS has said,
definitely and defensively, that this is purely a business decision. Nobody
really believes that, but even the No. 1 late-night show is not the moneymaker
it once was. It’s expensive to produce. The broadcast ratings are not what they
used to be. Those viewers who are left are disproportionately older, and of
less interest to advertisers.
The network says it
decided to end “The Late Show” because it was losing at least $40 million a
year. Sounds credible, doesn’t it? Maybe not. Many insiders — including Mr.
Colbert’s friend and direct competitor, Jimmy Kimmel — have noted that CBS’s
calculation left out some key factors. It did not include the effect of Mr.
Colbert’s star presence on the fees CBS is able to command from local affiliate
stations. It shrugged off the value the network has gained from sending stars
of its series onto the show for promotion. It ignored Mr. Colbert’s role in
bringing viewers to those affiliates’ 11 p.m. news shows, in anticipation of
the new “Late Show” episode that would air right after.
Mr. Colbert says the network never
raised its financial concerns, and did not push for any of the ways such a show
could cut costs. (When NBC saw declining revenues from its own late-night
offerings, it eliminated the band on Seth Meyers’s show and cut Jimmy
Fallon’s back to four days a week.) In fact, Mr. Colbert said CBS was “feverish” to lock him into a new contract only three years ago.
Mr. Colbert, as
gentlemanly a star as there is on television, has thrown no on-air tantrums.
He’s mostly left the open disparagement of the bosses to his predecessor, David
Letterman.
But it’s no secret what
transpired in between that eager pitch to extend his run and that sudden
closing notice: CBS’s parent company, Paramount, was on the verge of a merger.
President Trump, who had been wounded by Mr. Colbert’s political satire, and who
on many occasions had publicly called for him to be canceled (or “put to sleep” in one memorable social media message), had returned to
office and was in a position to interfere with any deal.
Paramount had already
taken steps widely seen as currying favor with the administration, most notably
when it signed off on a $16 million payment to settle a lawsuit Mr. Trump
brought against CBS News’s “60 Minutes,” even though legal experts said Mr. Trump
had very little chance of prevailing in court.
In a monologue, Mr.
Colbert called the settlement a “big fat bribe.” He got word he’d been
canceled just days later. A week or so after that, the deal was approved.
However CBS attempts to characterize
the Colbert decision from now on, that’s what people will remember.
Having a late-night star
on the air most weeknights has been a powerful statement, affirming that the
broadcasters were still in the game, still offering original programming taped
before a live audience that viewers showed up for, year round. Successful hosts
became their networks’ signature stars.
In forcing Mr. Colbert
out and shutting down a 33-year late-night franchise — while selling that
post-local-news hour of airtime to a syndicated show instead of replacing him
with an original program of the network’s own creation — CBS is assenting to its
own diminishment.
The biggest loss is to core American
values, such as the right to speak freely, even in brutally mocking terms,
about those in power. Then there is the opportunity, shared by everyone, to
find and be entertained by voices like that on a free national platform, or to
turn them off and watch something else.
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