The Dictatorship
How Trump has used the presidency to benefit himself and his allies
President Donald Trump tried to create a near $1.8 billion fund that could be funneled to his supporters as a means of settling a lawsuit he filed against his own government — even arguing that he “gave up a lot of money in allowing” it.
After drawing outcry in Congress and the courtshowever, acting Attorney General Todd Blanche told lawmakers on Tuesday that the administration was scrapping plans to create the fund. That potentially means the suit — and the possibility that the president could still cash in — might be back on.
Trump hasn’t been shy about turning the presidency into a major source of personal benefit, involving everything from merchandising deals to crypto ventures to high-dollar political and official events at his properties.
Asked about possible self-dealing, the White House called such suggestions “the same, tired narrative that Democrats have pushed against President Trump, his family, and his administration for a decade.”
“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,” spokesperson Anna Kelly said in a statement. “There are no conflicts of interest.”
Here are some key ways Trump has reaped rewards for himself, his children and allies in his second term:
Suing his government and deals favoring his family
Last year, the president submitted a claim seeking $230 million in compensation from the Justice Department for a FBI search of his Mar-a-Lago estate in Florida as part of an investigation into whether he took classified records from the White House.
In January this year, Trump, his two eldest sons and the family’s business, the Trump Organization, filed a $10 billion lawsuit against the IRS and Treasury Department after a former IRS contractor illegally leaked Trump’s tax returns.
In an attempt to resolve those cases, Trump’s government agreed that $1.776 billion in taxpayer funds be distributed to people who believe they were targeted by past administrations for politically motivated prosecution — including the Trump supporters imprisoned for attacking police while overrunning the U.S. Capitol in 2021.
Rioters loyal to President Donald Trump are pictured at the U.S. Capitol in Washington, Jan. 6, 2021. (AP Photo/Jose Luis Magana, File)
Rioters loyal to President Donald Trump are pictured at the U.S. Capitol in Washington, Jan. 6, 2021. (AP Photo/Jose Luis Magana, File)
After blowback from even some congressional Republicans, the Justice Department now said it would comply with a ruling temporarily blocking the fund. Blanche was clearer on Tuesday, telling a House committee that, “We’re not moving forward with the fund.”
But there was less clamor about another part of the deal allowing the government to drop pending IRS audits into Trump and his relatives. Blanche said the Justice Department was not abandoning that part of the agreement.
Separately, the Air Force has agreed to purchase interceptor drones from Powerus, a Florida-based company linked to Trump’s family. And ProPublica reported that direct intervention from the White House preceded the Pentagon agreeing to loan $620 million to Vulcan Elements, a North Carolina startup linked to Donald Trump Jr.
Trump Organization spokesperson Kimberly Benza denied any ethical conflicts between the White House and the family business.
“The Trump Organization operates completely separate from the presidency and is in full compliance with all ethics and conflict-of-interest laws,” Benza said in a statement.
As for Powerus, Benza said Eric Trump was “a passive investor in a vehicle that, among many others, holds an interest” in the company, but wasn’t involved in its decision-making or management.

President Donald Trump and Eric Trump watch the Maaden LIV Golf Virginia tournament at Trump National Golf Club, May 9, 2026, in Sterling, Va. (AP Photo/Alex Brandon, File)
President Donald Trump and Eric Trump watch the Maaden LIV Golf Virginia tournament at Trump National Golf Club, May 9, 2026, in Sterling, Va. (AP Photo/Alex Brandon, File)
Trading in financial markets he can help move
Trump has traded stocks and bonds in unprecedented ways for a sitting U.S. president.
Office of Government Ethics filings show Trump made more than 3,600 stock trades in the first quarter of 2026 alone — transactions far exceeding $100 million in value.
Many of those trades involved sizable purchases of shares of technology and artificial intelligence giants like Nvidia, Dell, Oracle and Palantir before Trump’s administration took policy actions favoring those firms.
Similar disclosures last year show that Trump bought up more than $300 million in bonds issued by companies, states and municipalities even as he repeatedly pressed the Federal Reserve to lower interest rates — a move that could help drive up the value of his holdings.
Specialist Michael Pistillo works at his post on the floor of the New York Stock Exchange, Friday, May 29, 2026. (AP Photo/Richard Drew)
Specialist Michael Pistillo works at his post on the floor of the New York Stock Exchange, Friday, May 29, 2026. (AP Photo/Richard Drew)
Crypto ventures
Trump’s family has raked in big profits in the crypto sector since he was reelected. A key driver has been the $TRUMP meme coin, announced the day before Trump took office. Some 220 of the top investors were invited to a subsequent, private reception with the president.
Trump’s family also has a controlling stake in World Liberty Financiala crypto firm co-founded with the president’s special envoy Steve Witkoff and run by his son Zach. It has its own stablecoinsUSD1, and got a major boost when, just before Trump took office, an investment fund linked to the United Arab Emirates bought a large stake in it.
An Abu Dhabi state-backed investment firm, MGX, subsequently pledged to use $2 billion worth of USD1 to purchase a stake in Binancethe world’s largest cryptocurrency exchange — a move that further bolstered World Liberty Financial.
Trump-branded bonanza Beyond the digital realm, scores of companies pay to license the president’s name for physical products, from Bibles, guitars and sneakers to watches, fragrances and a gold-hued cellphone.
Trump has promoted many such goods on social media, particularly during his 2024 campaign, but they’ve also made conspicuous appearances at the White House.
When French President Emmanuel Macron and Ukrainian President Volodymyr Zelenskyy visited last summer, Trump showed them a merchandise room off the Oval Office stocked with goods for sale on his website. A few months later, video emerged of Trump at the White House spraying Syrian President Ahmad al-Sharaa with bottles of his “Victory 47” cologne and perfume, which he gave him as a gift.
The president displayed hats emblazoned with “Trump 2028” on the Resolute Desk while meeting with congressional Democrats last year. And, during a televised Cabinet meeting in May, at every seat was a red hat commemorating America’s 250th anniversary.
Each hat sells for $55 on Trump’s website.

A mask with the likeness of Donald Trump is used to sell hats that read “Trump 2028″ and “Make America Great Again” on the street next to the Walk of Fame star honoring Donald Trump on Hollywood Blvd., Feb.12, 2026, in Los Angeles. (AP Photo/Damian Dovarganes, File)
A mask with the likeness of Donald Trump is used to sell hats that read “Trump 2028″ and “Make America Great Again” on the street next to the Walk of Fame star honoring Donald Trump on Hollywood Blvd., Feb.12, 2026, in Los Angeles. (AP Photo/Damian Dovarganes, File)
Paydays for the president’s properties
The Republican National Committee and various political groups associated with Trump and the GOP have held fundraisers and political events at Mar-a-Lago, as well as Trump’s estate in Bedminster, New Jersey, and his golf clubs in Doral, Florida, and Sterling, Virginia.
The LIV Golf league, controlled by the Saudi Public Investment Fund, which is helmed by Crown Prince Mohammed bin Salman, has held events at Doral. Trump will host the G20 summit there in November.
That means world leaders, support staff, business executives, journalists and the bevies of others involved will be paying the Trump Organization, which purchased Doral in 2012, to attend. The president has already tried to head off criticism of self-dealing around the summit, saying that government attendees will be billed “at-cost” and “We will not make any money on it.”
Renovation and construction projects
Qatar gave Trump a $400 million jet that he intends to employ as Air Force One, then store at his presidential library after he leaves office. The gift has undergone extensive taxpayer-funded rebuilding and security upgrades that lawmakers estimate may exceed $1 billion.
Trump has also ordered up scores of renovation projects meant to leave his mark on Washington while passing on the costs to taxpayers.
He long insisted that wealthy donors would pay for the $400 million ballroom he demolished the White House’s East Wing to build — only to seek $1 billion in federal funding for security upgrades he says the military and Secret Service have sought as part of the project.
At least $15 million in public funds is going for a ceremonial arch. The National Park Service is also paying a contractor $13.1 million to carry out the Trump-directed renovation of the Lincoln Memorial Reflecting Pool.
The Dictatorship
Could feds’ changes put more people with disabilities in institutions?
WASHINGTON (AP) — For decades, disabled people have fought for their rights to go to school and live alongside peers without disabilities — rights that some fear could be losing ground under the Trump administration.
Last month, the Department of Education announced it would shift oversight of special education to the Department of Health and Human Services, led by Robert F. Kennedy Jr., whose comments on the limits of disabilities such as autism have drawn sharp rebukes from advocates and lawmakers.
Meanwhile, after a White House push to police homelessnessthe Department of Justice released guidance that lowered the barrier to institutionalizing any person with a disability.
Taken together, the actions signal a worrying return to a reality where people with disabilities are pushed to the margins of society, advocates said.
“It’s a direct, frontal assault on the rights of people with disabilities to live their lives the way that people who are nondisabled live their lives,” said Selene Almazan, legal director for the Council of Parent Attorneys and Advocates. “I can’t imagine that as a country, that would be something that we would agree we should go back to.”
Whitman Althaus, 12, who has autism and a neurological disorder called apraxia, poses for a portrait at his home Wednesday, July 1, 2026, in Luckey, Ohio. (AP Photo/Nic Antaya)
Whitman Althaus, 12, who has autism and a neurological disorder called apraxia, poses for a portrait at his home Wednesday, July 1, 2026, in Luckey, Ohio. (AP Photo/Nic Antaya)
The move away from confining people with disabilities
Since the 1960s, legislation and court decisions have expanded supports and protections for people with disabilities to go to school with nondisabled peers and to live and work in their communities. Before that, people with mental illnesses or developmental and intellectual disabilities were largely confined to institutions.
Advocates have pushed back on what is known as the “medical model,” where an individual’s disability is viewed as a defect to be cured. Instead, under a “social model” of disability, differences can be accommodated and supported, as people with and without disabilities learn and work alongside each other.
Families and advocates have warned that moving special education to a health department marks a return to the medical model. They also have been angered by Kennedy’s attempts to link vaccines to autismgoing against decades of research that show no such link, and his framing of autism as a debilitating disease.
Kennedy’s comments last year, where he said children with autism would never write a poempay taxes or hold a job, raised questions about how he would oversee an agency meant to help students develop those skills. Kennedy later said he was referring to people with ” severe autism ″ or those who are nonverbal.
“Many of the things he said autistic people will never do, (special education) is in charge of making sure students with disabilities have the opportunity to do,” said Zoe Gross, director of advocacy at the Autistic Self Advocacy Network. “Will he execute that faithfully, or does he consider disabled students a lost cause until we find some medical cure?”
The Supreme Court weighs in on disabilities
In 1999, the Supreme Court ruled that segregating disabled people who are otherwise able to live in their community with proper supports was a form of discrimination. The Olmstead v. L.C. decision led to requirements that government agencies provide disability services in the most integrated setting possible — in mainstream schools, homes and workplaces.
But in a memo issued in June, the Department of Justice’s Office of Legal Counsel upended that guidance. It argued that neither the Americans with Disabilities Act nor Section 504, two major disability rights laws, requires states to provide services in the most mainstream setting. While the memo does not change the law, it signals how federal agencies may interpret and enforce civil rights issues related to the topic. It could embolden states or school districts to decline to support people with disabilities in mainstream environments.
The White House has already acted on a similar philosophy. Last year, President Donald Trump issued an executive order on homelessness that endorsed civil commitment, where a court orders individuals into involuntary hospitalization or treatment programs. Trump directed HHS to reduce barriers to institutionalizing people with mental illnesses.
In its memo, the Justice Department acknowledged its interpretation of the Supreme Court’s Olmstead decision is “out of step” with the common understanding. If a state starts to provide services in institutional settings, legal challenges likely would follow, the department said.
The Republican administration’s steps fit a worldview in which the government has no obligation to support people with disabilities, said Claudia Center, legal director at Disability Rights Education and Defense Fund.
“It’s dark, and it’s awful,” Center said. “And I think it’s contrary to the majority view in our country. … It’s out of touch with where our society is.”
The application that Whitman Althaus, 12, who has autism and a neurological disorder called apraxia, uses to communicate is seen on a phone Wednesday, July 1, 2026, in Luckey, Ohio. (AP Photo/Nic Antaya)
The application that Whitman Althaus, 12, who has autism and a neurological disorder called apraxia, uses to communicate is seen on a phone Wednesday, July 1, 2026, in Luckey, Ohio. (AP Photo/Nic Antaya)
Families say their kids thrive in mainstream classes
The moves have created a deep sense of uncertainty for students with disabilities.
Lindsey Althaus says home and community-based services in northwest Ohio have been instrumental to her family. Her 12-year-old son, Whitman, has autism and a neurological disorder called apraxia, in which the brain struggles to tell muscles how to move to form words or perform other motor skills. For some of his school career, with proper support services, Whitman was able to spend much of his school day in a classroom that included kids without disabilities.
Through a Medicaid waiver program, Althaus pays her mother to care for Whitman in her absence. That allows him to spend time out in the community with his grandmother while Althaus and her husband are working or away with their daughter.
Under the Justice Department’s new interpretation of Olmsted, states would have fewer obligations to fund and support those programs. Kennedy, in testimony to lawmakers on Capitol Hill earlier this year, criticized similar programs as subject to fraud.
“We want to be able to have him in the community,” said Althaus, who works as a disability rights advocate. “It’s just starting to feel like Whitman’s not going to be welcome anymore. We’re going back to this: You’re either perfect, or you’re not in the light.”
For many students with disabilities, schools are where they receive the majority of support services and where they are integrated among their peers. Before Magda Nakassis’s 8-year-old son, who is autistic and nonverbal, started public school in Maryland, his preschool experience had largely been defined by being kicked out of things, she said.
In school, Nakassis said, she found teachers and staff members who understood her son’s needs and told her to stop apologizing for them. A program at his school called Fantastic Friends teaches mainstream fifth graders about autism and they spend recesses with children in the autism program. Every year, Nakassis said, there is a waitlist to be a Fantastic Friend.
Nakassis said that it has been difficult to see the ways autism in particular has become politicized. Every child is entitled to a public education in this country, Nakassis said, and special education is a response to the fact that some children have differences that require additional support.
Regardless of his diagnosis, his right to an education is not a medical issue, she said, but rather a question of equity and access in a society that often pushes disabled people to the margins.
“There are lots of kids like him out there, and I sometimes wonder, ‘what did we use to do?’” Nakassis said. “I can’t believe it was better.”
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The Associated Press’ education coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.
The Dictatorship
Trump filing shows he took in about $1.2 billion from crypto businesses last year
NEW YORK (AP) — President Donald Trump took in nearly $1.2 billion from his crypto businesses last year, a federal filing released Tuesday shows, locking in profits while his investors were socked with losses.
Mere startups when he took the oath of office, the new ventures have now eclipsed in revenue much of his vast property portfolio that took him decades to accumulate. Fueling their rise were billionaire investors and Trump’s own move to quash a federal crackdown on the industry.
Trump got more than $500 million from his World Liberty Financial business selling new crypto products, including “governance tokens,” according to the required annual disclosure report with the Office of Government Ethics. It also showed another crypto business, CIC Digital LLC, took in more than $600 million from sales of souvenir-type “meme” coins stamped with his face.
Both the tokens and the coins have plunged in value since the sales.
Trump also took in millions last year from selling Trump-branded Bibles, sneakers and other small items in another unprecedented move for the presidency. The sale of Trump-branded watches alone brought in $4.7 million.
The 927-page disclosure form paints a stark, if incomplete picture of the massive growth of the president’s wealth since taking office last January through a web of business interests — many of which have benefited from the policy moves of Trump’s own government. Trump has insisted that his sons direct his finances but the arrangement rejects the conflict of interest protections that his recent predecessors in office had instituted.
Forbes estimates Trump’s net worth at $6 billion, up from $2.3 billion in 2024.
The Trump business is growing abroad
The rise of crypto relative to Trump’s property is especially noteworthy because he first rode to office boasting of his property wins. It’s also remarkable because that mainstay business also boomed last year. Trump took in tens of millions in fees from a flurry of new hotel, resort and condo deals overseas that amounts to the biggest property expansion ever in the century since the family business was founded.
Many of those countries were negotiating with the U.S. over tariffs, military aid and other important matters while the family business was striking the deals.
A property in the United Arab Emirates generated $10.4 million for the Trump business last year. One in Saudi Arabia being built by a real estate developer close to the ruling family sent the president’s company $9 million. And one in Bucharest, Romania, and another in Qatar sent him $5 million each.
One of his prominent domestic properties, Mar-a-Lago in Florida, notched big growth last year, too.
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Trump took in $77 million from the property, a 50% jump from the year earlier when he was just another citizen, as heads of state and business people flocked to it in his new term.
The disclosure report doesn’t give profit figures, just revenue, so it’s impossible to know how much he is earning.
Trump is now the billion-dollar crypto man
Trump said Wednesday that most of his gains last year came from the stock market and he’s just riding along with everyone else.
“We’re all profiting,” he said. “I’m profiting because I have a lot of money and a lot of cash.”
But crypto was clearly the big revenue generator last year in part due his own moves since taking office — pushing policies friendly to the industry and reversing a Biden administration regulatory crackdown.
The regulators are still worried. Before Trump’s World Liberty began selling “governance tokens,” they issued warnings about this new kind of crypto asset, saying that unlike stocks, the tokens offer no ownership stake in the issuing company, just voting power on certain corporate policies, and are difficult to value.
Buyers pounced anyway, including a Chinese billionaire who spent $75 million on the tokens and $200 million on the souvenir coins. In February last year, a federal lawsuit charging him with duping investors was paused before being settled for a $10 million fine.
The billionaire, Justin Sun, has repeatedly denied his spending on Trump businesses had anything to do with his federal case, while World Liberty has dismissed the notion of a conflict of interest.
Meanwhile, investors have seen the value of their Trump-tied holdings drop significantly.
The price of World Liberty tokens has fallen 80% since they started trading in September. And the Trump souvenir coins that spiked to more than $74 in the days after launching in January 2025 now sell for $1.68.
The White House says Trump only acts in the public interest
The White House has repeatedly said Trump put his business in a trust managed by his sons and is not involved in its decisions and that there are no ethics issues to discuss.
“Neither the President nor his family has ever engaged — or will ever engage — in conflicts of interest,” spokeswoman Anna Kelly said. “All actions by President Trump and his administration are taken in the best interest of the American people.”
The Trump umbrella company, the Trump Organization, has said its deals overseas were with private companies, not with governments.
Still, it is difficult to know what is truly private in countries ruled by authoritarians, royal families and one-party governments.
For a new Trump resort in Vietnam, the report shows Trump took in $5 million last year after the ruling Communist Party sent its deputy prime minister to sign off on the deal and, according to The New York Times, pushed farmers off the land to make way for the construction.
Whether the deals played any role in changing U.S. policies in ways these countries sought is nearly impossible to know, but the countries did get what they wanted.
Vietnam got tariff relief. Qatar got access to advanced U.S. technology previously off limits, and Saudi Arabia got U.S. fighter jets it had coveted for years.
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AP White House reporter Josh Boak contributed from Washington.
The Dictatorship
‘REGIME CHANGE’ sold 300,000 copies…
It turns out readers still want to learn more about President Donald Trump after all.
“Regime Change: Inside the Imperial Presidency of Donald Trump,” the l atest book on the Trump presidencywritten by political journalists Maggie Haberman and Jonathan Swan, has sold more than 300,000 copies in its opening week, according to publisher Simon & Schuster.
They’re the kind of sales that numerous works about Trump reached during his first term, but had been rare during his second term. Publishers had speculated that the public had tired of Trump books, believing there was little left to know.
The total figures include preorders, print book sales, ebooks, and e-audiobooks and orders that have yet to be fulfilled because of demand, the publishing house said. Simon & Schuster said the book is into its third hard copy printing, with 200,000 copies on order, after it sold out quickly in bookstores and on Amazon. It’s the best first-week clip of any hardcover nonfiction book in 2026.
The book covers the first 14 months of Trump’s second presidency and takes readers inside the West Wing, White House residence and Trump’s Mar-a-Lago estate, aboard Air Force One and on foreign trips with the president.
Trump, who has a long history with Haberman from her days covering him as a New York City business and society figure, has trashed the book as “mostly made up.” Haberman and Swan are now New York Times reporters.
Their manuscript depicts meticulous details of Trump’s military decisions, how he’s wielded the power of the Justice Department against his political opponents, his conversations with other power players, and the time and attention he’s devoted to remaking the aesthetics and structure of the White House.
The book spells out a thesis that Trump himself believes: Had he not lost the 2020 election, he would not be as powerful in his second term as he is now — emboldening him to trample norms, dismantle established institutions and push the limits of presidential power.
Haberman and Swan have been featured regularly across news talk shows promoting the book and sharing details of their reporting, including a sit-down with Trump in which he boasted about being compared to some of history’s great villains.
Sean Manning, vice president and publisher at Simon & Schuster, said the book “has entered the national conversation” and will hold up as “a work of historic importance.”
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