I am the Lead Settlement Counsel in the Civil Division of the Department of Justice, assigned to *Trump v. Internal Revenue Service*, Case No. 1:26-cv-00147. My job is to represent the government against the plaintiff. The Attorney General, who represented the plaintiff before she represented the government, assigned me personally. I keep a laminated seating chart in my top drawer. It maps who in this building used to sit across the table from me. Three of the top four names in the Department previously represented the man I am now tasked with opposing. I initial the chart quarterly. In blue pen for active conflicts. I ran out of blue ink in February. The plaintiff is seeking ten billion dollars. Ten. Billion. He paid $750 in federal income tax in the year he was elected. Seven hundred fifty. I have paid more for parking violations in the District. He paid zero in ten of the fifteen years before that. These are the returns that were leaked. The leak is the crime. The returns are evidence of good citizenship. This is how settlement works. The man who leaked the returns, Charles Littlejohn, a contractor, is currently serving a 5-year federal prison sentence. He disclosed that the President of the United States paid less in taxes than a part-time crossing guard. For this, he is in a cell. For the returns themselves, for what they revealed about a system designed to collect from people who cannot afford attorneys and forgive those who can, there is no case number. There is no docket. There is no plaintiff. That information simply exists now, and we are here to make it expensive. Ten billion divided by one hundred million taxpayers. That's one hundred dollars per household. You will pay approximately one hundred dollars to compensate a man for the emotional distress of the public learning he paid less than you did. In legal terms, this is called "damages." In structural terms, it is called Tuesday. This is how settlement works. The settlement term currently under discussion includes a provision that the IRS will drop all active and future audits of the plaintiff, his family members, and his business entities. Permanently. An enforcement agency will agree, in writing, to stop enforcing. I have a Post-it on my monitor that says AUDIT IMMUNITY — CONFIRM SCOPE. It has been there for nine weeks. No one has asked me to remove it. Attorney General Bondi represented the plaintiff privately before she took office. Deputy Attorney General Todd Blanche represented him in his criminal trial. The number-three official, Stanley Woodley, represented him in the classified documents case. I am, technically, the adversary. I sit in the same building as three of his former personal attorneys. I take my lunch at the same cafeteria. I use the same badge to enter the same elevator. The Attorney General fired the Department's chief ethics officer on her fourth day. The position has not been refilled. I submitted a conflict-of-interest disclosure in January. It was received. The word "received" is doing considerable work in that sentence. This is how settlement works. The plaintiff has stated publicly, and I am quoting the public record, "I've gotta make a deal. I negotiate with myself." This was not presented as a metaphor. Judge Kathleen Williams has ordered both parties to explain, by May 20th, whether they are in conflict. I am drafting the government's response. The plaintiff's former attorneys, my supervisors, will review it. The plaintiff has pledged to donate any settlement proceeds to charity. I should note for the record that the Washington Post documented that the plaintiff donated less than $10,000 over seven years, during a period when he publicly claimed millions. His charitable foundation, the Trump Foundation, was dissolved by court order in New York in 2019 for self-dealing. The words "to charity" appear on page four of the term sheet. They are not defined. I have not been instructed to define them. We have already disbursed $8.5 million in adjacent settlements. Michael Flynn received over one million. Carter Page received one point two five million. The Babbitt family received five million. 450 January 6th defendants have filed compensation claims. The pipeline is active. The precedent is operational. I track disbursements on a spreadsheet I titled RESOLUTION LEDGER. It auto-sorts by amount. The President's ten billion would require me to adjust the column width. I want to note one final detail, because the file demands it. The leak of the tax returns occurred during the plaintiff's first term. He appointed the IRS commissioner. He oversaw the Treasury Department. The negligence he is suing for occurred under his own management. He is suing the government he ran for the failures he administered. In the margins of the original complaint, someone wrote "beautiful" in pencil. I will not speculate who. This is how settlement works. You file your taxes every April. You are audited if the numbers don't match. You pay penalties. You pay interest. You pay what you owe, and sometimes more, and sometimes for years. The plaintiff paid seven hundred and fifty dollars. Someone told you. That person went to prison. And now, because you found out, because the information became public, because a contractor decided the country should know what the country was owed, you will pay one hundred dollars to the man who owed it. The settlement is on my desk. Both sides have agreed. I represent one of them. My boss used to represent the other. The ethics officer has been dismissed. The judge wants to know if the plaintiff and the defendant are the same person. I am reviewing the question. The math checks out.

🚨 THE WORLD HAS LOST 10% OF ITS OIL INVENTORIES IN JUST 3 MONTHS. And the market still does not fully understand how serious this supply shock is becoming. Before the war, the Strait of Hormuz moved roughly 20-21 million barrels of oil per day, nearly 20% of global oil consumption. Now flows are collapsing. According to EIA data: • Total oil and liquid flows through Hormuz fell from 20.7 mbpd in Q4 2025 to 14.6 mbpd in Q1 2026. • Crude and condensate flows alone dropped from 15.2 mbpd to 10.7 mbpd. At the same time, Saudi Arabia, Iraq, UAE, and Kuwait together reportedly cut around 6.7 mbpd of production tied to Hormuz disruptions. The inventory draw is becoming massive. Energy Intelligence estimates: • Inventories fell roughly 230 million barrels in March • Another 553 million barrels in April • And at least 200 million more in May That is close to 1 BILLION barrels removed from inventories in just 3 months. The IEA says inventory draws recently reached around 4 mbpd and warns the market could remain “severely undersupplied” until at least October even if the conflict stabilizes sooner. The bigger problem starts after the war. Even if flows normalize, the world still has to rebuild those lost inventories. And rebuilding them may take years. If the current crisis eventually creates a 1-2 billion barrel inventory hole by the time the system fully stabilizes, the market would need roughly 1.8 mbpd of EXTRA surplus supply for 3 straight years just to refill inventories. That is where the real issue appears. This is why the current oil situation matters so much. The market is not only dealing with a war-driven supply shock. It is dealing with a global oil system that already had very little spare capacity left before the crisis even started.