Veteran CBS News anchor Dan Rather criticized President Donald Trump's latest initiative, in which $1.776 billion will be distributed to allies claiming to have been unfairly targeted by the Biden administration.Rather, writing for his Substack 'Steady,' described the fund as an example of Trump 'looting the country in plain sight.' The fund emerged as part of a settlement after Trump dropped a $10 billion lawsuit against the IRS.

It will be managed by a five-member panel, entirely appointed and dismissible by Trump, with bylaws shielding the government from accountability for actions taken after the funds are allocated.

Rather emphasized that while the scheme exposes a high level of corruption, it may still have political consequences, particularly for Republicans facing the November midterms.Trump's approval rating has fallen to 37%, influenced by the economy and the war in Iran, marking a historic low for a president at this stage.

Rather argued that the combination of public dissatisfaction and the perceived misuse of office could harm Republican prospects, regardless of electoral map adjustments.

The move raises ethical and legal concerns about the administration's handling of taxpayer money and highlights the ongoing tensions between Trump allies and critics within the GOP.