'Smells bad': CNBC's Joe Kernen confronts Republican congressman over Trump's $1.8B fund

'The president is so upset with the way he's been treated in terms of lawfare that if he can do something, he does it because he can', Kernen said
During an interview with House Majority Whip Tom Emmer, CNBC's Joe Kernen questioned President Donald Trump's IRS settlement over his $10 billion lawsuit (AP Photo/Mark Schiefelbein, Screengrab/CNBC/YouTube)
During an interview with House Majority Whip Tom Emmer, CNBC's Joe Kernen questioned President Donald Trump's IRS settlement over his $10 billion lawsuit (AP Photo/Mark Schiefelbein, Screengrab/CNBC/YouTube)


NEW YORK CITY, NEW YORK: Amid growing attacks and counterattacks over the controversial $1.8 billion anti-weaponization fund, CNBC anchor Joe Kernen challenged Republicans as he questioned the legitimacy of the fund.

Kernen's comment came during an interview with House Majority Whip Tom Emmer (R-MN) on Friday, May 22.

Joe Kernen questions Trump's IRS settlement optics

Joe Kernen, during the interview, argued that the huge settlement between Trump and his own administration’s Internal Revenue Service (IRS) to end his $10 billion lawsuit against the IRS “smells bad.”

Kernen speculated whether Trump’s controversial $1.8 billion anti-weaponization fund could become the issue that finally makes some Republicans say “enough.”

Tom Emmer threw his support behind Donald Trump endorsing his 2024 presidential bid (@GOPMajorityWhip/X)
Tom Emmer avoided directly addressing the criticism of the fund and reframed the debate around partisan fighting (@GOPMajorityWhip/X)

The host asked, “The slush fund, or whatever you want to call it, the move to go back on the audits and permanently put those to bed, is that a bridge too far for some Republicans that might have been uncomfortable with other things? Is that-, are we finally hitting a point where some people are saying enough, or…”

Kernen raised the Democratic argument that Republicans rarely challenge Trump on anything, and asked about the $1.8 billion fund.

Majority Whip Tom Emmer appeared to be reframing the debate around partisan fighting over immigration and law enforcement funding, and shifting focus away from the criticism of the fund.

Deputy Attorney General Todd Blanche speaks at a news conference to announce an update on the Epstein files at the Department of Justice on January 30, 2026 in Washington, DC. Blanche announced that the department had released three million additional pages in the investigation of Jeffrey Epstein. (Anna Moneymaker/Getty Images)
Deputy Attorney General Todd Blanche speaks at a news conference to announce an update on the Epstein files at the Department of Justice on January 30, 2026, in Washington, DC (Anna Moneymaker/Getty Images)

"Let’s first put it in context," Emmer replied. "This is a Senate that tells us regularly they don’t have the votes. They don’t have the votes for the SAVE America Act that more than 70% of Americans agree with."

"You’re bringing up something that was added, as I understand it, to the funding bill — we call it the funding bill because we had to do it with 50-plus-one because Democrats apparently hate our law enforcement and weren’t willing to fund CBP and ICE. Now they’ve added this fund,” he continued.

He added, “I would like to hear from Todd Blanche. I understand that they [Senate Republicans] started to hear from him yesterday as to exactly what this is. Great! Let’s find out what it is before everybody crucifies it. I think people over there look for excuses every day to say no instead of enacting the agenda of 77 million people.”

U.S. President Donald Trump raises his fist as he attends the United States Coast Guard Academy commencement ceremony on Cadet Memorial Field on May 20, 2026 in New London, Connecticut. This is the 145th U.S. Coast Guard commencement. (Photo by Chip Somodevilla/Getty Images)
President Donald Trump raises his fist as he attends the United States Coast Guard Academy commencement ceremony on Cadet Memorial Field on May 20, 2026, in New London, Connecticut (Chip Somodevilla/Getty Images)

Tom Emmer defends Trump against lawfare claims

As the conversation progressed, Kernen acknowledged that after two impeachment bids, there was a bit of a boy-who-cried-wolf effect to criticism of Trump.

He added, “Maybe having your own personal lawyer at this point become AG, the AG is the only person that could have gotten rid of these audits, right? And it was his personal lawyer! It just looks… It just looks-, smells bad! But I have said the president is so upset with the way he’s been treated in terms of lawfare that if he can do something, he does it because he can at this point.”

Representative Tom Emmer (R-MN) speaks during a press conference on air traffic controller pay and the government shutdown at the U.S. Capitol on October 23, 2025 in Washington, DC. The shutdown enters its fourth week, becoming the second longest government shutdown in history. (Photo by Eric Lee/Getty Images)
Tom Emmer speaks during a press conference at the US Capitol on October 23, 2025, in Washington, DC (Eric Lee/Getty Images)

“Joe, I think it’s unfair to say it’s just the president who’s upset. Americans are upset,” Emmer shot back.

“They don’t want to see their government be used against anyone, Donald Trump or anybody else. And by the way, it was so egregious what they did to Donald Trump and his family. It’s one of the reasons that he’s back in the office,” Emmer added.

“We’re going to find out what it is,” asserted Emmer after Kernen went on to call the $1.776 billion pool of cash a “retribution fund.”

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