The Trump Foundation is shutting down, and the first family should worry

New York Attorney General Barbara Underwood's lawsuit against Donald Trump and three of his children - Donald Jr., Ivanka and Eric - will go forward even as the family foundation winds down

The Donald J. Trump Foundation will shut down and distribute the money it has left to charities approved by the New York state attorney general, while the state’s lawsuit against the president and his three oldest children alleging violations of state laws governing charities proceeds.

Under the deal New York Attorney General Barbara Underwood reached with the foundation two weeks before she will leave her post and be replaced by fellow Democrat Letitia James, the state attorney general’s office will wield veto power