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Fatima HusseinThe Diplomat |
IRS CEO Frank Bisignano faced the House Ways and Means Committee and largely declined to comment on the ICE findings.
“We’re going to cut off all trade with Spain,” Trump told reporters during an Oval Office meeting with German Chancellor Friedrich Merz.
The agency violated IRS Code 6103, one of the strictest confidentiality laws in federal statute, the judge ruled.
When asked about Bessent's remarks, Sen. Thom Tillis said: “even stipulating that that could happen and that it’s not a bad idea is troubling to me...
The U.S. Treasury Department has cut its contracts with Booz Allen Hamilton, a major defense and national security technology firm.
“Treasury will deploy all tools to bring an end to this egregious unchecked fraud and hold perpetrators to account,” Bessent told reporters on Friday.
Scott Bessent called it “a historic victory in preserving U.S. sovereignty and protecting American workers and businesses from extraterritorial...
Tuesday’s report is the first nationwide look at improper Medicaid payments.
Can a new law fix one of Medicaid's most notorious problems?
"Do not ever involve me or my music to benefit your inhumane agenda.”
Recipients received a 2.5% cost-of-living boost in 2025 and a 3.2% increase in their benefits in 2024, after a historically large 8.7% benefit...
Trump has suggested that the money could be pulled if Javier Milei's party does not prevail in the Oct. 26 midterm elections.
The 2024 Social Security COLA announcement is timed to the September Consumer Price Index, which also has not yet been released.
Far from "America First," the Mass. Senator called it "inexplicable that President Trump is propping up a foreign government, while he shuts down our...
Last week Trump said roughly 750,000 federal workers nationwide were expected to be furloughed across agencies, with some potentially fired.
The CBO now expects real GDP growth to decrease from 2.5% in 2024 to 1.4% this year, a downgrade from the initial projection of 1.9%.
Golf caddies, blackjack dealers and house painters are covered, too, according to the Treasury Department.
The U.S. hit $34 trillion in debt in January 2024, $35 trillion in July 2024 and $36 trillion in November 2024.
“She had a sterling reputation as someone who is concerned about the accuracy of the data and not someone who puts a political spin on her work.”
“I will get rid of and totally destroy the Johnson Amendment and allow our representatives of faith to speak freely and without fear of...
At best, Trump's “no tax on Social Security” claim exaggerates the benefits to seniors if either the House or Senate-passed proposals is signed...
The IRS lost one-quarter of its employees through staffing cuts, an independent watchdog reported Wednesday.
Treasury Secretary Scott Bessent and other Republicans have sought to discredit the CBO, saying the organization isn’t giving enough credit to the...
Middle-income households would see a boost of roughly $500 to $1,000 per year under Republican President Donald Trump's tax bill, the CBO found.
Baked into the CBO analysis is a prediction that households would ultimately buy less from the countries hit with added tariffs.
The mint said its most recent order of penny blanks will be its last.
Billy Long also worked with a firm peddling a fraudulent tax credit and saw contributions to a defunct Senate campaign after his nomination to IRS,...
The Trump administration plans to eliminate the IRS' Direct File program, according to two people familiar with the decision.
Taxpayers calling the IRS for help processing their taxes this filing season may find it harder than normal to get someone on the phone, experts say.
Melanie Krause will step down over the new data-sharing document signed by Treasury Secretary Scott Bessent and Homeland Security Secretary Kristi...
"My Administration has been working very hard on a Deal to SAVE TIKTOK, and we have made tremendous progress,” Trump posted on Truth Social.
Musk and his cadre of computer programmers could decide to wield their tech skills to boost the program — or use the very same digital savvy to...
A reduction in force of tens of thousands of employees would render the IRS “dysfunctional,” said John Koskinen, a former IRS commissioner.
The layoffs affect probationary employees with roughly one year or less of service at the agency and largely include workers in compliance...
“The reported data are people in our records with a Social Security number who do not have a date of death associated with their record. These...
“Maybe Twilight is real and there are a lot of vampires collecting Social Security," Elon Musk said on the topic.
Acting Commissioner Michelle King's departure from the agency over the weekend was initiated after King refused to provide DOGE staffers.
Jan. 27 was the official start date of the 2025 tax season, and the IRS expects more than 140 million tax returns to be filed by the April 15...
The audit will also review the past two years of the system's transactions as it relates to Musk's assertion of “alleged fraudulent payments."
They warn about the risks of “arbitrary and capricious political control of federal payments, which would be unlawful and corrosive to our democracy.”
DOGE’s efforts to stop USAID payments undermine assurances that it only had “read-only access” to the system as part of an audit process.
The department also ended the Foreign Influence Task Force, which was established in the first Trump administration to police influence campaigns...
The move by DOGE means it could have wide leeway to access important taxpayer data, among other things.
Bessent pledged to sell his hedge fund stake within 90 days of confirmation.
Nippon Steel had promised to invest $2.7 billion in U.S. Steel’s aging blast furnace operations, and vowed not to reduce production capacity in...
“Allowing it to purchase U.S. Steel would have offered it the opportunity to further destabilize our trade system from within," said David McCall.
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