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Fatima HusseinThe Diplomat |
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.
The elder Kushner was pardoned by Trump in December 2020 after pleading guilty years earlier to tax evasion and making illegal campaign donations.
Members of the BRIC alliance and other developing nations say they are fed up with America’s dominance of the global financial system.
Sen. Chris Murphy and Reps. Jim Himes, Joe Courtney, John Larson and Jahana Hayes all reported being the subject of such threats.
President-elect Donald Trump declared a win on stopping illegal immigration through Mexico on Wednesday after talking with that country’s leader.
Trump announced he has chosen international trade attorney Jamieson Greer to be his U.S. trade representative and Kevin Hassett as director of the...
Bessent, 62, is the founder of hedge fund Key Square Capital Management, after having worked on-and-off for Soros Fund Management since 1991. If...
Dr. Mehmet Oz hosted "The Dr. Oz Show," which focused on health and wellness advice and won nine Daytime Emmy Awards.
Dr. Mehmet Oz hosted "The Dr. Oz Show," which focused on health and wellness advice and won nine Daytime Emmy Awards.
This year's election could see a historic gender gap as Harris tries to become the country's first female president and the fight over abortion...
Yellen opened the IMF and World Bank annual meetings by highlighting U.S. economic growth since the nation was in the grips of the COVID-19...
Government data show immigrant labor contributes to economic growth and provides promotional opportunities for native-born workers.
Over 70 million people receive Social Security benefits.
Republican presidential nominee Donald Trump on Monday launched his family's cryptocurrency venture, World Liberty Financial.
North Carolina has emerged as a key battleground this election cycle between Republican former President Donald Trump and Democratic Vice...
A broad new government initiative, dubbed “Time Is Money," includes a rollout of new regulations and the promise of more for industries spanning...
The Jalisco New Generation Cartel is run by "El Mencho," one of the most-wanted men in both the U.S. and Mexico.
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