The IRS had 3 different bosses during the week taxes were dueMichael Faulkender is appointed acting IRS commissioner amid ongoing leadership changes since tax season began.
Trump Ousts New IRS Commissioner After Less Than Half a ScaramucciActing IRS Commissioner Gary Shapley was removed just days after his appointment amid internal conflicts and tensions within the Trump administration.
The IRS had 3 different bosses during the week taxes were dueMichael Faulkender is appointed acting IRS commissioner amid ongoing leadership changes since tax season began.
Trump Ousts New IRS Commissioner After Less Than Half a ScaramucciActing IRS Commissioner Gary Shapley was removed just days after his appointment amid internal conflicts and tensions within the Trump administration.
Treasury eliminates offices and outsources work, with more layoffs comingThe Treasury Department is cutting jobs and outsourcing work as part of a federal workforce reduction initiative.
Treasury probe of cryptocurrency could pose conflict for Trump aideTreasury officials are contemplating sanctions against Tether for illicit activities, complicating the situation for Trump's transition co-chair Howard Lutnick.
US Treasury Removes Tornado Cash From OFAC Sanctions ListTreasury lifts sanctions on Tornado Cash, acknowledging legal complexities around sanctions in evolving technology and legal environments.
Treasury probe of cryptocurrency could pose conflict for Trump aideTreasury officials are contemplating sanctions against Tether for illicit activities, complicating the situation for Trump's transition co-chair Howard Lutnick.
US Treasury Removes Tornado Cash From OFAC Sanctions ListTreasury lifts sanctions on Tornado Cash, acknowledging legal complexities around sanctions in evolving technology and legal environments.
Treasury Promotes I.R.S. Agents Who Say Hunter Biden Tax Case Was StymiedThe Treasury Department promotes two I.R.S. agents critiquing the Hunter Biden tax case amid a politically charged climate.
Treasury Secretary Janet Yellen says U.S. could hit debt limit in weeksThe U.S. Treasury is set to implement extraordinary measures soon to avoid hitting the debt ceiling.
U.S. budget deficit for Trump's first full month in office hits $307 billionThe U.S. budget deficit reached $307 billion in February 2025, driven by record outlays despite increased receipts.
Scott Bessent confirmed as Treasury secretaryBessent aims to extend 2017 tax cuts while managing spending and boosting economic growth through a defined fiscal plan.
Treasury Secretary Janet Yellen says U.S. could hit debt limit in weeksThe U.S. Treasury is set to implement extraordinary measures soon to avoid hitting the debt ceiling.
U.S. budget deficit for Trump's first full month in office hits $307 billionThe U.S. budget deficit reached $307 billion in February 2025, driven by record outlays despite increased receipts.
Scott Bessent confirmed as Treasury secretaryBessent aims to extend 2017 tax cuts while managing spending and boosting economic growth through a defined fiscal plan.
Trump and Musk say they want to make sure the Fort Knox gold is still there: 'Maybe it's there, maybe it's not'Trump and Musk question the legitimacy of gold reserves at Fort Knox.Treasury Department audits confirm that the gold is secure and intact at Fort Knox.
Thomas Krause Says Trump Had to Close USAID because of Trump's Poor COVID Management - emptywheelTrump's recent messaging regarding legal challenges has shown improvement.
Trump Orders Treasury to Halt Minting New Pennies to Cut WasteTrump ordered the cessation of new penny production to cut government spending.Collectively reducing government waste, even incrementally, is important.
Trump and Musk say they want to make sure the Fort Knox gold is still there: 'Maybe it's there, maybe it's not'Trump and Musk question the legitimacy of gold reserves at Fort Knox.Treasury Department audits confirm that the gold is secure and intact at Fort Knox.
Thomas Krause Says Trump Had to Close USAID because of Trump's Poor COVID Management - emptywheelTrump's recent messaging regarding legal challenges has shown improvement.
Trump Orders Treasury to Halt Minting New Pennies to Cut WasteTrump ordered the cessation of new penny production to cut government spending.Collectively reducing government waste, even incrementally, is important.
Warren questions Bessent over Musk access to Treasury payment systemSen. Warren criticizes Musk's access to Treasury payment systems as potentially harmful to government financial integrity.
Trump Argues That Courts Cannot Block Musk's Team From Treasury SystemsThe Trump administration asserts that a court's order prohibiting Musk's aides from accessing Treasury data infringes on presidential powers.
Our Democracy Is Under Siege' Former Treasury Secretaries Write Scathing NY Times Op-Ed Warning Against DOGE's Threat to America'Former Treasury Secretaries warn that Trump's actions could undermine American democracy's financial backbone.
Experts Say a Coup Is Underway as Musk Seizes Control of Government AgenciesElon Musk is exerting control over significant U.S. government institutions, raising concerns about government integrity and access to sensitive payment systems.
Elon Musk's Team Now Has Full Access to Treasury's Payments SystemMusk's team gains access to monitor and control federal spending, raising concerns about budgetary oversight.
Treasury Official Quits After Resisting Musk's Requests on PaymentsMusk's influence in government rises as Treasury official is ousted after blocking access to payment systems.
Warren questions Bessent over Musk access to Treasury payment systemSen. Warren criticizes Musk's access to Treasury payment systems as potentially harmful to government financial integrity.
Trump Argues That Courts Cannot Block Musk's Team From Treasury SystemsThe Trump administration asserts that a court's order prohibiting Musk's aides from accessing Treasury data infringes on presidential powers.
Our Democracy Is Under Siege' Former Treasury Secretaries Write Scathing NY Times Op-Ed Warning Against DOGE's Threat to America'Former Treasury Secretaries warn that Trump's actions could undermine American democracy's financial backbone.
Experts Say a Coup Is Underway as Musk Seizes Control of Government AgenciesElon Musk is exerting control over significant U.S. government institutions, raising concerns about government integrity and access to sensitive payment systems.
Elon Musk's Team Now Has Full Access to Treasury's Payments SystemMusk's team gains access to monitor and control federal spending, raising concerns about budgetary oversight.
Treasury Official Quits After Resisting Musk's Requests on PaymentsMusk's influence in government rises as Treasury official is ousted after blocking access to payment systems.
Trump's Treasury Nominee Warns America Is Barreling Towards An Economic Crisis At Year-End'Bessent warns that the U.S. is facing significant economic challenges, including an affordability crisis and the erosion of the American dream.
Treasury Sought to Freeze Foreign Aid Payments, Emails ShowThe Treasury Department facilitated access to its payment system for a Trump-affiliated executive to potentially freeze foreign aid, contradicting its official narratives.
Trump's Treasury Nominee Warns America Is Barreling Towards An Economic Crisis At Year-End'Bessent warns that the U.S. is facing significant economic challenges, including an affordability crisis and the erosion of the American dream.
Treasury Sought to Freeze Foreign Aid Payments, Emails ShowThe Treasury Department facilitated access to its payment system for a Trump-affiliated executive to potentially freeze foreign aid, contradicting its official narratives.
Judge suggests temporary order blocking DOGE from Treasury recordsThe case hinges on whether DOGE and Treasury data access policies adequately protect sensitive information.
A 25-Year-Old With Elon Musk Ties Has Direct Access to the Federal Payment SystemMarko Elez, a young engineer, holds extensive access rights to critical US Treasury systems, raising concerns about security and privacy breaches.
You Can No Longer Buy Paper Inflation Bonds With Your Tax RefundThe Treasury Department has eliminated the option to buy paper inflation bonds using tax refunds.
CISA: No Wider Federal Impact from Treasury Cyber Attack, Investigation OngoingCISA stated that no federal agencies were impacted by the Treasury Department cyber attack, emphasizing importance of cybersecurity.
Biden Admin Reports China Hacked Treasury Department In Major' BreachChinese intelligence agency breached the Treasury Department, accessing unclassified documents and workstations, focusing on information-gathering rather than infrastructure sabotage.
CISA says 'no indication' of wider government hack beyond Treasury | TechCrunchCISA reports no additional federal hacking incidents during recent Treasury Department breach linked to Chinese hackers.
CISA: No Wider Federal Impact from Treasury Cyber Attack, Investigation OngoingCISA stated that no federal agencies were impacted by the Treasury Department cyber attack, emphasizing importance of cybersecurity.
Biden Admin Reports China Hacked Treasury Department In Major' BreachChinese intelligence agency breached the Treasury Department, accessing unclassified documents and workstations, focusing on information-gathering rather than infrastructure sabotage.
CISA says 'no indication' of wider government hack beyond Treasury | TechCrunchCISA reports no additional federal hacking incidents during recent Treasury Department breach linked to Chinese hackers.
Scott Bessent Helped Break' the Bank of England. Now He'll Run the U.S. Treasury.Scott Bessent's career is defined by strategic financial insights and audacious trades, most notably against the British pound in 1992.
Crypto Ghosted in U.S. Treasury Department's New Strategy on Financial InclusionThe U.S. strategy for financial inclusion prioritizes traditional finance and views cryptocurrency primarily as a risk.
Treasury says IRS push has recovered $1.3 billion in unpaid taxes from wealthy since late 2023The US government has recovered $1.3 billion from wealthy taxpayers since late 2023 through initiatives targeting unpaid taxes.
Steve Mnuchin Acknowledges MistakeMnuchin regrets introducing the 20-year Treasury bond due to increased interest expenses.