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Treasury Secretary Scott Bessent appointed his deputy, Michael Faulkender, to lead the IRS, after Gary Shapley had been installed without Bessent's knowledge.
By Stephanie LaiApril 21 -
President Donald Trump is considering ideas to raise taxes on the rich as a way to partially offset revenue losses from his tax package.
By Alicia Diaz and David WestinApril 17 -
The university pushed back against the U.S. government after President Donald Trump said the school should lose its tax-exempt status.
By Janet LorinApril 17 -
The Internal Revenue Service is projected to lose more than $313 billion over a decade as undocumented workers are poised to pay fewer taxes.
By Augusta SaraivaApril 11 -
The legislation blocks a rule that would have forced some cryptocurrency brokers to provide tax information on transactions on their platforms.
By Stephanie LaiApril 11 -
President Trump's so-called reciprocal tariffs are dealing a thunderous blow to the world economy as he pushes forward efforts to drastically reorder global trade.
By Catherine LuceyApril 9 -
President Donald Trump rejected a European Union proposal to drop tariffs on all bilateral trade in industrial goods with the U.S.
By Ben SillsApril 8 -
President Donald Trump's much bigger-than-expected tariff hikes increase the urgency of the Republican tax-cut package now in negotiation.
By Daniel FlatleyApril 7 -
A notice to probationary employees — fired in February and reinstated in March — directed probationary workers to prepare to return to "full duty" by April 14.
By Ted MannApril 4 -
An aggressive suite of tariffs from President Trump will complicate the Federal Reserve's job as it struggles to quash inflation and avoid an economic downturn.
By Jonnelle Marte, Maria Eloisa Capurro and Amara OmeokweApril 3