Trump administration

From the International Revenue Service to international issues, the second Trump administration promises plenty of change in the world of tax.

Under the new administration, accountants can expect a lighter hand from the Public Company Accounting Oversight Board and other regulators.

The IRS would give a temporary detail to provide software engineering expertise to a special advisor to the director at the Office of Personnel Management.

Senate Democrats criticized Treasury Secretary Scott Bessent for what they call a "lack of candor" about what DOGE workers are doing with U.S. payment systems.

Trump's Small Business Administration told probationary staff members it had mistakenly sent them termination notices, then informed some of them the next day they were fired after all.

Automakers are lobbying against lawmakers immediately ending popular electric-vehicle tax credits that President Trump has railed against.

The tariffs will apply widely to all U.S. imports of steel and aluminum, including from Canada and Mexico, among the country's top foreign suppliers of the metals.

Cost-cutting initiatives pushed by President Trump have turned their focus to the Federal Emergency Management Agency, where spending on consultants faces scrutiny.

Elon Musk will dispatch a team to gain read-only access to the government's central accounting system.

Bessent said the Internal Revenue Service would be largely spared from DOGE's cost-cutting — at least until after the April 15 filing deadline.

In just two weeks as Treasury chief, Scott Bessent has seen plenty of turbulence.

The head of the National Treasury Employees Union calls the move a "bait-and-switch."

When Elon Musk's team gained access to the computer network where data of nearly every American is stored, it caused alarm across the country.

The last Trump administration placed limits on new federal regulations, and it seems reasonable to expect more of the same.

There are 20 states that have sovereign wealth funds, generally funded by commodities or land, that might serve as models.

Bessent is expected to be a key advocate for the Trump administration's much-anticipated tax cut package.

A $400 billion green bank for clean energy projects and a consumer tax credit for electric vehicles are being reviewed under a government-wide spending freeze.

The administration fired an opening shot in an upcoming constitutional fight over his ability to unilaterally halt spending approved by Congress.

Senate Republicans would like to do a large bill on immigration and energy first and then tackle tax reform in a second bill. House Republicans prefer one large bill.

President Trump named Mark Uyeda, a Republican member of the SEC, as acting chairman as confirmation hearings await for Paul Atkins to succeed Gary Gensler.