Trump administration

Cruise operators may yet avoid paying more corporate taxes despite threats from the U.S. Commerce Secretary to close favorable loopholes.

Trump signed an executive order undertaking a massive regulatory review to fulfill his campaign pledge of eliminating rules stifling businesses and innovation.

Elon Musk responded to a post suggesting a "DOGE Dividend" with a $5,000 check sent to taxpaying households, saying he would "check with the president."

The Department of Government Efficiency says it has saved $55 billion in federal spending so far, but its website only accounts for $16.6 billion of that.

The order called for agencies including the SEC and the FTC to submit draft regulations for White House review before publication.

The Internal Revenue Service is reportedly planning layoffs of thousands of first-year probationary employees in the midst of tax season as soon as this week.

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.