Scott Bessent told House lawmakers that better IT and artificial intelligence will “enhance collections” at the tax agency, ...

U.S. Treasury Secretary Scott Bessent on Tuesday said the Trump administration has cut $2 billion from the IRS information ...

As of March 2025, the IRS workforce had fallen by more than 11,000 employees, or 11%, according to a Treasury Inspector ...

Since Trump took office, the IRS has also reportedly decided to cut its free, online tax filing service and paused much of ...

Treasury Secretary Scott Bessent testified on Capitol Hill Tuesday for the first time since his confirmation in January.

U.S. Treasury Secretary Scott Bessent confirmed on Friday that Deputy Treasury Secretary Michael Faulkender has been appointed acting Internal Revenue Service commissioner, replacing longtime IRS ...

Pa., weighs in on Treasury Secretary Scott Bessent's vow to end the politicization of IRS audits and the NIH's 'abuse' of ...

DOGE leader Musk, the billionaire adviser to the president, has had several reported tense confrontations with Trump ...

Read Treasury Secretary Scott Bessent's opening statement from testimony during a Financial Services Hearing on Wednesday: TREASURY SECRETARY SCOTT BESSENT: I’m grateful to join you today. At the IMF ...

“Trust must be brought back to the IRS, and I am fully confident that Deputy Secretary Michael Faulkender is the right man for the moment,” Treasury Secretary Scott Bessent said in a statemen ...

WASHINGTON – Treasury Secretary Scott Bessent defended the Trump ... Bessent told the House panel that the Internal Revenue Service spent around $450 million on paper processing with 6,500 ...

WASHINGTON, May 6 (Reuters) - U.S. Treasury Secretary Scott Bessent on Tuesday said the Trump administration has cut $2 billion from the IRS information technology budget without operational ...