Watch: Scott Bessent testifies at secretary of the treasury confirmation hearing
Lawmakers on Capitol Hill are set to question Scott Bessent’s stance on taxes, tariffs, trade and other issues during his confirmation hearing before the Senate Finance Committee.
Bessent is OK with IRS-run tax-filing platform — at least this year
The first question from Sen. Ron Wyden, the ranking Democrat, is about the future of IRS Direct File. The program provides a way for people to file their taxes for free and is available in 25 states ...
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Scott Bessent Faces Intense Scrutiny from Democrats at Treasury Confirmation Hearing
Scott Bessent, US Treasury nominee, faces scrutiny from Democrats on tax policy and national debt during Senate Finance ...
Confirmation hearings day 3 highlights: Doug Burgum, Scott Bessent and other Cabinet picks face Senate questions
In a new memo obtained by NBC News, Senate Finance Democratic tax staff found that Scott Bessent avoided over $950,000 of ...
U.S. to Deploy ‘Extraordinary Measures’ to Avoid Default on Jan. 21
Janet L. Yellen, the outgoing Treasury secretary, urged lawmakers to raise the debt limit and protect the full faith and ...
IRS head to resign 3 years before his term expires, as Donald Trump takes office
IRS Commissioner Danny Werfel will resign to preempt Donald Trump firing him. Trump had already nominated former GOP Rep.
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IRS commissioner becomes latest official to exit post on Inauguration Day
Other officials have also announced they will resign on Inauguration Day, including FBI Director Christopher Wray, Securities ...
U.S. Faces Record Debt Levels as Republicans Plan Tax Cuts
The new budget forecasts predicted that the United States will record a $1.9 trillion budget deficit this fiscal year and ...