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Trump removes IRS boss, Treasury Secretary Bessent takes over for now

Billy Long, who was sworn in just under two months ago, was already the sixth person to hold the job this year. He told NBC ...

Billy Long’s IRS ouster follows clashes with Treasury

President Trump’s removal of Billy Long as head of the IRS after only two months on the job has cast an uncomfortable ...
Bloomberg on MSN6h

Bessent Suggests Fed Rates Should Be 150-175 Bps Lower

Treasury Secretary Scott Bessent says the Federal Reserve could be heading into a series of rate cuts beginning with a 50 point cut in September. "We should probably be 150, 175 basis points lower," ...

Bessent: no security concerns with Nvidia chips in China, revenue will pay debt

U.S. Treasury Secretary Scott Bessent said on Wednesday that there are no national security concerns regarding Nvidia chips in China..

Bessent calls for steep interest rate cuts

Treasury Secretary Scott Bessent said Wednesday that short term interest rates should be 1.5 to 1.75 percentage points lower than their current level, keeping up the administration’s pressure ...

Trump is burning through IRS heads at a rate of almost 1 a month. Here's who's held the job, and why they left.

President Donald Trump's pick for IRS commissioner is moving on. Here's who else has had the job this year and why they left.