Treasury secretary nominee Scott Bessent testified in his confirmation hearing that he won't discriminate in tax enforcement and will ensure the IRS has the tools needed for audits.

WASHINGTON (AP) — The U.S. Senate confirmed billionaire investor Scott Bessent on Monday to serve ... the feasibility of creating an External Revenue Service to collect tariff revenue from ...

Video below: Scott Bessent sounds alarm on deficit during ... agencies within the Treasury Department, including the Internal Revenue Service. The IRS received a massive boost in funding from ...

The first openly gay person in the role has the delicate balancing act of cutting taxes and curbing deficits while putting forward a plan on tariffs that doesn’t jeopardize growth.

The IRS' free online program Direct File is now open for business and accepting tax returns. Here's what to know.

There is fortunately at least one built-in defense against the targeting of the free Direct File program, which is that it’s not so politically easy to take away from people things they’ve come to rely on.

Bessent received a bachelor's degree from Yale University in 1984. After graduating, Bessent worked at Brown Brothers Harriman and Kynikos Associates. [5] In 1991, Bessent began working at Soros Fund Management (SFM), where he was the firm's head of ...

Direct File allows some taxpayers to file their returns online directly with the IRS for no cost and is available to about half the country.

Donald Trump’s first 10 days back in office were filled with a series of “shock and awe” executive orders intended to overwhelm the opposition.

DOJ didn't identify the fired employees, and it's not yet clear whether they'll challenge their terminations under civil service protection rules.

The U.S. Senate voted Monday to confirm hedge fund manager and South Carolina native Scott Bessent as the 79th Secretary of the Treasury.