Treasury levels sanctions tied to a massive hack of telecom companies and breach of its own network
The Treasury Department has announced sanctions in connection with a massive Chinese hack of American telecommunications ...
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GOP flirts with magical thinking on paying for Trump's tax cuts
GOP tax writers are gathering support for creative ways to make the price tag $0 for extending Trump's 2017 tax cuts. Why it ...
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IRS commissioner to step down before his term ends, letting Trump advance his own pick
Werfel applauded IRS employees for supporting two of the “best filing seasons in decades," after tapping into billions in Inflation Reduction Act funds.
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US to see rising debt, deficit in next decade – budget office
The United States is set to see its debt level swell to a record over the coming decade, the Congressional Budget Office said ...
Supreme Court upholds law banning TikTok if it’s not sold by its Chinese parent company
The decision came against the backdrop of unusual political agitation by President-elect Donald Trump, who vowed that he ...
Federal budget deficit expected to soar to $2.7 trillion in 2035, highlighting pressure on GOP
As congressional Republicans struggle to keep deficits in check while extending their sweeping 2017 tax cuts, the ...
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Final regs address taxes on gifts to taxpayers from ex-U.S. citizens, residents
The final regulations implement Sec. 2801, added to the Code in 2008, and follow up on proposed regulations issued 10 years ago.
CBO projects U.S. debt to grow $23.9 trillion in 10 years, not including costs of extending tax cuts
The national debt is slated to rise by $23.9 trillion over the next decade, a sum that does not include trillions of dollars ...