Treasury Department

IRS Warns Shutdown-Exempt Employees: Excessive Leave Could Lead to Furloughs

IRS Warns Shutdown-Exempt Employees: Excessive Leave Could Lead to Furloughs

This week, the IRS faced significant workforce challenges as nearly half of its employees were furloughed. Now, employees who remain ... Read more

Frank Bisignano Appointed First CEO of IRS: What This Means for Social Security and Tax Administration

Frank Bisignano Appointed First CEO of IRS: What This Means for Social Security and Tax Administration

Frank Bisignano Appointed as IRS CEO Frank Bisignano, the head of the Social Security Administration (SSA), has been appointed as ... Read more

Why Agency Leaders Urge Staff to Stay Calm Amid Layoff Threats: What You Need to Know

Why Agency Leaders Urge Staff to Stay Calm Amid Layoff Threats: What You Need to Know

Federal employees are anxious as talks of a government shutdown loom. This week, guidance from the White House suggested that ... Read more

IRS Watchdog Issues Urgent Alert: Brace for Tax Filing Challenges Ahead as Workforce Slashed by 25%

IRS Watchdog Issues Urgent Alert: Brace for Tax Filing Challenges Ahead as Workforce Slashed by 25%

A recent report from the National Taxpayer Advocate, Erin Collins, highlights potential challenges for taxpayers in the upcoming filing season. ... Read more

Why Investors Are Nervous About the ‘Big, Beautiful’ Bill: What You Need to Know

Why Investors Are Nervous About the ‘Big, Beautiful’ Bill: What You Need to Know

Volatility is back in the markets. The ongoing trade war led by President Trump has investors worried. They’re keeping a ... Read more

Trump Steps Back: Withdrawal of Consumer Bureau Nominee Sparks Controversy

Trump Steps Back: Withdrawal of Consumer Bureau Nominee Sparks Controversy

President Trump is shifting gears on his nomination for Jonathan McKernan. Originally tapped to lead the Consumer Financial Protection Bureau ... Read more

IRS Unveils Bold Strategy to Reduce Workforce by 40% as Tax Filing Season Concludes—What It Means for You

IRS Unveils Bold Strategy to Reduce Workforce by 40% as Tax Filing Season Concludes—What It Means for You

The IRS is gearing up for significant changes after this tax filing season, planning to reduce its workforce by up ... Read more

How Trump’s Actions Are Shaking Up the Safest Investment in Global Finance

How Trump’s Actions Are Shaking Up the Safest Investment in Global Finance

In uncertain times, many investors have relied on U.S. government bonds as a safe haven. Traditionally, these bonds are seen ... Read more

Navigating Trade Wars: How Bessent is Mastering the Challenges of a Tumultuous U.S. Economy

Navigating Trade Wars: How Bessent is Mastering the Challenges of a Tumultuous U.S. Economy

The recent dinner gathering of former U.S. Treasury secretaries took on a serious tone not typically seen at these events. ... Read more

How Trump’s Tariffs Are Disrupting the Bond Market: Why This is Not the New Normal

How Trump’s Tariffs Are Disrupting the Bond Market: Why This is Not the New Normal

Last Friday, the U.S. financial system faced a significant shake-up. Government bond yields spiked as worries about rising tariffs increased. ... Read more