In a stunning twist, IRS Commissioner Billy Long has been dismissed just two months into his term after a clash over taxpayer data and immigration. Discover the reasons behind this historic removal and its implications.
In a surprising move, President Trump has ousted IRS Commissioner Billy Long just two months after his confirmation, marking the shortest tenure in the role's history. Long will now serve as ambassador to Iceland, while concerns about IRS turnover and tax policy continue to swirl.
In a surprising move, President Trump is replacing IRS Commissioner Billy Long just two months after his confirmation, nominating him as U.S. ambassador to Iceland. This shake-up raises questions about the future of tax policies and leadership at the IRS.
U.S. Treasury Secretary Scott Bessent warns that the Federal Reserve's independence is at risk due to 'mandate creep' and calls for a review of its recent renovation project amid budget concerns.
Could slashing the federal funds rate to 1% trigger economic turmoil? Experts warn that such a drastic move could stoke inflation and prompt businesses to hunker down rather than expand.
In a historic move, President Trump has signed the GENIUS Act, establishing a regulatory framework for stablecoins, potentially transforming how cryptocurrencies are used in everyday transactions. Supporters hail it as a major win for the crypto industry, while critics voice concerns over regulatory gaps.
After Trump hinted at firing Fed Chair Powell, bond markets reacted with a split in yields. This unprecedented move raises concerns about market stability and inflation expectations.
A significant surge in U.S. customs duty collections, fueled by President Trump's tariffs, has pushed revenues over $100 billion for the first time, creating a surprising budget surplus. The numbers hint at a new era in U.S. trade policy.
U.S. stock futures indicate losses as Trump's new tariffs on Brazilian goods challenge Nvidia's record rally. Analysts discuss the implications for the market's future.
Despite Trump's ambitious goal of '90 deals in 90 days', a closer look reveals a troubling reality: not even nine deals may be completed by the deadline. With extensions looming and global reactions intensifying, the future of US trade looks uncertain.
