Saleha Mohsin

Senate Democrats criticized Treasury Secretary Scott Bessent for what they call a "lack of candor" about what DOGE workers are doing with U.S. payment systems.

In just two weeks as Treasury chief, Scott Bessent has seen plenty of turbulence.

When Elon Musk's team gained access to the computer network where data of nearly every American is stored, it caused alarm across the country.

Scott Bessent is expected to play a key role in pushing for a renewal of Trump's 2017 tax cuts, many of which are set to expire at the end of 2025.

The transition group is strategizing on how to pass another sweeping tax bill next year,

"Our budget request provides steady-state operational funding," Yellen said. "It will complement the one-time, long-term investment in the IRS."

The Biden administration is alarmed over the market turmoil triggered by the new U.K. government's economic program.

Janet Yellen has one of the biggest to-do lists in Washington: usher in a global tax overhaul, press Wall Street on climate change and distribute billions of dollars in COVID relief.

The club of rich nations secured a landmark deal that could help them collect more taxes and impose levies on U.S. tech giants such as Amazon and Facebook.

Group of Seven governments are nearing a deal to pursue a minimum corporate tax rate of at least 15% in international negotiations, but remain at odds over how to treat global technology companies.