News Snapshot:
President Donald Trump on Friday removed Internal Revenue Service Commissioner Billy Long and is replacing him temporarily with Treasury Secretary Scott Bessent, three sources with knowledge of the matter told NBC News. Long was only just sworn in as commissioner in June. Bessent will become the sixth person this year to oversee the critical agency under Trump. Danny Werfel, who was nominated to the role by President Joe Biden, also held the job until Trump's inauguration in January. Before being confirmed by the Senate to run the IRS, Long was a congressman from Missouri from 2011 until 2023. Before serving...
News Timeline:
Track the development of related news across the Internet.
May 27, 2025
04:44
US economy will grow ‘north of 3%’ by this time next year, predicts Treasury Secretary Scott Bessent
Source: livemint.com
May 18, 2025
22:59
US treasury secretary says Walmart will ‘eat some of the tariffs’ after Trump demand
Source: theguardian.com
May 18, 2025
22:10
Treasury secretary says Walmart’s warnings on price increases are a ‘worst-case scenario’
Source: theglobeandmail.com
May 18, 2025
21:11
Scott Bessent calls Moody’s a ‘lagging indicator’ after U.S. credit downgrade
Source: cnbc.com
April 29, 2025
00:37
India-US trade deal likely to be one of first pacts under Trump, says Bessent
Source: firstpost.com
April 28, 2025
20:09
One of first U.S. trade deals to avert tariffs would likely be with India, Bessent says
Source: theglobeandmail.com
April 27, 2025
23:10
US treasury secretary says ‘there is a path’ with China over tariff negotiations
Source: theguardian.com
April 23, 2025
04:51
Scott Bessent says US tariff war with China is not ‘sustainable’
Source: apnews.com
April 23, 2025
03:39
U.S. Treasury Secretary Says Trade War With China Is Not ‘Sustainable’
Source: huffpost.com