Bessent Settled Tax Issue That Had Put Him at Odds With I.R.S.

New York Times - Sep 30, 2026

The Treasury Secretary had previously taken a position on his taxes that contradicted the views of the tax agency that he now oversees.

Read full article

MORE NEWS

Sep 30, 2026

Fed’s Watchdog Finds No Misconduct or Illegal Activity in Costly Renovations

A new report by the Federal Reserve’s independent inspector general concluded that a nearly $2.5 billion construction project was poorly managed but made no referrals to the U.S. attorney general.

Sep 30, 2026

Trump’s New Tariffs Get a Familiar Day in Court

For the third time in less than two years, the Trump administration returned to court on Wednesday to defend its power to wage a punishing global trade war.

Sep 30, 2026

E.E.O.C. Sues Harvard for Data on Diversity in Hiring Practices

The Equal Employment Opportunity Commission filed a lawsuit asking a judge to compel the university to provide information on hiring practices that the agency said discriminated against white men.

Sep 30, 2026

DeepSeek and Huawei Target a Key Source of Nvidia’s A.I. Dominance

In China’s push for self-reliance in artificial intelligence, DeepSeek and Huawei have teamed up to develop software tools for advanced chips.

Sep 30, 2026

Troubles at Situational Awareness Point to Record Stock Market Leverage

A meltdown at Situational Awareness, an A.I.-focused investment firm, is raising tough questions about the Wall Street banks that lent billions to the upstart firm.

Sep 30, 2026

Sunkist Fruit Gems, Bar Mitzvah Staple, Get 2nd Chance After Discontinuation

The company said that Candyrific of Louisville, Ky., will produce the jelly candy that comes in a rainbow of colors and citrus flavors and is used in Jewish traditions.

Sep 30, 2026

Greggs to shut four factories and cut 740 jobs

The company says it needs to "keep evolving alongside changing customer expectations".

Sep 30, 2026

Trump Administration Prepares to Ask Tax Filers if They Are U.S. Citizens

The new question, included on a draft version of the primary tax form, comes as part of an anti-immigrant turn at an agency that long prioritized tax administration.

Sep 30, 2026

Fed’s Preferred Inflation Gauge Points to Continued Price Pressures

The Personal Consumption Expenditures price index showed little sign of easing in August, though revised data showed inflation had been slightly cooler than previously believed.