The parallel with the Internal Revenue Service is seen as a signal of the president-elect’s determination to enact sweeping import duties.

President-elect promises to create External Revenue Service to collect tariffs. But will the ERS also impact your spending power?

President-elect Donald Trump has announced his plan to create a federal body charged with taxing and collecting taxes from U.S. trade partners.

The new budget forecasts predicted that the United States will record a $1.9 trillion budget deficit this fiscal year and that annual deficits over the next decade will total $21.1 trillion. That will be piled on to a national debt that currently exceeds $36 trillion.

US Internal Revenue Service Commissioner Danny Werfel said he would resign with nearly three years left in his term, The Wall Street Journal reported on Friday.

President Biden nominated Werfel in 2022 after Trump’s choice to lead IRS, former Commissioner Charles Rettig, saw his term expire. Biden opted not to replace Rettig, following precedent that has remained in effect for the last 30 years. Werfel, just prior to Trump naming a replacement, said he hoped to stay in his role through the end of his term.

As 2025 gets underway, some American families are receiving some positive economic news: several stimulus checks are being provided in several states, giving

CEOs, developers, and investors alike have faced years of vocal frustration over America's perceived failure to establish clear regulatory guidelines for cryptocurrency and blockchain technology. With a decisive election returning Donald Trump to the presidency in 2025,

The recent termination of workers in New York and Boston highlights the vulnerability of restaurant employees without legal status

U.S. Treasury Secretary Janet Yellen said on Wednesday U.S. President-elect Donald Trump's plan to set up a new government agency to collect tariffs would duplicate an existing agency and was unlikely to save money.