financetom
Business
financetom
/
Business
/
Trump fires IRS commissioner, Bessent named acting head
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Trump fires IRS commissioner, Bessent named acting head
Aug 8, 2025 12:45 PM

(Reuters) -U.S. President Donald Trump is removing Billy Long as the commissioner of the Internal Revenue Service and Treasury Secretary Scott Bessent will temporarily serve as acting commissioner, a White House official and a source familiar with the matter said on Friday.

The New York Times, which first reported the news, said Long, a former congressman from Missouri, was expected to be nominated for an ambassador post, but did not name the country.

"Secretary Bessent will now serve as acting commissioner of the IRS," the White House official said.

A Treasury spokesperson declined to comment.

Long was sworn in as the 51st Commissioner of the IRS in June, with his term meant to run through November 2027.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Embraer Receives Aircraft Order From Virgin Australia
Embraer Receives Aircraft Order From Virgin Australia
Aug 13, 2024
04:38 AM EDT, 08/13/2024 (MT Newswires) -- Embraer ( ERJ ) said late Monday it secured a firm order from Virgin Australia for eight E190-E2 small narrowbody aircraft. Financial details were not disclosed. The order will be reflected in Embraer's ( ERJ ) Q3 backlog, with deliveries due to start in H2 2025, the company said. Price: 31.30, Change: -0.22,...
CXApp Signs Multi-Year, Multi-Million Dollar AI Agreement With Google Cloud
CXApp Signs Multi-Year, Multi-Million Dollar AI Agreement With Google Cloud
Aug 13, 2024
04:58 AM EDT, 08/13/2024 (MT Newswires) -- CXApp ( CXAI ) said Monday that it signed a multi-year, multi-million dollar strategic agreement with Alphabet's (GOOG, GOOGL) Google Cloud for the development and delivery of advanced artificial intelligence infrastructure, security, and application products. As part of the deal, Google Cloud also agreed to co-invest with CXApp ( CXAI ) in the...
Learn CW Investment Extends Period to Complete Initial Merger
Learn CW Investment Extends Period to Complete Initial Merger
Aug 13, 2024
04:37 AM EDT, 08/13/2024 (MT Newswires) -- Learn CW Investment Corporation ( LCW ) said late Monday it extended the period to consummate an initial business combination by one month to a new deadline of Sept. 13 by depositing $150,000 into its trust. This is the 11th of up to 12 one-month extensions allowed under the company's charter, the company...
EnLink Midstream Prices $500 Million Senior Notes
EnLink Midstream Prices $500 Million Senior Notes
Aug 13, 2024
04:32 AM EDT, 08/13/2024 (MT Newswires) -- EnLink Midstream ( ENLC ) said late Monday it had priced $500 million of its 5.65% senior notes due 2034 at 99.618% of their face value. Proceeds from the sale, expected to settle on Thursday, would be used for general limited liability purposes, including repaying borrowings under its revolving credit and accounts receivable...
Copyright 2023-2026 - www.financetom.com All Rights Reserved