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 1:06 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 >
Copyright 2023-2026 - www.financetom.com All Rights Reserved