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Scott Bessent

Treasury Secretary Scott Bessent testifies before the Senate Committee on Banking, Housing, and Urban Affairs in the Dirksen Senate Office Building on Feb. 5, 2026 in Washington, D.C. (Photo by Kevin Dietsch/Getty Images)

Treasury pushing for ‘robust’ use of AI in banking, but in a ‘gradual’ way

Secretary Scott Bessent said there’s still “a great amount of learning to do” on AI during a pair of Hill appearances this week about FSOC’s annual report…
Sen. Ron Wyden, D-Ore., speaks to reporters following a Senate Democratic policy luncheon at the U.S. Capitol on Dec. 9, 2025 in Washington, D.C. (Photo by Heather Diehl/Getty Images)

Senators demand answers from Treasury on IRS’s data-sharing deal with ICE

A letter led by Sen. Ron Wyden, D-Ore., hammers Treasury’s “refusal to answer basic questions” about the pact and requests responses from Scott Bessent by Feb. 16.
The front doors of the Internal Revenue Service building are seen in Washington, D.C., on May 18, 2025. (Photo by Wesley Lapointe/For The Washington Post via Getty Images)

IRS ramps up AI use amid staff cuts, Treasury inventory shows

The tax agency accounts for nearly half of Treasury’s AI use cases, with a heavy focus on IT and some fraud-fighting tech, but no results for “collections”…
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Social Security Administration Commissioner Frank Bisignano speaks as President Donald Trump looks on prior to signing a presidential proclamation in Washington, D.C., on Aug. 14, 2025. (Mandel NGAN/AFP via Getty Images)

IRS taps familiar face as new CEO: SSA’s Frank Bisignano

The Social Security Administration commissioner will keep his current position and step into the newly created role overseeing day-to-day operations at the embattled tax agency.
A cutout of President Donald Trump holding a Bitcoin is displayed on a group of servers during The Bitcoin Conference at The Venetian in Las Vegas on May 27, 2025. (Photo by IAN MAULE/AFP via Getty Images)

‘Crypto.gov’ domain registered by Trump White House

The new government URL comes as the administration rolls out a digital assets report and fintech executive order.
Treasury Secretary Scott Bessent testifies before the House Appropriations Committee in the Rayburn House Office Building on May 6, 2025 in Washington, D.C. (Photo by Kayla Bartkowski/Getty Images)

‘AI boom’ will make up for IRS workforce cuts, Treasury secretary says

Scott Bessent told House lawmakers that better IT and artificial intelligence will “enhance collections” at the tax agency, which has shed 11% of its workforce during this…
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