Scott Bessent Archives

Sen. Tom Cotton, R-Ark., speaks during the Senate Republicans’ news conference in the U.S. Capitol on June 23, 2026. (Bill Clark/CQ-Roll Call, Inc via Getty Images)

Tom Cotton prods Treasury for tax code tweaks to modernize OT

The Senate Intel Committee chair wrote to Treasury Secretary Scott Bessent about changes to spur investment in aging technology to better guard against cyberattacks.

Aug 5, 2026 By Matt Bracken

Sens. Ron Wyden, D-Ore., and Elizabeth Warren, D-Mass., speak to reporters on Capitol Hill on July 21, 2021 in Washington, D.C. (Photo by Jabin Botsford/The Washington Post via Getty Images)

Senate Democrats press Bessent for answers on DOGE access to Treasury systems

In a letter shared first with FedScoop, Sens. Warren and Wyden asked the secretary for information on DOGE’s data access and what Treasury is doing to “ensure…

Jul 21, 2026 By Matt Bracken

The south front of the Department of the Treasury headquarters building is framed in the security fence on May 27, 2026, in Washington, D.C. (Photo by J. David Ake/Getty Images)

Treasury planning online system for people to report suspected fraud

An upcoming Federal Register post reveals the department’s plans for fraud.gov, where the public is encouraged to share tips about possible instances of fraud in federal programs.

Jun 16, 2026 By Matt Bracken

Treasury Secretary Scott Bessent testifies during a Senate Finance Committee hearing at the Dirksen Senate Office building in Washington, D.C., on June 3, 2026. (Photo by Nathan Posner/Anadolu via Getty Images)

Treasury’s Bessent backs Trump’s AI order, voluntary cyber callout

The secretary told Sen. Mark Warner that the executive order “strikes a very good balance between innovation and safety,” and disputed that the EO was scaled back…

Jun 3, 2026 By Matt Bracken

Treasury Secretary Scott Bessent testifies during a Senate Appropriations Subcommittee on Financial Services and General Government hearing on Capitol Hill in Washington, D.C., on April 22, 2026. (Photo by SAUL LOEB / AFP via Getty Images)

Treasury canceled Booz contracts over vetting of IRS leaker, Bessent says

The secretary told senators that Treasury lost “confidence” in Booz years after a contractor shared tax returns with media outlets. That breach took place on government systems,…

Apr 22, 2026 By Matt Bracken

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…

Feb 5, 2026 By Matt Bracken

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.

Jan 30, 2026 By Matt Bracken

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”…

Jan 29, 2026 By Matt Bracken

Treasury Secretary Scott Bessent speaks at the 56th World Economic Forum (WEF) Annual Meeting in Davos, Switzerland on Jan. 20, 2026. (Photo by Harun Ozalp/Anadolu via Getty Images)

Treasury scraps Booz Allen contracts, citing ex-employee who leaked tax returns

The consulting firm said it was “surprised” by Monday’s announcement after it “fully” supported the government in its investigation into Charles Littlejohn.

Jan 26, 2026 By Matt Bracken

Rep. Gwen Moore, D-Wis., speaks at a press conference at the U.S. Capitol Building on Dec. 14, 2021, in Washington, D.C. (Photo by Anna Moneymaker/Getty Images)

House Democrats demand answers on IRS’s AI use to manage taxpayer data

Eleven House Ways & Means lawmakers want Treasury Secretary Scott Bessent to address questions about the tax agency’s use of AI on antiquated COBOL code.

Dec 18, 2025 By Matt Bracken