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Treasury Department

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,…
IRS CEO Frank Bisignano testifies before the House Ways and Means Committee in the Longworth House Office Building on Capitol Hill on March 4, 2026 in Washington, D.C. (Photo by Chip Somodevilla/Getty Images)

IRS chief says agency is engaged in a ‘thorough’ cybersecurity review

Democratic lawmakers pressed Frank Bisignano on the IRS-ICE data-sharing agreement. The CEO said the tax agency is prioritizing risk management and touted its AI work.
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Rep. Josh Gottheimer, D-N.J., attends a House Financial Services Committee hearing on Feb. 4, 2026. (Tom Williams/CQ-Roll Call, Inc via Getty Images)

House bill seeks AI workforce tax credits, agency-led outreach

The AI Workforce Training Act would amend the federal tax code and task the departments of Commerce, Labor and Treasury with leading a campaign to inform companies.
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…
Rep. Pete Sessions, R-Texas, speaks at a Department of Government Efficiency (DOGE) Caucus news conference on Capitol Hill on Feb. 25, 2025, in Washington, D.C. (Photo by Andrew Harnik/Getty Images)

Bipartisan House duo wants Treasury-led push to fight identity theft, fraud

A bill from Reps. Pete Sessions and Bill Foster would task the Treasury secretary with doling out fraud prevention grants to states to develop digital IDs that…
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