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IRS Audit Revenue Has Plummeted Under Trump, Watchdog Finds

31 August 2026 at 22:29
The I.R.S. lost roughly a quarter of its employees since President Trump took office, hampering the agency’s ability to conduct audits.

Β© Haiyun Jiang/The New York Times

President Trump has moved to reduce the size of the federal work force in his second term, including at the Internal Revenue Service.

Hosting G20 meeting, Bessent tries to rally allies on Iran as tariffs strain ties

Treasury Secretary Scott Bessent is meeting with finance ministers of the world's largest economies this week at a time when the United States has disrupted the international order with aggressive tariffs on major allies and an unpopular war on Iran.

Treasury Department blocks certain journalists from covering G20 meeting

31 August 2026 at 14:47
The New York Times said in a statement that denying American journalists access to an event in the U.S. is "not just another disturbing effort by the administration to undermine independent journalism, but a blatant attempt to evade public scrutiny."

Europe Protests as U.S. Invites Russian Minister to G20 Finance Meeting

The meeting, which China and Russia are attending, is focused on the ongoing economic shock from the war in Iran, which has driven up oil prices globally.

Β© Melissa S. Gerrits/Reuters

Treasury Secretary Scott Bessent and the Federal Reserve chairman, Kevin Warsh, in Asheville, N.C., before the summit. The International Monetary Fund has projected that global growth will slow this year and that inflation will rise.
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