The highly contentious partisan fight in Congress over federal spending is creating a strong possibility of a government shutdown on Oct. 1, an all-too-familiar situation that is forcing federal agenc ...

To avoid a government shutdown, the IRS lost out on $20 billion in funding, limiting its ability to track down tax dodgers.

Republicans have long targeted the tax agency, and their cuts will hurt its efforts to go after rich tax evaders and improve the IRS’s functionality. It’s their second successful cut from President ...

WASHINGTON -- Congress stripped the IRS of an additional $20 billion last week when averting the government shutdown. Originally, congressional Democrats had given the IRS $80 billion in the 2022 ...

The Biden administration said these cuts could add $140 billion to national debt over the next decade by weakening the IRS's ability to catch wealthy tax evaders.

In a video, Jacobs added that a government shutdown wouldn’t hurt Musk and Trump, both billionaires, as it would "everyday ...

Republicans in Congress have helped axe a critical State Department agency, just as Donald Trump is set to take office.

The GOP assault on the revenue collecting agency's funding could exacerbate wait times and balloon the deficit.

Biden and congressional Democrats gave the IRS $80 billion in the 2022 Inflation Reduction Act, but Congress rescinded $20 ...

During last week’s negotiations to avert a government shutdown, Congress quietly slashed $20 billion from the Internal Revenue Service. Republicans have long targeted the tax agency, and their cuts ...

The IRS estimates there will be 8,000 fewer audits of wealthy taxpayers and businesses though 2029 without the sidelined $20.2 billion.