US Treasury News

The outgoing head of the U.S. Internal Revenue Service angered Republican lawmakers on Friday by resisting their demands that he identify who at the tax-collection agency had inappropriately targeted conservative groups for extra scrutiny.

Nashville's News 2 has learned that top Tennessee Valley Authority executives will head to Washington on Tuesday to begin "initial talks" on the federal budget issue that prompted rumors the giant utility might be sold.

PETA said it's been targeted, too. Politico reported that Jeffrey Kerr , the general counsel for the animal rights group, sent a letter on Thursday to the Treasury Department alleging that PETA was unfairly audited on three separate occasions: Between 1990 and 1992, from 2003 to 2005 and in 2009.

During a hearing before the House Ways & Means Committee on Friday regarding the news that the Internal Revenue Service had singled out conservative groups for undue scrutiny, one official with the Treasury Department clarified whether the IRS views that behavior as being illegal.

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The U.S. Treasury on Wednesday announced the first of a potential series of emergency cash measures to allow the government to keep paying the nation's bills once a temporary suspension of the debt ceiling lapses this weekend.

President Barack Obama broke into local news coverage Wednesday evening to announce the Treasury Department has accepted the resignation of acting IRS Commissioner Steven Miller.

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Moving to quell a growing scandal, President Obama on Wednesday fired the acting chief of the IRS and vowed to work closely with Congress in determining who ordered lower-level employees to target tea party groups and other conservative organizations.

The state of Michigan expects to reap $483 million in additional tax revenue this year, an unexpected increase being attributed to higher-than-expected income tax receipts.

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White House Press Secretary Jay Carney shows the many faces he made during the previous day's press briefing as he speaks May 15, 2013 in the Brady Briefing Room of the White House in Washington, DC.

Whalen, a senior special agent with the Treasury Department who rode in honor of fallen Prince William County Officer Chris Yung, shared scenes from his sixth tour in the photo gallery above.

I have now had the opportunity to review the Treasury Department watchdog's report on its investigation of IRS personnel who improperly targeted conservative groups applying for tax-exempt status.

A POLITICO review of documents from 11 tea party and conservative groups that the IRS scrutinized in 2012 shows the agency wanted to know everything - in some cases, it even seemed curious what members were thinking.

The John Weld Peck Federal Building houses the main offices for the Internal Revenue Service in Cincinnati.

In a move that was nearly 27 years in the making, the Treasury Department and the Internal Revenue Service issued long-awaited final regulations under A 336 on May 10.

J. Mark McWatters, Ted Kaufman, and Damon Silvers of the Congressional Oversight Panel listen to Phyllis Caldwell, chief of the Homeownership Preservation Office at the Treasury Department, during a hearing last month about foreclosure mitigation.

Any loss of routes between Guernsey and Gatwick Airport can be covered by States-owned airline Aurigny, a Treasury Department spokesman has said.

President Barak Obama joined a growing chorus of lawmakers demanding answers into the IRS' admission it targeted conservative political groups.