Skip to content
Bull Bear Daily

Bull Bear Daily

Primary Menu
  • Home
  • Business
  • Domestic
  • Economy
  • Money
  • Politics
  • Top News
  • Newsletters
  • Home
  • 2025
  • April
  • 18
  • IRS acting head ousted after US Treasury chief wins power struggle with Musk, NYT reports

IRS acting head ousted after US Treasury chief wins power struggle with Musk, NYT reports

Bull Bear Daily April 18, 2025 2 minutes read
2025-04-18T174614Z_1_LYNXMPEL3H0G1_RTROPTP_4_USA-TRUMP-IRS-2

WASHINGTON (Reuters) – The acting commissioner of the U.S. Internal Revenue Service is being replaced after Treasury Secretary Scott Bessent complained to President Donald Trump that the latest leader of the agency had been installed without his knowledge and at the behest of billionaire Elon Musk, the New York Times reported on Friday.

The report cited five people with knowledge of the change and the discussions that precipitated it.

Bessent believed that Musk had done an end run around him to get Gary Shapley installed as the interim head of the IRS, even though the tax collection agency reports to Bessent, the newspaper said.

Neither the Treasury nor the IRS had any immediate comment. DOGE did not immediately respond to a request for comment.

Musk’s Department of Government Efficiency pushed the appointment through White House channels, but Bessent was not consulted, according to the report, which added that Bessent got Trump’s approval to unwind the decision.

The next acting head of the IRS is expected to be the deputy secretary of the Treasury, Michael Faulkender, the New York Times reported. He would hold the role until the president’s nominee for the permanent role, former Congressman Billy Long, if approved by the Senate, takes over.

Trump picked Shapley on Tuesday following the departure of the previous interim head, Melanie Krause, who quit the tax-collecting agency after it struck a deal to share data with federal agents on migrants living illegally in the United States.

(Reporting by Kanishka Singh in Washington; Editing by Lisa Shumaker)

About the Author

Bull Bear Daily

Administrator

Visit Website View All Posts

Post navigation

Previous: Volvo to cut up to 800 US jobs as Trump’s tariffs bite
Next: Trump administration kicks off plan for expanded offshore drilling

Live Market Pulse

The charting technology is provided by TradingView. Learn how to use theTradingView Stock Screener.

Sign up for our free Bull Bear Daily Newsletter!

Discover new market trends and ideas directly to your inbox.

Recent Posts

  • Ethiopia accuses Eritrea of military aggression, backing armed groups
  • Fed opts to keep bank capital buffers steady until 2027 as it mulls stress test tweaks
  • UNICEF calls for criminalization of AI content depicting child sex abuse
  • US Justice Department casts wide net on Netflix’s business practices in merger probe, WSJ reports
  • Tether says ‘misconception’ over fundraising plans amid reports of investor pushback

You may have missed

2026-02-08T140008Z_1_LYNXMPEM1707Y_RTROPTP_4_RUSSIA-ETHIOPIA.JPG
  • Newsletters

Ethiopia accuses Eritrea of military aggression, backing armed groups

Bull Bear Daily February 8, 2026 0
2026-02-05T070310Z_2_LYNXMPEM131EP_RTROPTP_4_USA-TRUMP-FED-POWELL.JPG
  • Newsletters

Fed opts to keep bank capital buffers steady until 2027 as it mulls stress test tweaks

Bull Bear Daily February 8, 2026 0
2026-02-05T094659Z_2_LYNXMPEM1317G_RTROPTP_4_ISRAEL-PALESTINIANS-AID.JPG
  • Newsletters

UNICEF calls for criminalization of AI content depicting child sex abuse

Bull Bear Daily February 7, 2026 0
  • Newsletters

US Justice Department casts wide net on Netflix’s business practices in merger probe, WSJ reports

Bull Bear Daily February 7, 2026 0
  • Home
  • Privacy Policy
  • Terms of Service
  • Disclaimer
  • Contact Us
  • Home
  • Privacy Policy
  • Terms of Service
  • Disclaimer
  • Contact Us
Copyright 2026 © All rights reserved | Bull Bear Daily | bullbeardaily.com