Skip to content
Options Trading Report

Options Trading Report

Primary Menu
  • Home
  • Business
  • Domestic
  • Economy
  • Money
  • Top News
  • Newsletters
  • Home
  • 2025
  • April
  • 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

Editor April 18, 2025
2025-04-18T174614Z_1_LYNXMPEL3H0G1_RTROPTP_4_USA-TRUMP-IRS

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

Editor

Administrator

Visit Website View All Posts

Post navigation

Previous: Trump administration kicks off plan for expanded offshore drilling
Next: Tomorrow’s Market Secrets—Delivered Today

Live Market Pulse

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

Want More Market News?
Add your email address below to get up to date market news and more!
By submitting the form you agree to the Privacy Policy of Options Trading Report and agree to receive our email updates and special offers. As a bonus, you will also get a free subscription to MTA Trade of the Day, Privacy Policy. You will receive special offers and advertisements from Options Trading Report and MTA Trade of the Day and our affiliates. You may unsubscribe at any time.

Search

Recent Posts

  • Walmart defeats shareholder lawsuit over opioid probe disclosures
  • The Dynamic S & P 500 – by Justin Vaughn, Editor, Options Trading Report)
  • Dell slides after weak margins eclipse upbeat full-year forecast
  • Meta’s Zuckerberg pressed Trump on digital taxes before tariff threat, Bloomberg News reports
  • How Tesla and Waymo’s radically different robotaxi approaches will shape the industry

Categories

  • Business
  • Market News
  • Newsletters
  • Options
  • Reflections
  • Top News

You may have missed

2025-08-29T180723Z_2_LYNXMPEL7S0VG_RTROPTP_4_WALMART-LAWSUIT-OPIOIDS.JPG
  • Newsletters

Walmart defeats shareholder lawsuit over opioid probe disclosures

Editor August 29, 2025
New Delhi, India - March 15, 2025. S&P 500 Stock Index Displayed on Smartphone with Bullish Green Candlestick Chart and U.S. Flag Background, Signifying Market Uptrend
  • Market News

The Dynamic S & P 500 – by Justin Vaughn, Editor, Options Trading Report)

Editor August 29, 2025
2025-08-29T100536Z_1_LYNXMPEL7S0EF_RTROPTP_4_DELL-RESULTS.JPG
  • Newsletters

Dell slides after weak margins eclipse upbeat full-year forecast

Editor August 29, 2025
2025-08-28T180645Z_1_LYNXMPEL7R0X7_RTROPTP_4_META-PLATFORMS-VIRTUAL-REALITY.JPG
  • Newsletters

Meta’s Zuckerberg pressed Trump on digital taxes before tariff threat, Bloomberg News reports

Editor August 28, 2025
  • Home
  • Terms of Service
  • Privacy Policy
  • Disclaimer
  • Contact Us
Copyright 2025 © All rights reserved | Options Trading Report | optionstradingreport.com