DOGE officials storm into IRS, start investigations

Source Cryptopolitan

A high-ranking official from the Department of Government Efficiency (DOGE) reportedly arrived at the Internal Revenue Service (IRS) on Thursday noon, to commence investigations on the tax agency’s operations.

According to a Reuters exclusive, Gavin Kliger, a top staffer working alongside Elon Musk in the federal efficiency initiative, met with senior IRS executives at the agency’s Washington headquarters, according to sources familiar with the visit. 

Kliger’s arrival comes just days after a poll on Musk’s social media platform, X, which saw over 92% support for DOGE to scrutinize the IRS.

The visit occurred ahead of Trump’s Oval Office signing ceremony for his new reciprocal tariff agenda. It marks the first time a DOGE official has made an appearance at the tax-collecting agency, continuing its government wide focus on identifying fraudulent spending.

IRS under Musk’s microscope

Musk, who Trump has tasked with leading cost-cutting measures across federal agencies, has long targeted the IRS. As early as last November, the Tesla CEO had started asking his followers if the tax agency needs to be audited.

During his push to support Trump’s re-election, Musk sarcastically took a dig at the IRS, stating, “I’m the largest individual taxpayer in history. I paid $10 billion in tax. I sort of thought maybe the IRS would send me a little trophy or something, but I didn’t get anything, not even a cookie.”

Speaking to reporters in a press briefing at the White House, When asked about DOGE’s probe into the IRS, Trump called DOGE’s probe into the IRS “a good job.”

The Internal Revenue Service will be looked at like everybody. Just about everybody is going to be looked at,” the US President reckoned.

According to an email seen by Reuters, senior IRS executives were instructed on Thursday to identify all “non-essential” contracts for termination. The directive, issued by the General Services Administration (GSA), mandates a review of consulting contracts, particularly those classified as producing reports, research, coaching, or other non-critical materials.

Government shakeups IRS leadership

On December 5, President Trump nominated former Missouri Representative Billy Long to serve as the new IRS commissioner, though he awaits Senate confirmation. However, pending Long’s approval, the agency’s leadership has already seen changes, with former commissioner Daniel Werfel resigning on Inauguration Day rather than face termination. Douglas O’Donnell, a longtime civil servant, is currently serving as the agency’s acting commissioner.

The Republican-led effort to scale back the IRS follows the agency’s $80 billion funding boost under President Joe Biden in 2022, which was aimed at improving taxpayer services, modernizing technology, and increasing enforcement on high-income individuals and corporations. 

GOP lawmakers are head strong on clawing back portions of this funding, which allegedly backed over 80,000 agents to audit American citizens, opposing expanded enforcement efforts.

House Ways and Means Committee Chairman Jason Smith (R-MO) reinforced this stance in a letter to O’Donnell on Thursday, calling the IRS’s current operations “unacceptable” and listing concerns about its oversight and spending.

Musk’s influence is causing Democrats a headache

Musk’s personal involvement in government operations continues to strike Democratic policymakers’ nerves. 

Per several reports on social media, the Tesla CEO’s allies allegedly “deleted,” or took control of 18F, a federal agency that assists with technology projects, including the IRS’s Direct File program pioneered by Senator Elizabeth Warren, which offers free online tax preparation. 

The claim led to widespread confusion over whether Direct File remained available, though the system is still functional for the current tax season.

Senator Ron Wyden (D-OR) condemned DOGE’s review of the IRS, arguing that Musk’s team now has access to sensitive taxpayer data. “Musk’s henchmen are in a position to dig through a trove of data about every taxpayer in America,” Wyden said.

The Democratic senator also warned that DOGE’s audit could result in delays for 2024 tax refunds. “And if your refund is delayed, they could very well be the reason.

Cryptopolitan Academy: How to Write a Web3 Resume That Lands Interviews - FREE Cheat Sheet

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Fed hike odds near 90% into Wednesday's decision — how to trade the dollar, gold and the S&P 500A 0.3% monthly core CPI print has lifted the market-implied probability of a 25bp Fed hike on 16 September to roughly 86.5% ~ 90%, which would be the first increase since July 2023. Here is the decision timeline, the pricing versus the forecasts, both scenarios, and the key levels for the dollar, gold and the S&P 500.
Author  Suzie
Sep 14, Mon
A 0.3% monthly core CPI print has lifted the market-implied probability of a 25bp Fed hike on 16 September to roughly 86.5% ~ 90%, which would be the first increase since July 2023. Here is the decision timeline, the pricing versus the forecasts, both scenarios, and the key levels for the dollar, gold and the S&P 500.
placeholder
Silver breaks $64 as precious metals rebound — can gold hold the $4,280 line into the Fed decision?Silver has climbed back above $64 an ounce for the first time this week, leading a broad rebound across precious metals hours before the Federal Reserve delivers what is expected to be its first rate hike since 2023. Spot silver was last at $64.64, up 1.49% on the day, while gold reclaimed $4,300 and platinum and palladium both advanced. The question now is whether the bounce is a genuine turn — or a pause before the Fed's dot plot decides the next move.
Author  Suzie
Sep 16, Wed
Silver has climbed back above $64 an ounce for the first time this week, leading a broad rebound across precious metals hours before the Federal Reserve delivers what is expected to be its first rate hike since 2023. Spot silver was last at $64.64, up 1.49% on the day, while gold reclaimed $4,300 and platinum and palladium both advanced. The question now is whether the bounce is a genuine turn — or a pause before the Fed's dot plot decides the next move.
placeholder
Dollar index tops 100 for the first time since July as the Fed's hawkish dot plot sinks inThe U.S. dollar index broke back above 100 for the first time since 31 July after the Fed delivered its first rate hike since 2023, with the dot plot showing 16 of 18 officials expect at least one more increase this year. Here are the levels that matter for DXY, the currencies feeling it most, and what to watch next.
Author  Irene Q.
Sep 17, Thu
The U.S. dollar index broke back above 100 for the first time since 31 July after the Fed delivered its first rate hike since 2023, with the dot plot showing 16 of 18 officials expect at least one more increase this year. Here are the levels that matter for DXY, the currencies feeling it most, and what to watch next.
placeholder
Gold rebounds to near $4,350 on weaker US Dollar, falling oil pricesGold price (XAU/USD) rises to near $4,345 during the early Asian session on Friday. The precious metal rebounds from a six-week low amid falling oil prices and a weaker US Dollar (USD). Traders continue to assess the latest Federal Reserve (Fed) rate hike and policy cues.
Author  FXStreet
Yesterday 01: 32
Gold price (XAU/USD) rises to near $4,345 during the early Asian session on Friday. The precious metal rebounds from a six-week low amid falling oil prices and a weaker US Dollar (USD). Traders continue to assess the latest Federal Reserve (Fed) rate hike and policy cues.
placeholder
US to delay new "overcapacity" tariffs on China — what the pause means for trade, inflation and the dollarWashington is expected to hold off announcing new tariffs over Chinese "overcapacity" until after the 24 September summit, according to Bloomberg. The postponed plan would have added 7.5% to Chinese goods, taking second-term US tariffs to around 20%. Here is what is on the table, and what a deal versus no deal would mean for the yuan, Hong Kong equities and the dollar.
Author  Mitrade
18 hours ago
Washington is expected to hold off announcing new tariffs over Chinese "overcapacity" until after the 24 September summit, according to Bloomberg. The postponed plan would have added 7.5% to Chinese goods, taking second-term US tariffs to around 20%. Here is what is on the table, and what a deal versus no deal would mean for the yuan, Hong Kong equities and the dollar.
goTop
quote