Get all your news in one place.
100's of premium titles.
One app.
Start reading
AAP
AAP
Business
FATIMA HUSSEIN (Associated Press)

Treasury Secretary Scott Bessent refuses to say whether Trump remains exempt from IRS audits

WASHINGTON (AP) — Treasury Secretary Scott Bessent refused to say Wednesday whether President Donald Trump and his family would still get immunity from IRS audits after the administration abandoned plans for a $1.776 billion compensation fund that would have benefited the president's allies.

"There's continuing litigation, and I'm unable to comment on ongoing litigation," Bessent told lawmakers at the Senate Finance Committee hearing.

It was a frustrating answer for Democratic lawmakers looking to get answers from Bessent at a hearing ostensibly focused on the Treasury Department's budget and came a day after acting Attorney General Todd Blanche seemed to indicate that the portion of the settlement dealing with the IRS audit immunity would still be in effect for the Republican president.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.