Treasury Secretary Scott Bessent testifies on department priorities amid questions about Trump's IRS audit immunity. Ex-adviser John Bolton agrees to plead guilty to retaining classified info. American Airlines suspends summer routes due to fuel costs. Supreme Court sides with Trump admin on telecom regulation.
Treasury Secretary Scott Bessent refused to answer questions regarding Donald Trump's immunity from IRS audits, citing ongoing litigation. This comes after the administration abandoned a $1.776 billion compensation fund, but acting AG Todd Blanche suggested the audit immunity aspect might still be in effect.
Podcaster Joe Rogan criticizes a DOJ settlement that bars future IRS audits of Donald Trump, his family, and related entities for past tax returns, likening it to immunity from future charges.
Financial advisors warn that HSA holders risk IRS penalties if they don't keep receipts for out-of-pocket medical expenses when using the account as a long-term investment vehicle. While HSAs offer triple tax advantages, account holders must maintain documentation for decades if they wait to reimburse themselves, as the three-year audit clock starts at the time of withdrawal, not the original expense.
