The IRS is cutting thousands of probationary workers as tax season begins, following the Trump administration’s directive to fire most probationary employees. The layoffs could impact hundreds of thousands of people, with around 65,000 employees already accepting a buyout offer. The Biden administration’s Inflation Reduction Act allocated $80 billion to hire 87,000 new IRS agents, aiming to improve taxpayer service and efficiency during the tax filing season.
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Tesla shares hit as Trump-Musk feud explodes
Investors sold off Tesla shares, resulting in a 14% drop and a loss of approximately $150 billion in market value, amid rising tensions between Elon Musk and President Donald Trump. The fallout began over Musk's criticism of a Trump-backed spending bill and escalated to personal insults, with Trump threatening to cut government contracts to Musk's companies. Market analysts expressed concern over the implications for Tesla's regulatory environment, as the clash jeopardized the company's hopes for...
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