Debt ceiling deal throws a wrench into IRS overhaul ...Middle East

The bipartisan deal to raise the debt ceiling would claw back billions of dollars meant enable a large-scale refurbishment of the IRS, which has withered over the last decade due to budget cuts, outdated technology and loss of staff. No less than a quarter of the $80 billion in new funding awarded to the IRS in Democrats’ Inflation Reduction Act (IRA) would be taken back from the agency in a deal struck by the White House and House Republicans over the weekend. The White House has emphasized that all the new initiatives at the IRS — laid out in an ambitious operating plan released in April — are still full-steam ahead and that the agency will be able to make good on the Treasury Dep

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