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Wally Adeyemo

Treasury urging lawmakers to free up IRS money

The Treasury Department is pressing Congress to include a provision in any year-end continuing resolution that would shield the IRS from more long-term budget cuts.

Deputy Secretary Wally Adeyemo told reporters Tuesday that without an anomaly in the CR, the agency could lose another $20 billion of its long-term funding and run out of money to crack down on tax cheats during FY2025.

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