JUST IN: Scott Bessent Picked For Powerful New Role
Published 16 hours ago
on August 8, 2025
By Mark Steffen
U.S. Treasury Secretary Scott Bessent was appointed by President Donald Trump on Friday to serve as the acting IRS commissioner, a powerful role that empowers Bessent like no other treasurer before him.
Bessent, who serves as a de facto whisperer to Wall Street on behalf of the administration, will oversee both the government’s disbursements as well as its collection of revenue, the first time in history that one person has held both roles simultaneously.
The move kicks former IRS Commissioner Billy Long out of office just two months after he was confirmed by the U.S. Senate, a move that was made directly by Trump, according to four people familiar with the decision.
However, Long remains in Trump’s good graces and will be nominated for an ambassadorship, the sources said. Bessent’s temporary selection makes him the sixth individual to head the beleaguered agency this year.
Long, who represented Missouri’s 7th congressional district from 2011 to 2023, lost the 2022 Republican primary for U.S. Senate, leaving him sidelined from office for the first time in years. He was an early and enthusiastic supporter of President Trump’s 2024 campaign.
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