Warren Buffett Issues Cryptic Warning on U.S. Dollar

The world's wealthiest individuals are making huge moves with their money. Warren Buffett just liquidated billions of shares. Bill Gates sold 500,000 shares of Microsoft. Jeff Bezos filed to sell Amazon shares worth $4.8 billion. What is going on? One multi-millionaire believes they are preparing for a catastrophic event. But not a crash, bank run, or recession. It's something we haven't see in America for more than a century.

Trump Removes IRS Commissioner Billy Long After 2 Months, Appoints Treasury Secretary Scott Bessent As Acting Chief Amid Agency Leadership Crisis

Mohd Haider
August 09, 2025

President Donald Trump has reportedly removed Billy Long as Internal Revenue Service commissioner just two months after his Senate confirmation. Treasury Secretary Scott Bessent will serve as acting IRS commissioner while the administration searches for a permanent replacement.

What Happened: Long, a former Republican congressman, is expected to receive an ambassadorial nomination to Iceland, sources told CNN. “I’m excited to take on my new role as the ambassador to Iceland,” Long posted on X, without addressing his IRS departure.

The leadership change marks unprecedented turmoil for the tax agency. Seven different officials have led the IRS since Trump’s 2024 election victory, representing the highest commissioner-level turnover in agency history. The rapid succession began when former President Joe Biden‘s appointee, Danny Werfel, resigned despite having three years remaining on his statutory five-year term.

Acting commissioner Doug O’Donnell retired in February after policy clashes with Trump appointees. Melanie Krause resigned in April following pressure to share taxpayer data with immigration agencies. Gary Shapley, briefly appointed as acting commissioner, was ousted within days after Bessent opposed his selection.

See Also: Lockheed, Boeing, General Dynamics Deals Reportedly Delayed As India Pauses US Defense Talks Over Trump Tariffs

Why It Matters: Long’s removal comes amid broader IRS budget pressures. A House Appropriations subcommittee approved legislation cutting IRS funding by $2.8 billion to $9.5 billion for fiscal 2026, representing a 20% reduction. The deepest cuts target enforcement activities, dropping from $5.4 billion to $3 billion.

The agency has lost 25% of its workforce under Trump through government cuts and buyouts, according to inspector general reports. Recent controversies include Department of Homeland Security access to taxpayer records for immigration enforcement, drawing privacy concerns from lawmakers including Sen. Adam Schiff (D-CA).

Trump also moved to eliminate the IRS Direct File program, which allowed free online tax filing without private companies. The program served 32 million eligible users across 25 states, with 90% of users rating their experience as excellent or above average.

Read Next: 

  • Lockheed, Boeing, General Dynamics Deals Reportedly Delayed As India Pauses US Defense Talks Over Trump Tariffs

Image Via Shutterstock

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Popular

AT&T's $17 Million Data Breach Settlement Offers Payouts Up To $7,500, Here's How To Claim

AT&T customers, both present and past, stand to receive up to $7,500 as part of a proposed $177 million settlement. This settlement is in response to two significant data breaches that affected millions of AT&T customers.

Congresswoman Files Hundreds Of Stock Trades Late, Including Palantir Stock Up Over 600%

A Congresswoman violated the Stock Act with a disclosure showing hundreds of stock transaction made dating back to March 2024.

Investing Legend Hints the End May Be Near for These 3 Iconic Stocks - Ad

Futurist Eric Fry say Amazon, Tesla and Nvidia are all on the verge of major disruption. To help protect anyone with money invested in them, he's sharing three exciting stocks to replace them with. He gives away the names and tickers completely free in his brand-new "Sell This, Buy That" broadcast.

How To Earn $500 A Month From Walmart Stock Ahead Of Q2 Earnings

Walmart offers a quarterly dividend amount of 23 cents per share. To earn $500 monthly, start with the yearly target of $6,000.

Jensen Huang Hints At A 'New Brain' And A Monday Reveal: What's Nvidia Got In Store For This Robot?

Nvidia CEO Jensen Huang teased a robotics announcement framed as giving robots a "new brain," with details expected Aug. 25 after the company wrapped up a week celebrating 2 million developers and showcasing AI-powered robotics innovations.

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after October 23rd, it may be too late.

Sunrun (RUN) Stock Soars As Wells Fargo Nearly Doubles Price Target

Sunrun shares are surging Friday afternoon. Wells Fargo analyst Michael Blum reiterated an Overweight rating on Sunrun.

AeroVironment Set For Growth As Drones Take Center Stage In Defense

Needham analyst initiates AeroVironment at Buy with a $300 target, citing drone market growth, BlueHalo deal and rising defense share.

Elon's New Device Could Launch Biggest IPO of the Decade - Ad

Elon Musk's new device is being called a "game-changer"-and even the White House is using this tech. Jeff Brown says it could launch Musk's next trillion-dollar company and make early investors rich. You can claim a stake now for as little as $500.

Cathie Wood's Thursday Bet: ARK Just Bought $31 Million Worth Of Falling Deere Stock, Also Loads Up On Block, Robinhood Shares

Ark Invest, led by Cathie Wood, made significant trades on Thursday — focusing on Deere & Co. (NYSE:DE), Block Inc. (NYSE:XYZ) and Robinhood Markets Inc. (NASDAQ:

Trump Exec Order to Help Restore Wealth for American Citizens? - Ad

Thanks to President Trump's Executive Order 14179, a brief "AI Wealth Window" is opening now. Genius investor James Altucher has released 3 AI wealth-building strategies to take advantage of Trump's genius Executive Order 14179. James believes you could see $10,000 grow to $1 MILLION or more over the next few years.

New Jersey Man Reportedly Dies Attempting To Meet A Meta AI Called 'Big Sis Billie'

A 76-year-old New Jersey man died after attempting to meet Meta's AI chatbot "Big Sis Billie," highlighting growing concerns over AI safety, vulnerable users, and regulatory oversight.

1 Chart Reveals the Biggest 'Tech Bubble' in History? - Ad

Thanks to a critical announcement on August 27th, we could soon witness a rapid collapse of all the biggest tech stocks in the world. Retirement accounts across the nation could get slashed by a factor of -20%, -40%, even -80%. And it all starts (and ends) with ONE single chart The real cause of what is happening in our entire stock market...

$7K worth of Labubu dolls stolen from Los Angeles store, authorities say

LOS ANGELES (AP) — A group of masked thieves stole about $7,000 worth of Labubu dolls from a Los Angeles-area store earlier this week, authorities said.

Nike co-founder Phil Knight and wife pledge record $2B to Oregon cancer center, university says

PORTLAND, Ore. (AP) — co-founder Phil Knight and his wife Penny Knight have pledged to donate $2 billion to Oregon Health & Science University’s Knight Cancer Institute, the school announced Thursday, describing it as the largest single gift to a U.S. university.

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as October 23rd.

Hijacked satellites and orbiting space weapons: In the 21st century, space is the new battlefield

WASHINGTON (AP) — As Russia held its this year, hackers backing the Kremlin hijacked an orbiting satellite that provides television service to Ukraine.

Will Your Savings Survive the August 31st Debt Ceiling Crisis? - Ad

On Aug 31, the U.S. runs out of "extraordinary measures" to avoid default. Insiders are moving into crisis-proof assets-while everyday Americans risk losing big. The FREE Mar-A-Lago Accord reveals where they're hiding wealth, how the Fed's response could crush the dollar, and 3 urgent moves to make now.

Epstein accuser Virginia Giuffre wrote a memoir. Months after her death, it's coming out

NEW YORK (AP) — A posthumous and “unsparing” memoir by one of most prominent accusers, will be published this fall, publishing house Alfred A. Knopf said Sunday.

One of the world's most polluted cities has banned single-use plastics. It's not so easy

LAGOS, Nigeria (AP) — shop manager Olarewanju Ogunbona says he uses Styrofoam and plastic packs at least five times a day — nothing unusual in the megacity of Lagos, one of the world's most plastics-polluted urban areas.

The End of Elon Musk...? - Ad

Think Tesla's done? Think again. Tech legend Jeff Brown - who called Tesla before its 2,150% surge - says a hidden $25 trillion AI breakthrough could 10X those gains. The media's missing it, but you don't have to.

Baidu's AI Cloud, Robotaxi Push Gain Speed Even As Ad Business Slows: Analyst

Baidu faces challenges in shifting tech landscape. Analyst maintains Buy with lowered price forecast, citing ad weakness and AI investment.

Asian shares retreat, tracking tech losses on Wall Street

TOKYO (AP) — Asian shares retreated on Wednesday, tracking a decline on Wall Street led by technology shares including Nvidia and other stars that have been riding the mania surrounding

How 433 Investors Unlocked 400X Return Potential - Ad

VCs back startups for outsized gains. Regular investors wait. But rule changes fixed that. Take Revolut. In 2016, 433 people averaged a $2,370 stake. Today? It's worth $1M+, up 89,900%. No wonder 10K+ people and the VCs behind Uber and eBay took the chance on Pacaso's $1.3T market disruption.

McDonald's Japan's Pokemon card Happy Meals promotion comes to an unhappy end

TOKYO (AP) — Fast-food chain McDonald’s Japan has canceled a Happy Meal campaign that came with coveted Pokemon cards, apologizing after resellers rushed to buy the meals and then discarded the food, leaving trash outside stores.

Peter Thiel-Backed Bullish Shoots Up 11% After-Hours Following Blockbuster IPO

Shares of cryptocurrency exchange Bullish soared over 11% in Wednesday's after-hours trading following the company's successful Wall Street debut.

Warren Buffett Issues Cryptic Warning on U.S. Dollar - Ad

The world's wealthiest individuals are making huge moves with their money. Warren Buffett just liquidated billions of shares. Bill Gates sold 500,000 shares of Microsoft. Jeff Bezos filed to sell Amazon shares worth $4.8 billion. What is going on? One multi-millionaire believes they are preparing for a catastrophic event. But not a crash, bank run, or recession. It's something we haven't see in America for more than a century.

Mexico and Guatemala presidents meet face-to-face for the first time to talk key regional projects

GUATEMALA CITY (AP) — From mounting cartel violence, border security and a mega project to extend a controversial train line across their borders, the presidents of Mexico and Guatemala talked common goals and concerns in their first face-to-face meeting on Friday.

Students face new cellphone restrictions in 17 states as school year begins

Jamel Bishop is seeing a big change in his classrooms as he begins his senior year at Doss High School in Louisville, Kentucky, where cellphones are now banned during instructional time.

Investing Legend Hints the End May Be Near for These 3 Iconic Stocks - Ad

Futurist Eric Fry say Amazon, Tesla and Nvidia are all on the verge of major disruption. To help protect anyone with money invested in them, he's sharing three exciting stocks to replace them with. He gives away the names and tickers completely free in his brand-new "Sell This, Buy That" broadcast.

Bilibili CEO Highlights Expanding User Base, Says Premium Content Key To Deeper Engagement

Bilibili reported strong Q2 results, with 20% revenue growth and surpassing earnings expectations. User engagement and spending also increased.

Bond ETF Investors On Alert During Fed Shake-Up, Rising Yields

Markets fear Fed independence threatened by ousting of Lisa Cook and potential for more dovish board members, causing volatility in bond ETFs

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after October 23rd, it may be too late.

Elon's New Device Could Launch Biggest IPO of the Decade - Ad

Elon Musk's new device is being called a "game-changer"-and even the White House is using this tech. Jeff Brown says it could launch Musk's next trillion-dollar company and make early investors rich. You can claim a stake now for as little as $500.

Ukraine's $150 Billion Commitment To Buy US Weapons Could Hand RTX, Lockheed And Northrop Billions

Ukraine is reportedly promising to buy $100 billion worth of American weapons, financed by Europe, in return for a security guarantee by the U.S.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright priceactionea.net
Privacy Policy | Terms of Service