This week, the House Oversight committee will become the focus of the IRS targeting controversy that has recently come to light.
The IRS official who first notified congress about the targeting of conservative groups, Lois Lerner, will testify not only about the targeting but also about the revelation that the targeting came to light because of a planted question at a recent tax conference.
In the meantime, one of the organizations targeted for extra IRS review, the Tea Party, plans demonstrations at IRS offices across the country on Tuesday.
In addition, the head of the American Center for Law and Justice says a lawsuit will be filed soon on behalf of many of the groups that had been targeted by the IRS.
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Political News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.