THE HUFFINGTON POST
By Sam Stein
WASHINGTON — President Barack Obama announced on Wednesday that Steven Miller, the acting director of the Internal Revenue Service, had resigned amid criticism over the tax agency’s handling of conservative groups seeking tax-exempt status.
Speaking from the White House’s East Room, the president said that he had instructed Treasury Secretary Jack Lew to hold the IRS accountable for its missteps, revealed in a Treasury Department inspector general’s report released on Tuesday. Among the steps Lew took was to request and accept “the resignation of the acting commissioner of the IRS.”
“It is important to institute new leadership that can help restore confidence going forward,” said Obama.
The president also said that he had instructed Lew to implement the recommendations of the inspector general’s report which looked into why groups with words like “tea party” in their name had been forced to endure more scrutiny when applying for 501(c)(4) status. Obama added that he would “work with Congress as it performs its oversight role” in investigating the IRS.
- IRS Acting Commissioner Resigns (kktv.com)
- Officials who don’t exist can’t resign (maddowblog.msnbc.com)
- Boehner on IRS Scandal: ‘Who is going to jail?’ (politicalticker.blogs.cnn.com)
- Marco Rubio Calls For Non-Existent IRS Commissioner To Resign (blogs.browardpalmbeach.com)
- Obama: Acting IRS commissioner has resigned (mercurynews.com)
- Boehner on IRS scandal: ‘Who is going to jail?’ (wyff4.com)
- Marco Rubio Humiliates Himself By Demanding That the Non-Existent IRS Commissioner Resign (politicususa.com)
- IRS gave liberal groups a pass as it targeted conservatives: report (blogs.marketwatch.com)
- Obama says watchdog report’s findings on IRS ‘intolerable’ (reuters.com)
National News Alert
According to Bloomberg, President Barack Obama plans to name White House Chief of Staff Jack Lew tomorrow as his choice for Treasury secretary, replacing Timothy F. Geithner, a person familiar with the process said.
Lew, 57, who also has served as director of the Office of Management and Budget, has been offered the Treasury post by Obama, according to the person, who asked for anonymity to discuss personnel matters.
The U.S. government will exhaust its borrowing authority on Dec. 31 and hit the $16.4 trillion federal debt limit, the Treasury Department said Wednesday, beginning a countdown until Congress either passes legislation to allow for more borrowing or the government defaults on its debt.
Treasury Secretary Timothy F. Geithner said in a letter to senior lawmakers that the Treasury would begin to undertake “extraordinary measures” in order to forestall default. Geithner said the measures could create about $200 billion in additional funding available to the government – giving Congress two months before it must raise the debt
News from The Hill:
Speaker John Boehner (R-Ohio) on Thursday rejected a White House offer to avert the fiscal cliff that would include $1.6 trillion in tax increases, $400 billion in spending cuts and a permanent increase in the debt ceiling, Republican aides said.
While the Obama administration described the offer as reducing the deficit by $4 trillion over 10 years, Republican told The Hill its tax increases amount to $600 billion more than what the Democratic-led Senate passed earlier this year when it approved legislation that would allow tax rates on top earners to rise.