Trump's remarks came a day before the Fed was set to announce its next decision on interest rates.Politicsread more
Democratic Rep. Maxine Waters on Tuesday requested that Facebook pause its development of Libra, an upcoming cryptocurrency that the company plans to release in 2020.Technologyread more
Tesla loses vice president of HR and head of diversity, Felicia Mayo, one of a few black woman executives to break Silicon Valley's glass ceiling.Technologyread more
Union Pacific CEO Lance Fritz tells Jim Cramer that he is optimistic about trade relations with China, Mexico, Japan, and the EU.Mad Money with Jim Cramerread more
The S&P 500 is closing in on its all-time high, and is likely to sail past it, as long as the Fed promises lower interest rates and the trade war calms down.Market Insiderread more
American Airlines pilots plan to tell lawmakers they are still concerned about fixes to grounded Boeing 737 Max planes.Airlinesread more
"I do expect our stock market to be hammered if nothing positive comes of this G-20 meeting ... the most likely outcome is nothing happens," Jim Cramer says.Mad Money with Jim Cramerread more
See which stocks are posting big moves after the bell on June 18.Market Insiderread more
President Donald Trump on Tuesday announced that he will not nominate acting Defense Secretary Patrick Shanahan to hold the position in a permanent capacity. Army Secretary...Politicsread more
But a look at state-by-state data clarifies the scale of Trump's challenge. As the president tries to rally supporters at a 2020 kickoff rally in Orlando on Tuesday, he is...Politicsread more
In a tweet, Trump said that he and Xi "had a very good telephone conversation," and that "our respective teams will begin talks prior to our meeting."Politicsread more
Thousands of Americans nationwide have been targeted since August by a phone scam in which fraudsters claim to be from the U.S. Internal Revenue Service and demand money for unpaid taxes, said the IRS' watchdog on Thursday.
The Treasury Inspector General for Tax Administration (TIGTA) said it has received more than 20,000 complaints from people, including recent immigrants, about the scam.
Thousands of victims have collectively paid more than $1 million to the scammers, TIGTA said.
"This is the largest scam of its kind that we have ever seen," said J. Russell George, the head of TIGTA in a statement.
(Read more: Big data used to catch fraudulent tax returns)
The fraudsters can manipulate victim's phone's caller ID so it displays the number of a local IRS office, TIGTA said.
In some cases, the fraudsters have also told victims parts of their Social Security numbers.
In cases where victims hung up, fraudsters have called back displaying a local police phone number on caller ID, TIGTA said.
Potential victims worried about their immigration status have been threatened with deportation, TIGTA said.
(Read more: Filing taxes online? How to protect yourself)
The scam has occurred in almost every state and the fraudsters have followed a uniform script, a senior TIGTA official said on a conference call with reporters.
The technology needed to manipulate caller ID displays is easily available to the public, the official said.
Major phone companies have been warned about the scam, as well as companies that provide voice-over-the-Internet call services, the official said.
Claudia Hill, a licensed tax preparer in Cupertino, California, said that in one week last month, four of her clients complained of such scam calls. Before this year, none of her clients had previously mentioned phone scams, said Hill, who said she prepares about 1,000 tax returns a year.
(Read more: Best & worst states for taxes: How's your state?)
"The IRS is not proactive enough in getting out in front of any of this mess," she said.