Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
There are challenges with Iran, North Korea, the Afghan Taliban, Israel and the Palestinians — not to mention a number of trade pacts.Politicsread more
In perhaps Buffett's first televised profile, he explained a method of investing that prioritizes bargains and makes use of an occasional baseball analogy.Marketsread more
The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
A 58% majority of registered voters express unease about voting for Trump, but slightly more say the same about Joe Biden and Bernie Sanders, while Elizabeth Warren fares only...Politicsread more
A temporary airspace closure forced flights coming into Dubai from Australia, Singapore and India to be diverted to nearby airports.Airlinesread more
As the home to major companies such as Garmin, Sprint, H&R Block and Russell Stover Chocolates, plenty of business travelers find themselves in Kansas City for work. Here's...Travelread more
Investors are asking how the world's third-largest defense spender could have left itself so vulnerable and what that means for the future.Politicsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
Solar power is on the rise. You can see the evidence on rooftops and in the desert, where utility-scale solar plants are popping up. The picture is not all rosy, but if the...Technologyread more
House Democrats have given the Internal Revenue Service a new deadline to hand over President Donald Trump's tax returns days after Treasury Secretary Steven Mnuchin said his department would miss the original deadline of April 10.
In a letter to IRS Commissioner Charles Rettig sent Saturday by Ways and Means Committee Chairman Richard Neal, D-Mass., Democrats gave a second and final deadline of April 23 for six years of Trump's personal and business tax returns. The lawmakers could go to court to seek the returns if the IRS does not turn them over.
"To date, the IRS has failed to provide the requested return and return information despite an unambiguous legal obligation to do so ... Please know that, if you fail to comply, your failure will be interpreted as a denial of my request," Neal wrote in the letter.
The letter also states that there is "no valid basis to question the legitimacy of the Committee's legislative purpose," citing Supreme Court instructions that Congress' power to investigate is "broad."
"It is not the proper function of the IRS, Treasury, or Justice to question or second guess the motivations of the Committee or its reasonable determinations regarding its need for the requested tax returns and return information," Neal wrote.
More from NBCNews
The Ways and Means Committee first sent a formal request to the Treasury Department for Trump's tax returns on April 3, giving the department a deadline of April 10 to produce the documents.
"I today submitted to IRS Commissioner Rettig my request for six years of the president's personal tax returns as well as the returns for some of his business entities. We have completed the necessary groundwork for a request of this magnitude and I am certain we are within our legitimate legislative, legal, and oversight rights," Neal said in a statement.
But Treasury Secretary Steven Mnuchin pushed back on the request, saying his department would be unable to meet the deadline.
In a letter to Neal, Mnuchin said the Treasury was continuing to review Democrats' request in light of "serious issues" about whether the request is proper.
"The legal implications of this request could affect protections for all Americans against politically motivated disclosures of personal tax information, regardless of which party is in power," Mnuchin wrote, saying he was consulting with the Justice Department about the legality and constitutionality of Neal's request.
Mnuchin said that "for the same reasons," he intended to supervise the department's review personally.
Trump's tax returns have been a contentious subject since he was a candidate for president. He has claimed that he cannot release his returns because he is under audit by the IRS.
However, in congressional testimony in February, Trump's former personal attorney Michael Cohen said he'd seen no proof that any audit was under way. And tax experts have said that even if he is under audit, there's nothing to stop Trump from releasing his returns.