An IRS whistleblower who testified publicly about investigations into Hunter Biden’s taxes is expected to be promoted to IRS acting commissioner, two sources familiar with the plan tell The Associated Press. Gary Shapley, an IRS employee who testified to Congress as Republicans reviewed the business dealings of Joe Biden’s son, said he was retaliated against for cooperating in the investigations. In March, Shapley was promoted to Deputy Chief of IRS Criminal Investigations Now, the tax collection agency is planning to name Shapley to one of the highest ranking roles at the agency–in an interim role– as former Missouri congressman Billy Long awaits a confirmation hearing to lead the agency permanently, the people say.

Rule tossed that caps credit card late fees

A Texas judge has thrown out a federal rule that would have capped credit card late fees. The order issued on Tuesday by U.S. District Judge Mark Pittman in Fort Worth came a day after the Consumer Financial Protection Bureau and a coalition of major banking groups agreed that the rule was illegal.

The rule was proposed last year under the administration of President Joe Biden. But the CFPB has been in turmoil since the Trump administration this year began dismantling it, targeting it for mass firings and dropping various enforcement actions against companies. The banks have been pushing hard to stop the late fee rule, due to the potential billions the banks would lose in revenue.

DOGE trumpets fraud already found by US

Elon Musk’s federal cost-cutting team is touting its latest finding: Hundreds of millions of dollars in allegedly fraudulent unemployment claims. But the fraud the Department of Government Efficiency is claiming to have uncovered seems to mimic work that federal investigators already reported years ago.

And when they looked into the fraud, they found far more than what DOGE is now claiming. DOGE says its review found abuse including filings made by people with birthdates indicating they were just children, over the age of 115 or not even born yet.

Investigations begin into chips, pharmaceuticals

The Trump administration has taken its next steps toward imposing more tariffs on key imports, launching investigations into imports of computer chips and products that contain them, chip making equipment and pharmaceuticals. The Department of Commerce posted notices about the probes late Monday on the Federal Register, seeking public comment.

Although President Donald Trump paused most of his biggest tariff hikes, apart from those for China, he has said he still plans tariffs on pharmaceutical drugs, lumber, copper and computer chips. The Commerce Department said it is investigating how imports of computer chips, equipment to make them and products that contain them affect national security.