Trump said Friday that his new commerce secretary, Howard Lutnick, “will be looking” at the U.S. Postal Service.

The Trump administration reportedly started to lay off nearly 7,000 new workers from the IRS on Thursday, including many who work in enforcement. A day earlier, Commerce Secretary Howard Lutnick told Fox News that Trump’s goal is to “abolish” the IRS and replace its tax revenue with tariff cash.

Howard Lutnick, the newly confirmed Commerce Secretary under President Donald Trump's administration, reiterated the President's proposal of the abolition of the Internal Revenue Service (IRS).

Follow the latest news and updates as Howard Lutnick is sworn in to Donald Trump's Cabinet, the president signs more executive orders and CPAC enters another day.

Commerce Secretary Howard Lutnick and FBI Director Kash Patel were sworn in on Friday. Kash Patel was sworn in to be Trump's FBI director on Friday by Attorney General Pam Bondi. Kash Patel is sworn in as FBI director by Attorney General Pam Bondi in the Indian Treaty Room in the Eisenhower Executive Office Building on the White House campus in Washington,

Lutnick will oversee 50,000 employees who do everything from collecting economic statistics to running the census to issuing weather reports.

Howard Lutnick said that Elon Musk is going to "cut a trillion dollars of waste, fraud, and abuse" in Social Security, Medicaid, and Medicare.

The international cruise industry took a hit Thursday after new Secretary of Commerce Howard Lutnick announced that cruise lines should start paying U.S. taxes.

Panelists Lisa Boothe and David Marcus discuss the swearing in of U.S. Secretary of Commerce Howard Lutnick on ‘The Will Cain Show.’

President Donald Trump says he may put the U.S. Postal Service under the control of the Commerce Department in what would amount to an executive branch takeover of the independent agency. Trump made the remarks Friday at the swearing-in of Commerce Secretary Howard Lutnick.

President Donald Trump’s nominee for U.S. Secretary of Commerce, Howard Lutnick, passed a key procedural vote in the Senate on Thursday, clearing the path for his final confirmation vote.