Obama to speak on IRS matter

Wednesday, May 15th, 2013 | Finance News

WASHINGTON (AP) — President Barack Obama is scheduled to deliver a statement at 6 p.m. regarding the Internal Revenue Service's targeting of conservative groups for special review.

The president will make his remarks after discussing the IRS matter with Treasury Secretary Jacob Lew and his top deputy, Neil Wolin.

Obama has been under pressure to act in the aftermath of acknowledgement by top IRS officials that conservative groups were improperly singled out. An investigation by a Treasury inspector general found that the IRS used inappropriate criteria that identified for review tea party and other conservative groups that were seeking tax exempt status.

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