Treasury cancels Booz Allen contracts after employee leaked Trump tax records; stock falls

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Treasury Secretary Scott Bessent on Monday said he had cancelled all Treasury Department contracts with the consulting firm Booz Allen Hamilton

, one of whose employees leaked the tax records of President Donald Trump, and the billionaires Jeff Bezos and Elon Musk, to media outlets.

Booz Allen Hamilton’s stock price dropped by 8% on the heels of the Treasury Department’s announcement.

The department said it currently has 31 separate contracts with Booz Allen Hamilton, totaling $4.8 million in annual spending and $21 million in total obligations.