U.S. Markets closed

News Summary: IRS official takes the fifth

The Associated Press

NO FAULT: The Internal Revenue Service official at the center of the storm over the agency's targeting of conservative groups told Congress she had done nothing wrong and broken no laws.

BRIEF STATEMENT: IRS official Lois Lerner defended herself during a brief appearance the House committee investigating the agency's improper targeting of tea party and other conservative groups seeking tax-exempt status from 2010 to 2012. Lerner oversees the IRS office that processes applications for that designation.

TAKING THE FIFTH: After making her statement, Lerner involved her invoked her constitutional right to not answer questions at the hearing.