Core Insights - The U.S. Treasury Secretary, Janet Yellen, announced that the IRS has canceled and renegotiated IT and professional services contracts, leading to significant cost savings [1] - The IRS has also canceled unused licenses, which contributes to annual savings of hundreds of millions of dollars [1] Group 1 - The IRS's actions are aimed at improving efficiency and reducing unnecessary expenditures [1] - The renegotiation of contracts is part of a broader strategy to optimize resource allocation within the agency [1] - The cancellation of unused licenses indicates a proactive approach to managing operational costs [1]