Mehmet Oz, President Donald Trump’s nominee to lead the Centers for Medicare and Medicaid Services, may have “significantly” underpaid Social Security and Medicare taxes in recent years, according to a memo by Democratic staff on the Senate Finance Committee seen by Bloomberg News.

WASHINGTON (Reuters) -Dr. Mehmet Oz, the celebrity physician nominated by President Donald Trump to oversee Medicare and Medicaid, appears to have underpaid his social security and Medicare taxes in recent years, according to a memo drafted by Democratic staffers on the Senate Finance Committee.

Dr. Mehmet Oz, the celebrity physician nominated by President Donald Trump to oversee the government's Medicare and Medicaid health plans, appears to have underpaid his own Medicare taxes by over $400,

U.S. President Donald Trump has made numerous tariff threats since returning to office on January 20, ranging from a universal duty on imports to targeted tariffs on specific sectors or countries, in a bid to get others to meet his policy demands.

A 10% drop is a big enough deal that professional investors have a name for it — a “correction” — and the S&P 500’s 1.4% slide on Thursday sent the index to its first since 2023. The losses came after Trump upped the stakes in his trade war by threatening huge taxes on European wines and alcohol.

Not even a double-shot of good news on the U.S. economy seems to be enough to stop Wall Street’s bleeding. Stocks fell Thursday after President Donald Trump upped the stakes in his trade war by threatening huge taxes on European wines and alcohol.