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Liz MacDonald

Elizabeth MacDonald is a veteran business journalist and is the stocks editor for Fox Business and Fox News (where she is fondly referred to as "Emac"). MacDonald has also covered the markets, corporate accounting scandals, taxes and the IRS for the Wall Street Journal and Forbes Magazine, where she created Forbes' top-rated annual ranking, "The World's 100 Most Powerful Women," widely read around the world. MacDonald also runs the Business Center desk on the Fox Business show "Opening Bell with Maria Bartiromo", is a regular on Fox Business's Cavuto, Varney & Co., the Fox News show Forbes on Fox, (a founding panelist), and is a regular guest on "Red Eye with Greg Gutfeld."MacDonald's column, Emac's Bottom Line, can be found on both the Fox Business and Fox News websites. MacDonald has been a guest commentator on television and radio both in the U.S. and abroad, and according to her Fox bio has received more than a dozen journalism awards, including the Gerald Loeb award for excellence and the Society of Professional Journalists excellence in journalism award. Canisius College in Buffalo, N.Y. has recognized MacDonald as a distinguished alumna; MacDonald graduated with honors in 1984. MacDonald is also the author of the best-selling historical novel Skirting Heresy: The Life and Times of Margery Kempe (Franciscan Media, June 2014), which Kirkus Reviews praised as a "well-written, elegant, clear, and engaging" work, Bloomberg News said the book is "a work of scholarship and the imagination," and RealClearMarkets said it is an "engrossing, fascinating book, an important revival of a timeless life story."MacDonald has also appeared as a guest on NBC's The Today Show, ABC's World News Tonight, ABC's Nightline, Your World with Neil Cavuto, "On the Record with Greta Van Susteren", "The O'Reilly Factor, CBS This Morning, CNBC's Kudlow & Company with Larry Kudlow, C-SPAN, Court TV, as well as radio shows such as ABC News talk radio and NPR.MacDonald's primary beat is stock market corruption, corporate accounting abuses, the IRS and taxes. Members of the U.S. Congress have noted that an award-winning investigative series about the Internal Revenue Service (IRS) that MacDonald reported helped lead to broader taxpayer rights and reforms at the agency. It also led to Congress calling MacDonald in to testify about IRS abuses of taxpayers as well as IRS reforms. MacDonald also was one of the first journalists in the country to sound the alarm about the coming wave of corporate accounting scandals in the mid to late '90s while at the Wall Street Journal.MacDonald's scoops range from stories about the government's historic bailout of Wall Street, the collapse of Bear Stearns, Lehman Bros., AIG, Fannie Mae, Freddie Mac, Citigroup and Bank of America, executive compensation scandals, and the abuse of taxpayer funds in Washington. MacDonald has also covered behind-the-scenes bailout controversies at the U.S. Treasury and the Federal Reserve, and recently broke news about SeaWorld's accounting scams to cover up earnings problems as the fallout of its abuses of Orca whales, the subject of the documentary film Blackfish. MacDonald also broke news on the devastating impact of super storm Sandy on New York and New Jersey.MacDonald's IRS coverage included breaking news on the Kennedys' secret IRS audits of its political enemies, including the news that under the Kennedy Administration the IRS audited Kennedy assassin Lee Harvey Oswald's group Fair Play for Cuba Committee. MacDonald also broke the news on the Church of Scientology's secret deal with the IRS to become a world religion, as well as Congressional abuses of the IRS, and President George H.W. Bush's secret fight with the agency.