Treasury Secretary Scott Bessent announced the U.S. will investigate Chinese open-source AI models for intellectual property theft, threatening sanctions against companies found to be stealing IP. This move escalates the technological competition as Chinese models gain capabilities, potentially harming American AI firms.
U.S. Treasury Secretary Scott Bessent announced an investigation into whether Chinese AI models, including Moonshot AI's Kimi K3, are "distilled" from American models, citing "IP theft." He warned of potential sanctions and noted "watermarks" from U.S. large language models on Chinese counterparts.
President Trump has directed officials to prepare for a potential trade embargo against Spain, escalating a dispute over defense spending. The order could impact billions in trade and investment, including goods, services, and travel.
US Treasury Secretary Scott Bessent and former President Donald Trump have urged oil and gas companies to lower prices, with Trump demanding prices target $2.50 a gallon. Bessent cited record profits and the upcoming 250th anniversary of the US founding as reasons for companies to act.
US officials, including Rep. Brian Mast and Sen. Jim Banks, warn that China's pursuit of AI leadership is a critical national security, economic, and moral race for the US, emphasizing the need to prevent China from gaining an advantage.
US official Bessent warns China's AI advancements pose the greatest threat to the US, citing America's current technological lead as the reason for China's willingness to discuss AI cooperation.
President Trump expressed uncertainty about Iran's use of oil profits, stating "we'll see" if the funds are diverted to military rebuilding. He suggested the money should buy U.S. agricultural products for the Iranian people, though an Iranian central banker disputed any obligation to buy from the U.S.
A new book by NYT reporters claims Treasury Secretary Scott Bessent expressed concerns that Ukrainian President Volodymyr Zelensky would disrupt the signing of a rare earth minerals deal with the US, reportedly calling him a "little f**ker" and comparing him to "Mr. Bean on crack."
A new book by NYT reporters details alleged frustrations of US Treasury Secretary Scott Bessent with Ukrainian President Zelensky during negotiations for a rare earth minerals deal. Bessent reportedly called Zelensky a "little fucker" and compared him to "Mr. Bean on crack."
A new book by Maggie Haberman and Jonathan Swan alleges that US Treasury Secretary Scott Bessent called Ukrainian President Volodymyr Zelenskyy a "little fucker," a "special-needs child," and "Mr Bean on crack." Bessent also reportedly advised Donald Trump not to host Zelenskyy in the Oval Office.
Reports indicate tension between US Treasury Secretary Scott Bessent and National Cyber Director Sean Cairncross regarding the government's response to advanced AI models, particularly Anthropic's 'Mythos'. The dispute centers on urgency and involvement levels, though the White House denies any division.
A data leak has exposed the membership of Dialog, an invitation-only society co-founded by Peter Thiel. The leaked roster includes powerful figures from politics, tech, and defense, with a retreat planned near Dublin. The leak also revealed unusual session topics and a dating app for members.
A data leak has exposed the membership of Dialog, an invitation-only society co-founded by Peter Thiel. The leaked roster includes powerful figures from politics, tech, and defense, with a retreat planned near Dublin. The leak also revealed unusual session topics and a dating app for members.
A federal judge in Virginia extended her block on the DOJ's $1.8 billion 'Anti-Weaponization Fund,' deeming Acting AG Todd Blanche's verbal assurance insufficient. Judge Leonie Brinkema ordered written declarations from Blanche and Treasury Secretary Scott Bessent by next week, citing concerns raised by Trump's reaction and the fund's potential to compensate Jan. 6 rioters.
Melania Trump announced 'Fostering the Future Accounts,' a new savings and investment program for children in foster care, in conjunction with the U.S. Department of Treasury. The initiative aims to provide financial resources to over 400,000 vulnerable children.
US Treasury Secretary Scott Pissent vowed to use Iranian funds to compensate for damages caused by Tehran to Washington's Gulf allies, warning of severe economic repercussions from the Islamic Republic's attacks. Meanwhile, efforts to reach a preliminary agreement between Iran and the US have intensified, with discussions focusing on releasing frozen Iranian funds.
Former US Treasury Secretary Henry Paulson advised Washington and Beijing to manage their strategic competition to prevent conflict, warning that distrust is a greater risk than trade imbalances. Speaking in Beijing, he emphasized the need for 'guard rails' amidst intense rivalry.
Treasury Secretary Scott Bessent testifies on department priorities amid questions about Trump's IRS audit immunity. Ex-adviser John Bolton agrees to plead guilty to retaining classified info. American Airlines suspends summer routes due to fuel costs. Supreme Court sides with Trump admin on telecom regulation.
US Treasury Secretary Scott Bessent is working with Congress to solidify the nation's strategic bitcoin reserve, established by a presidential decree in March 2025. The goal is to transition the reserve from a political initiative to a lasting institutional commitment through legislation, signaling bitcoin's legitimacy as a long-term reserve asset.
US Treasury Secretary Scott Bessant expressed support for Bill Mulvaney's appointment as acting Director of National Intelligence, despite their past heated altercation. Bessant stated he expects constructive cooperation on housing and urgent issues concerning Iran.
US official Bessent noted 200 Boeing planes agreed during a visit, with more expected when Xi Jinping arrives. Expert Gupta linked Boeing purchases to China's C919 jet engine supply, predicting up to 550 more planes if trust is established. This follows the US Trade Representative's office announcing a comment process for a new US-China Board of Trade.
The US Trade Representative's office announced a new US-China Board of Trade to manage bilateral trade, potentially considering tariff modifications on non-sensitive goods. The board aims to facilitate trade between the two largest economies.
Treasury Secretary Scott Bessent refused to answer questions regarding Donald Trump's immunity from IRS audits, citing ongoing litigation. This comes after the administration abandoned a $1.776 billion compensation fund, but acting AG Todd Blanche suggested the audit immunity aspect might still be in effect.
Treasury Secretary Scott Bessent stated he is "performing the duties" of IRS commissioner, not acting commissioner, during a Senate Finance Committee hearing. The exchange focused on President Trump's IRS settlement and whether other taxpayers whose data was leaked would receive similar protections.
