The Latest Breaking News from Scott Bessent

Trump Backs Away From Industry-Funded AI Regulator After Zuckerberg, Musk and Nvidia's Huang Object, Report Says

Mark Zuckerberg, Elon Musk and Jensen Huang reportedly warned Donald Trump that an industry-funded AI watchdog could entrench the dominance of leading AI laboratories.

International Business Times UK · Sep 18

Where Did Venezuela's $13 Billion in Oil Money Go? Senate Democrats Want Answers

Three senators demand answers on $13B+ in Venezuelan oil revenue Washington won't explain, as new remittance rules hang in the balance.

Latin Times · Sep 18

What to expect from the Trump-Xi summit, from tariffs to a possible $30 billion deal

Chinese President Xi Jinping is expected to hold talks with US President Donald Trump in Washington next week, with an expiring trade truce, tens of billions in tariff relief and AI all on the table as both economies need the relationship to hold.

Euronews · Sep 18

Independent voters give Trump the truth: His midterm convention made no impact

The key voting bloc in the upcoming midterms was unfazed by the Republican midterm convention in Dallas, during which Donald Trump promised Americans $5,000 checks if his party held onto power in Congress

The Independent UK · Sep 18

U.S. And China Keep Racing To AI Dominance. Bessent Says There Is Space For Cooperation Nonetheless.

Bessent is scheduled to meet with Chinese Vice Premier He Lifeng in New York as part of broader negotiations covering artificial intelligence, trade, rare earth minerals and other economic issues.

International Business Times · Sep 17

Major White House AI Split Reportedly Emerges as Senior Aides Raise Concerns Over Trump's Approach

A reported split within the Trump administration over AI oversight has widened, with senior officials urging greater scrutiny while the president and technology executives oppose additional barriers to development.

International Business Times UK · Sep 17

Japan's Interest Rates Could Hit A Three-Decade High. Nearly 9 In 10 Economists Expect Another Hike.

Higher prices and stronger wages are adding to expectations that Japan's central bank will accelerate the pace of its monetary policy tightening.

International Business Times · Sep 17

Hot or not? The economy’s fate rests on Kevin Warsh’s answer to one key question

Oil near $110, 5% Treasury yields, an AI investment boom and stubborn inflation have revived a question the Fed hasn’t faced in years: Is America overheating?

Fortune · Sep 16

Voters skeptical Trump will ever deliver his promised $5,000 dividend checks, new poll shows

Sixty-one percent of likely voters say they doubt President Trump will deliver on his midterms ‘dividend’ pledge, with just 22 percent thinking he will follow through, survey finds

The Independent UK · Sep 16

US treasury secretary hails government’s bond buyback a success

On Tuesday, the 10-year treasury rate yield reached a 19-year high at 5.041% as investors are wary Iran war fallout

The Guardian - US · Sep 15