No liability shield for AI

Treasury Secretary Scott Bessent told CNBC that AI developers must take responsibility for themselves rather than expect federal protection from liability.

“"It is humans who are responsible, not the AI."”

Trump opposes AI regulation

President Trump strongly supports expanding AI companies and data centers in the U.S., rejecting calls from some AI leaders for a potential slowdown of the industry.

U.S. and China discuss AI risks

Bessent met with Chinese Vice Premier He Lifeng for 12 hours on Sunday to discuss AI dangers and establish a communication line for future AI-related incidents.

Trade truce expires in November

The temporary trade agreement between the U.S. and China is set to expire on November 10, and was a focal point of Bessent's weekend talks with Beijing.

Fed raises rates despite Trump

The Federal Reserve raised benchmark interest rates to 3.75% to 4% last week, the first increase since 2023, even as Trump pressured the Fed to cut rates.

Treasury yields spike amid Iran war

The 10-year Treasury yield has risen about 100 basis points since the Iran war began in late February, now exceeding 5% and pushing mortgage rates above 7%.

Bessent defends bond market strength

Bessent called a $5 billion Treasury buyback in September successful and noted the U.S. bond market is the best-performing in the developing world under Trump.

Trump bans three news outlets

Trump banned MS NOW, CNN, and Politico from the White House on Friday, claiming unfair coverage. The three outlets sued on First Amendment grounds on Monday.