#scott bessent
28 stories
America Didn't Lose Its Rare Earth Industry. It Sold It.
U.S. sold rare earth industry to China for economic gain, now faces supply chain risks.
Default · 2m
IMF chief warns wealthy nations must cut debt
The IMF says the US and other rich countries must urgently tackle mounting global debt that is straining the world's poorest nations and the financial system.
ABC News · 2m
Bessent skips IMF and World Bank meetings
U.S. Treasury Secretary Scott Bessent will skip Bangkok IMF and World Bank meetings.
Nikkei Asia · 1m
U.S. and China quietly build AI safety channel
Trump publicly rejects AI guardrails while his Treasury secretary proposes formal talks with China on managing AI risks.
Fortune · 2m
US Treasury Chief Calls China Trade and AI Meeting 'Very Successful'
US Treasury Secretary Scott Bessent reports a 'very successful' eight-hour meeting with Chinese officials on trade and AI ahead of US-China summit.
Malay Mail · 1m
US proposes AI hotline with China
The US wants a direct channel with China to report major AI security incidents, as the two countries intensify their AI rivalry.
Business Insider · 1m
Fixing national debt could raise household income by $36,000
A new study argues that tackling America's $40 trillion debt pile would boost real incomes and ease an affordability crisis that voters rank as a top concern.
Fortune · 1m
Can a hotline stop AI from starting a war?
The U.S. and China agree to discuss an AI incident hotline, but experts question whether it can prevent catastrophic accidents or rogue systems.
Fortune · 4m
Bessent: AI labs must bear responsibility for risks
Treasury Secretary Scott Bessent says hyperscalers cannot escape liability for AI safety failures, rejecting calls for government protection.
Fortune · 1m
US and China plan AI hotline, but details remain unclear
Trump and Xi prepare to meet as the US proposes an AI notification system modelled on Cold War diplomacy, though officials say finalizing it will take weeks.
WIRED · 2m
U.S. and China propose AI safety alert system
The two AI superpowers are laying groundwork for Trump and Xi's White House meeting this week.
Fortune · 1m
Bessent: AI firms won't get liability shield
Treasury Secretary Scott Bessent says artificial intelligence developers must take responsibility for their own risks, rejecting calls for federal protection.
CNBC · 1m
Bessent calls China meeting 'successful' before Trump-Xi summit
U.S. and Chinese officials lay groundwork for high-stakes presidential summit with AI safeguards and trade talks.
CNBC · 1m
Trump backs diesel export ban as prices hit record highs
Donald Trump supports blocking US diesel exports to fight soaring energy costs, but industry warns the plan could backfire and raise gas prices instead.
the Guardian · 1m · 5 views
US and China start talking about AI safety alerts
The two superpowers are negotiating a system to warn each other about dangerous artificial intelligence incidents.
WIRED · 1m
US and China plot AI safety talks before Trump-Xi summit
Treasury Secretary Scott Bessent says the world's top two AI powers are discussing a notification system for security incidents.
BBC News · 1m
Trump's AI race obsession may backfire with China
US-China talks on AI safety risk becoming theater if they ignore real risks and focus on winning a nonexistent race.
Ars Technica · 3m
Iran sanctions could spark U.S.-China trade war
Treasury's economic campaign against Iran threatens to rupture fragile U.S.-China relations just as leaders prepare to negotiate.
Foreign Policy · 3m
How to make the U.S.-China AI race less dangerous
Instead of sweeping restrictions, the U.S. and China should focus on practical safety measures and crisis communication to prevent AI incidents from spiraling into conflict.
TIME · 2m
US and China may discuss AI safety risks
Treasury Secretary Bessent signals openness to talks with China on artificial intelligence risks as tech leaders debate slowing AI development.
Pymnts · 1m
US and China explore AI safety talks
Treasury Secretary Bessent proposes a notification system for AI incidents as Trump prepares to meet Xi.
NBC News · 1m
Bond yields surge, but Fed unlikely to step in
Treasury Secretary Bessent is struggling to control rising bond yields, but the Federal Reserve is expected to resist pressure to buy government debt.
Yahoo Finance · 1m
Will the Fed hike rates or hold steady?
Kevin Warsh faces a puzzle: is America's hot economy overheating or just dealing with temporary supply shocks?
Fortune · 1m
USD/JPY tests its five-year line
USD/JPY is sitting near a major support zone as Fed and BoJ decisions put yen policy back in focus.
TradingView · 1m
Bessent pressed on Trump’s $5,000 checks
Lawmakers questioned how the Trump administration would fund proposed dividend checks without adding to federal debt.
Valleynewslive · 1m
Treasury weighs looser AML thresholds for banks
Treasury may ease old bank reporting rules by giving banks credit for customers they already know well.
Pymnts · 1m
BOJ seen lifting rates to 1.25%
Economists expect Japan’s central bank to speed up rate hikes as inflation, wages and U.S. pressure reshape the call.
CNBC · 1m
Bessent vs the bond market
The Treasury Secretary is buying bonds and mocking his critics, but yields keep climbing anyway.
Yahoo Finance · 1m