Treasury Secretary Scott Bessent announced that Iranian airlines will face a global shutdown through secondary sanctions on foreign aviation service providers, threatening to cut off fuel and services at airports worldwide.
Treasury Secretary Scott Bessent announced the US has proposed a new AI safety notification system with China for incidents threatening national security, ahead of President Xi Jinping's visit to Washington this week.
US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are set to meet Sunday to negotiate potential agreements on AI, tariffs, and critical minerals ahead of a high-stakes Washington summit.
Treasury Secretary Scott Bessent said China prevented the G20 from issuing a joint statement after finance ministers' meeting, citing disagreement over China's massive trade surplus and 'cheap exports' flooding global markets.
U.S. Treasury Secretary Scott Bessent and Russian Finance Minister Anton Siluanov met on the sidelines of a Group of 20 gathering in North Carolina, marking the first time Siluanov traveled to the U.S. since Russia's invasion of Ukraine and Russia's first G20 participation since 2022.
Treasury Secretary Scott Bessent announced the U.S. will roll out what he called unprecedented economic measures against Iran next week, intensifying the Trump administration's effort to force Tehran's capitulation as military operations continue.
US Treasury Secretary Scott Bessent indicated a deal between the US and Iran over control of the Strait of Hormuz could come as soon as Tuesday, causing oil prices to drop. President Trump later said talks are Iran's 'last chance' before potential strikes, though Iran denied negotiations were ongoing.
White House official Michael Kratsios claimed Moonshot accessed restricted Nvidia GB300 processors in Thailand and distilled its Kimi K3 model from Anthropic's Fable. Treasury Secretary Scott Bessent said sanctions remain on the table against Chinese AI companies over alleged IP theft.
Treasury Secretary Scott Bessent announced wallet seizures targeting Iranian actors, but blockchain analysis suggests the wallets' characteristics may indicate other state actors instead of Tehran.
