The Trump administration is pushing legal liability, rather than new regulation, as its approach to AI safety, with Treasury Secretary Scott Bessent and former White House AI czar David Sacks backing …
The U.S. and China are weighing an emergency AI "red phone" hotline ahead of President Trump's Thursday meeting with Xi Jinping in Washington, with Treasury Secretary Scott Bessent pitching Chinese of…
Treasury Secretary Scott Bessent said Sunday the U.S. is proposing a notification system with China on AI, called the "U.S.-China AI dialogue," to give the two countries a mechanism to communicate abo…
Democratic Rep. Stephen Lynch (Mass.) on Tuesday urged Treasury Secretary Scott Bessent to convince President Trump to reverse course on regulating artificial intelligence during Bessent's appearance …
Rep. Maxine Waters (D-Calif.) challenged Treasury Secretary Scott Bessent during a House Financial Services Committee hearing on Tuesday over the Trump administration's artificial intelligence policy,…
Rep. Stephen F. Lynch (D-MA) urged Treasury Secretary Scott Bessent during a July 14, 2026 House Financial Services Committee hearing to use Treasury's resources to investigate the existential risks o…
The Chinese Ministry of Commerce (MOFCOM) responded to a US distillation advisory, as expectations remain low for US-China AI discussions around Xi Jinping's upcoming summit with Donald Trump. Politic…
The Trump administration proposed a rule on Thursday that would strip private schools and colleges of their tax-exempt status if they provide targeted help to students based on race, affecting up to 1…
The Treasury Department's Aug. 19 bond market intervention plan, which includes at least doubling buybacks of long-term bonds, highlights concerns that financial markets may struggle to digest bloated…
The U.S. Defense Department denied on Monday that it had struck Iran's Kharg Island petroleum export facility after President Donald Trump posted a fake, AI-generated video on Truth Social purporting …
The General Services Administration is seeking to add more device fingerprinting to Login.gov, the government's unified account manager, to combat identity fraud, according to a request for informatio…
Nvidia (NVDA) will report earnings on Wednesday, testing the resurgent AI trade after a week in which the S&P 500 fell 1.4%, the Dow lost 0.9%, and the Nasdaq shed 2%. The company faces high expectati…
The New York Times reports that a borrowing binge by the world's biggest technology companies to fund artificial intelligence growth is driving up U.S. government bond yields, which hit nearly two-dec…
The Treasury Department, led by Secretary Scott Bessent, announced on Wednesday that it will at least double its buybacks of 10-year, 20-year, and 30-year Treasury bonds starting Sept. 9 through Nov. …
The Office of the Comptroller of the Currency is targeting November for a final rule implementing the GENIUS Act, which established a federal framework for payment stablecoins, after missing the statu…
Microsoft Corp.'s federal tax expense fell from $14.1 billion to $2.5 billion year-over-year even as revenue surged, illustrating how the AI infrastructure boom is partly financed through accelerated …
House Democrats introduced the AI Tax and Work Protection Act, H.R. 10044, on August 6, proposing an excise tax on covered AI businesses to fund a federal jobs program. The bill, introduced by Reps. G…
President Donald Trump signed Executive Order 14409 in June, directing the Treasury Department, CISA, NSA, and ONCD to build Gold Eagle, a national clearinghouse for vulnerability discovery and valida…
Republican staff on the House Financial Services Committee released a July 22 report urging federal agencies, law enforcement and financial firms to deploy AI against increasingly automated fraud. It …
The Treasury Department is threatening sanctions against Chinese AI startup Moonshot for allegedly distilling Anthropic's Fable model, a technique U.S. labs use freely. The White House also claims Moo…