U.S. Treasury Secretary expected to lead talks with China on artificial intelligence; announced decision to shelve Harriet Tubman twenty dollar bill plan.
… Kratsios’ allegations come just a day after Treasury Secretary Scott Bessent said on Tuesday the US would examine whether Chinese AI models have stolen the capabilities from American rivals. …
… The September talks, reported by Reuters for the first time on Tuesday, would be led on the U.S. side by Treasury Secretary Scott Bessent, four of the sources said. …
… Rubio – named as one of the defendants alongside Trump and top officials Todd Blanche and Scott Bessent – claimed the court threatened America’s political and legal system. …
… Treasury Department is no longer planning to put anti-slavery crusader Harriet Tubman on a $20 bill; Treasury Secretary Scott Bessent has told Spectrum News. …
… Last week, Treasury Secretary Scott Bessent confirmed that his department was also working on a special $250 note with Trump’s face – although putting a living president on currency would require congressional approval. …
… US Treasury Secretary Scott Bessent, who had been leading trade talks for Washington, said in a pre-recorded interview with CNBC that he expected progress on a mechanism to support future investment too. …
… US Treasury Secretary Scott Bessent said he expected “large Boeing orders” to be announced during the visit, alongside broader Chinese purchases of US energy and agricultural goods. …
… Treasury Secretary Scott Bessent said his agency would “relentlessly target the regime’s ability to generate, move and repatriate funds, and pursue anyone enabling Tehran’s attempts to evade sanctions”. …
A White House science and technology adviser has accused China's Moonshot AI of carrying out a "large-scale" effort to steal capabilities from top US AI models, including Anthropic's Fable AI, through a process known as distillation. The adviser also alleged that Moonshot gained access to restricted Nvidia servers to train its models.
A White House science and technology adviser has accused China's Moonshot AI of carrying out a "large-scale" effort to steal capabilities from top US AI models, including Anthropic's Fable AI, through a process known as distillation. The adviser also alleged that Moonshot gained access to restricted Nvidia servers to train its models.
The United States and China will hold talks over artificial intelligence in September to address risks from each other's increasingly powerful frontier models, five sources told Reuters. The talks, an outcome of the Trump-Xi summit in May, are expected to take place before Chinese President Xi Jinping's planned September 24 visit to the U.S., and will likely be led by U.S. Treasury Secretary Scott Bessent.
Two US-based advocacy groups are suing the Trump administration, arguing that sanctions imposed against the International Criminal Court and Palestinian human rights groups violate free speech rights by suppressing pro-Palestinian advocacy. The groups say the February 2025 executive order illegally "police the political expression of millions of Americans," while Washington defends the sanctions as necessary to protect American citizens and allies.
US President Donald Trump threatened to cut trade ties with Spain and reiterated his desire for the US to take over Greenland during a NATO summit in Ankara, citing Spain's refusal to assist with operations against Iran. Spain's government responded that it considers Trump's statements routine and intends to maintain its relations with the US.
The U.S. Treasury Department is no longer planning to put Harriet Tubman on the $20 bill, Treasury Secretary Scott Bessent told Spectrum News, reversing the Obama administration's 2016 announcement that Tubman would replace Andrew Jackson on the currency.
Donald Trump instructed his representatives to explore making him the featured attraction at a planned 16-day "Great American State Fair" celebration on the National Mall, after several musical acts withdrew from or never committed to the independence anniversary concerts. Trump said he did not want "artists" who were unhappy and got paid too much, preferring instead to be surrounded by happy, successful people.
The UK government has relaxed sanctions on Russian oil refined into diesel and jet fuel in third countries, effective Wednesday, citing growing supply concerns and rising fuel prices. The move also loosens restrictions on Russian liquefied natural gas transport, allowing imports of jet fuel from India and other refiners despite the government's stated commitment to impose severe economic pressure on Russia over its war in Ukraine.
US President Trump visited Beijing with a business delegation and said he struck "fantastic trade deals" with Chinese leader Xi Jinping, though the two-day summit produced warm rhetoric more than concrete agreements. Trump said China agreed to order 200 Boeing planes, but Beijing did not confirm major purchases.
US President Donald Trump and Chinese President Xi Jinping held talks for over two hours in Beijing, with the White House calling the meeting "highly productive," though no sweeping trade breakthrough or major business agreements emerged. Xi warned that if US-China relations are mishandled, the two nations could collide or come into conflict.
The US Office of Foreign Assets Control has warned that shipping companies could face sanctions if they pay Iran for safe passage through the Strait of Hormuz, cautioning that payments could take multiple forms including cash, digital assets, or in-kind transfers. Iran, which has severely limited traffic through the strait since February, says it has begun collecting tolls from ships navigating the waterway.
The US Treasury imposed sanctions on former Democratic Republic of Congo President Joseph Kabila for providing financial support to Rwanda-backed M23 rebels and their political-military arm, the Congo River Alliance, which have fueled violent conflict and displacement in eastern DRC. Kabila also encouraged DRC troops to defect to rebel forces and backed a candidate opposed to the current leader in an attempt to regain influence.