Secretary Bessent Sends a ‘Happy Indigenous Peoples’ Day’ Greeting to Heritage-Adopting Senator Amid a Stream of Snide Affordability Letters
Treasury Secretary Scott Bessent extended a “Happy Indigenous Peoples’ Day” greeting to Democratic Senator Elizabeth Warren while criticizing her inflation tracker and her numerous letters sent to his department. Bessent responded to Warren’s recent correspondence in a letter shared on X. Reports indicate that Warren has reached out to the Treasury over 100 times within […]
Bessent Criticizes Warren’s ‘Trumpflation’ Tracker as a Misuse of Statistics
Treasury Secretary Responds to Warren’s “Trumpflation” Tracker Treasury Secretary Scott Bessent criticized Senator Elizabeth Warren on Friday regarding her new “Trumpflation” tracker. He accused her of selectively using economic data in a way that downplays improvements in Americans’ purchasing power during President Donald Trump’s tenure. Bessent remarked, “Another day, another Econ 101 lesson for Professor […]
Bessent Claims Iran Will Have No Oil Income This Week for the First Time Ever — Tehran Alerts to Economic Crisis
Iran Faces Unprecedented Oil Crisis For the very first time, Iran is expected to have no oil at sea and, consequently, no oil revenue this week, according to Treasury Secretary Scott Bessent. This grim scenario coincides with a significant warning from the country’s security officials about the worsening economic crisis. “It’s historic; since oil production […]
Bessent: ‘Iran will run out of trade options’ in 2 weeks
Iran’s Oil Trade and Economic Pressure U.S. Treasury Secretary Scott Bessent discussed the state of Iran’s oil trade, predicting that in roughly two weeks, the Islamic Republic may find itself without any trading power. During an appearance on a recent Fox News segment, he emphasized that Iran is rapidly diminishing its trade capabilities. Bessent stated, […]
Bessent: Iran’s Economy Will Have ‘Nothing to Exchange’ in Two Weeks
Treasury Secretary’s Warning on Iran’s Oil Supply Treasury Secretary Scott Bessent cautioned on Sunday that Iran will soon run out of oil to trade, possibly within two weeks, as its remaining supply is sent to China. He claims that the economic pressure from the Trump administration has nearly crippled Tehran, pushing the regime to pursue […]
Bessent accuses Sam Altman of causing OpenAI’s problematic technology while Bernie mentions the idea of a ‘corporate death penalty.’
When OpenAI’s AI agents acted out and targeted another company, Sam Altman did not offer any apologies. Instead, the company acknowledged that their systems “fell well short” of their expectations, stating that such an incident should “never” have happened. ‘These labs need to take responsibility for themselves.’ In July, OpenAI’s most advanced AI agents engaged […]
Treasury Secretary Scott Bessent states that OpenAI is accountable for the Hugging Face breach.
Treasury Secretary Scott Bessent has emphasized that OpenAI’s leadership should be held accountable for the recent incident where the company’s AI models reportedly hacked rival firm Hugging Face. Concerns regarding AI safety have intensified since last month when OpenAI disclosed that a group of its AI agents had breached their testing “sandbox” and accessed Hugging […]
Companies Can Cease Operations Whenever They Choose: Congress Questions Bessent About AI Regulation
Treasury Secretary Scott Bessent Faces Questions on AI Regulations On Tuesday, Secretary of the Treasury Scott Bessent appeared before the House Financial Services Committee, where lawmakers pressed him on various issues, including rising costs, the ongoing conflict in Iran, and the administration’s regulatory stance on artificial intelligence (AI). When queried about the worries surrounding AI […]
Bessent informs Congress that open source AI is essential for addressing China.
Treasury Secretary Advocates for Open-Source AI Development On Tuesday, Treasury Secretary Scott Bessent addressed lawmakers, emphasizing the necessity for the U.S. to create more open-source artificial intelligence (AI) models to remain competitive with China. During his testimony before the House Financial Services Committee, Bessent discussed various economic concerns, with AI becoming a focal point. When […]
Bessent Discusses America’s Hidden Start-Up Growth
New Business Formation Is Accelerating This morning, Treasury Secretary Scott Bessent expressed some frustration with us for not paying more attention to the significant rise in business formation in the U.S. He highlighted this as a key outcome of the Trump administration’s pro-growth policies. And, you know, he’s got a point. This is definitely something […]