Bessent Grilled on AI, Bond Market in Tense House Hearing: 3 Takeaways

'Two years of Trump and still blaming Biden?’: Torres unloads on Bessent over wages, inflation & AI

A heated exchange erupted during a congressional hearing as Rep. Ritchie Torres pressed Treasury Secretary Scott Bessent on AI safety, wage growth, the K-shaped economy and the administration’s repeated references to the Biden administration.

Scott Bessent urges US push for more open AI models

Treasury Secretary Scott Bessent is urging the United States to develop more open artificial intelligence models, arguing that wider access is essential to preserve innovation and strengthen the country's technological position against China. Testifying before the House Financial Services Committee, Bessent warned against allowing the largest AI laboratories to dominate both the technology and the rules surrounding it. “One of the things I would…

Scott Bessent should stop blaming the bond market

It is working just fine; his interventions, less so

Bessent grilled on AI, bond market in tense House hearing: 3 takeaways

Treasury Secretary Scott Bessent faced lawmakers on the House Financial Services Committee on Tuesday, amid concerns over rapidly developing artificial intelligence (AI) and surging bond yields. During the nearly three-hour-long hearing, Bessent brushed off concerns about AI and defended his department’s intervention in the bond market. But that did not stop Democrats on the panel from taking him to task on...

Democrats grill Scott Bessent on bond yields and energy costs

Treasury Secretary Scott Bessent faced pointed criticism from House Democrats on Tuesday over rising bond yields and surging energy prices, as lawmakers used an International Monetary Fund oversight hearing before the House Financial Services Committee to air partisan grievances weeks before the…