Bessent knocks Lutnick on Megaspeed
Lutnick, who’d initially competed for Bessent’s job, agreed this week to testify before Congress following the news of former Nvidia CEO Jensen Huang’s affair with a Megaspeed executive who is suspected of being a Chinese spy.
Commerce Secretary Scott Bessent has publicly criticized Commerce Secretary Howard Lutnick for the administration's failure to blacklist AI firm Megaspeed. Bessent stated on CNBC that Treasury has been advocating for a blacklist for months, but Commerce has been holding the pen. Lutnick, who once competed for Bessent's position, has agreed to testify before Congress following recent revelations.
The scrutiny surrounding Lutnick's job security has raised questions about his future, but many Republicans continue to publicly defend the close Trump ally. Despite the mounting pressure, a source close to the White House remains skeptical about Lutnick's prospects, questioning how many more "lives" he has left.
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