EconomyBessent meets China’s He Lifeng ahead of Trump-Xi summit
Scott Bessent and Chinese Vice Premier He Lifeng are discussing trade, artificial intelligence and critical minerals ahead of the Sept. 24 summit between Donald Trump and Xi Jinping.

United States Secretary of the Treasury
United States Secretary of the Treasury (2025–)
| Born | 1962-08-21 · Conway, South Carolina |
|---|---|
| Party | Republican |
| Offices |
|
| Education | Yale University (BA) |
Portrait: United States Department of the Treasury · Public domain · Wikimedia Commons
What this person said on the record, as reported, newest first.

U.S. Treasury Secretary Scott Bessent said the United States and China should recognize their differences over artificial intelligence while exploring cooperation to reduce its risks and competing for AI supremacy.
R
Reuters

Bessent said the United States and China should have no illusions as they both cooperate and compete on AI. During Xi’s September visit, Washington and Beijing agreed to start an AI dialogue and establish a communications channel to help defuse serious incidents.
C
CNBC

The United States and China should recognize their differences on artificial intelligence while exploring cooperation to reduce the technology’s risks and competing for AI supremacy, Treasury Secretary Scott Bessent said Tuesday.
R
Reuters

Treasury Secretary Scott Bessent holds a press conference for a fraud task force in St. Cloud, Minnesota.
TThe White House

Speaking at Ripple’s conference, U.S. Treasury Secretary Scott Bessent said crypto could help preserve the dollar’s leading position. He said SEC and CFTC action may fill the gap left by the Clarity Act’s failure while curbing crypto debanking.
CCoinDesk

Bessent cautioned Zelenskyy over allegations that the U.S. is slowing Starlink. The high-speed satellite internet service, provided by Elon Musk’s SpaceX, is critical to Ukraine’s defense.
C
CNBC

Treasury Secretary Scott Bessent defended the Trump administration’s policies on Meet the Press after the president waived a sweeping Russia sanctions law and struck a diesel deal with Russian President Vladimir Putin.
N
NBC News

In an exclusive Meet the Press interview, Treasury Secretary Scott Bessent does not definitively say whether Ukraine is a U.S. ally. His remarks follow Ukrainian President Zelenskyy’s claim that the U.S. government slowed Starlink, a critical satellite network Ukraine uses for defense.
N
NBC News

In an exclusive interview with Meet the Press, Treasury Secretary Scott Bessent said an “energy supply shock” caused by the war in Iran is straining the U.S. economy and predicted that prices will come down afterward.
N
NBC News

US Treasury Secretary Scott Bessent laid out a lengthy set of demands for the World Bank aligned with the Trump administration’s interests. They include lifting its ban on financing upstream oil and gas projects, directing resources toward deep-sea critical-mineral mining and changing procurement policies.
R
Reuters
Reports that mention this person, by story.
Scott Bessent and Chinese Vice Premier He Lifeng are discussing trade, artificial intelligence and critical minerals ahead of the Sept. 24 summit between Donald Trump and Xi Jinping.

Bloomberg News Now’s audio report highlights the day’s top stories, including Trump’s statement that he will name an AI czar and a Sunday meeting involving Bessent.
U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are due to meet on Sunday to lay the groundwork for possible agreements on artificial intelligence, tariffs and critical minerals ahead of a high-stakes Washington summit between Donald Trump and Xi Jinping this week.
Bloomberg reports that Trump will name an AI czar and that Bessent and Trump are set to meet in New York, alongside other top stories of the day.
US Treasury Secretary Scott Bessent will meet Vice Premier He Lifeng on Sunday at JPMorgan Chase headquarters in New York, a person familiar with the planning said. The talks are expected to cover AI security, trade and other economic matters.
A person familiar with Scott Bessent’s plans said the US Treasury secretary intends to meet China’s Vice Premier He Lifeng in New York this weekend. The planned discussion would cover artificial intelligence, trade, rare earths and economic matters.
Treasury Secretary Scott Bessent is set to meet his Chinese counterpart, He Lifeng, ahead of a summit between President Donald Trump and Xi Jinping.

Markets can run into trouble when they become excessively stretched, even without fraud.
The program examines the Bank of Japan’s rate increase at its fastest pace since 1990, along with debate over policy normalization and the wider economic discussion involving Bessent.

The Bank of Japan is poised for a pivotal rate hike following pressure from Bessent.