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IMF chief Kristalina Georgieva said Bessent’s reliance on growth won’t cut the U.S. deficit and $40 trillion debt fast enough, calling for fiscal consolidation.
President Donald Trump said Treasury Secretary Bessent doesn't want to be what the president is calling the "Super Intelligence czar."
"We want a shared vision of common objectives and common threats," said Treasury Secretary Scott Bessent
The United States proposed to China on Sunday the creation of a "mechanism" of dialogue on artificial intelligence. The two powers could exchange notifications "in case of incidents, if something happened that was a matter of national security," explained US Finance Minister Scott Bessent.
US Treasury chief Scott Bessent said there had been "successful" talks with China on trade and AI. The talks come amid growing fears that AI could pose an existential threat to humanity.
Scott Bessent and He Lifeng meet in New York for US-China talks ahead of the Trump-Xi meeting later this week.
Treasury Secretary Scott Bessent said his meeting with Chinese Vice Premier He Lifeng was "successful" ahead of the Sept. 24 Trump-Xi summit.
