Bessent puts Megaspeed heat on Lutnick: "Commerce has the pen"
Axios reports that Treasury Secretary Scott Bessent said in a Friday interview that his department and others agreed on placing Megaspeed on a special list of companies posing national security concerns, but that the Commerce Department "has the pen." According to Axios, Bessent did not deny reports of tension between him and Commerce Secretary Howard Lutnick, who has come under scrutiny for inaction over Megaspeed. Axios notes the Singapore tech company has been accused of illegally diverting U.S. chips to China.
Based on Axios's report - only one outlet has covered this so far. Read the original.Coverage 1 source · 1 report
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Bessent puts Megaspeed heat on Lutnick: "Commerce has the pen"
Treasury Secretary Scott Bessent said in a Friday interview that while his department and others agreed on placing Megaspeed on a special list of companies that pose national security concerns, the Commerce Department "has the pen." Why it matters: Bessent didn't deny reports of tension between him and Commerce Secretary Howard Lutnick , who has come under scrutiny for his inaction over Megaspeed. The Singapore tech company has been accused of illegally diverting U.S. chips to China, and former
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