U.S. · TECHNOLOGY · NOV 13, 12:06 PM ET

Bessent: Treasury pushed to blacklist Megaspeed, but ‘Commerce has the pen’

Reported by 21 outlets in the past day, including The Hill, CNBC, CBS News.

1What happened

Treasury Secretary Scott Bessent is pointing the finger at Commerce Secretary Howard Lutnick over the Trump administration’s failure to place Nvidia customer Megaspeed on a U.S. trade blacklist for national security concerns. The Hill ↗

2Compared to what

America’s great building booms, compared

At an estimated 3.6% of the economy a year, the AI build-out is larger than the railroad boom and more than three times the highway program. AI spending is an estimate. Source: Stijn Van Nieuwerburgh, as reported by The Wall Street Journal, Sept. 23, 2026

3Why it reaches you

U.S. national debt: $40.58 trillion (+$487 billion since Sep 29)

4Also reported

Jensen Huang resigned as Nvidia CEO days after admitting to an affair following scrutiny of his relationship with a woman reportedly deemed a Chinese spy. CNBC ↗