Treasury Secretary Scott Bessent says Treasury, War, State and USTR pushed for months to put Nvidia's Singapore customer on the entity list - 'but Commerce has the pen' - as Lutnick agrees to testify on 10 December and White House aides weigh his firing.

US officials had Huang's name unmasked from spring intercepts and Rubio circulated a memo on the affair to a handful of seniors - yet CIA and ODNI officials say the intelligence does not prove Alice Huang spied, and the Attorney General has reached no conclusion.

The Fed's twice-yearly stability survey put AI far ahead of every other danger - the next worry, a risk-asset correction, drew 52% - flagging stretched equity valuations, complex AI-related financing, and cyber damage caused by frontier models themselves.