Scott Bessent Throws Howard Lutnick Under the Bus

“Treasury Secretary Scott Bessent blamed the Commerce Department on Friday for failing to restrict Megaspeed, a Nvidia customer and the company at the heart of former Nvidia CEO Jensen Huang’s spy-sex scandal, from exporting chips,” the Washington Post reports.

“Officials at the Treasury Department, the Pentagon and the State Department wanted to put restrictions on Megaspeed for months, ‘but Commerce has the pen,’ and did not add the company to the export control list, Bessent said on CNBC’s ‘Squawk Box.'”

Said Bessent: “You will have to have to ask them about their internal processes.”