Treasury Secretary Scott Bessent said his department was in favor of placing restrictions on Megaspeed International for months, but Howard Lutnick’s Commerce Department didn’t act.

Treasury Secretary Scott Bessent was reportedly moved from his Washington, D.C., home to a military base due to Iranian threats on his life, per CNBC U.S. officials had concluded Iranian plotting against current and former American officials had reached a more advanced stage.

Treasury Sec. Scott Bessent has relocated to a US military base after reportedly receiving threats against his life from Iran. The NYT reports that the move followed intelligence indicating Iranian plots against American officials had reached an advanced stage. The exact severity of the threats against Bessent remains unclear. Bessent has led the US sanctions campaign against Iran since August, which is believed to have made him a potential target.

Treasury Secretary Scott Bessent hailed an improvement in US-China engagement ahead of President Donald Trump’s visit to the Asian nation next week, and said he expects further dialogue on AI models.