OpenAI says it needs ‘more capital than we’d imagined’ as it lays out for-profit plan

Musk’s work leading DOGE, President Donald Trump’s initiative to slash federal agencies and their resources, is coming to a formal end.

Treasury Secretary Bessent did not answer when CNBC asked if Trump’s announcement was “premeditated,” or whether the Cabinet secretary knew about it in advance.

The trade pact reached over the weekend represents another stage in the U.S. shaking its reliance on Chinese products, the Treasury chief said.