Treasury Secretary Bessent Throws Lutnick's Commerce Department Under The Bus As Nvidia's China Scandal Grows: 'Commerce Has The Pen'
247wallst.com's article reports that Treasury Secretary Scott Bessent used a November 13, 2026 CNBC interview to blame Commerce Secretary Howard Lutnick's department for the months-long delay in blacklisting Megaspeed, a Singapore firm suspected of routing billions in Nvidia chips to China, saying other agencies favored the move but Commerce has the pen. The piece also notes Jensen Huang's resignation as Nvidia's CEO, Nvidia's stock falling 3.3% that day, and Senate Banking Committee hearings set for Huang on December 3 and Lutnick on December 10.
