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Bessent puts Megaspeed heat on Lutnick: "Commerce has the pen"
Treasury Secretary Scott Bessent said in a Friday interview that while his department and others agreed on placing Megaspeed on a special list of companies that pose national security concerns, the Commerce Department "has the pen."
Driving the news: "Treasury, War, USTR, and State — they were in favor of putting Megaspeed on the entity list for months, but Commerce has the pen," Bessent said on CNBC Friday morning. - "You ... have to ask them about their internal processes," he added. - The Commerce Department did not immediately respond to Axios' request for comment. Editor's note: This is a breaking news story and will be updated.
