Lutnick agrees to testify as Bessent blames him for chip sales
According to reporting by CBS News US National, Commerce Secretary Howard Lutnick has agreed to testify before the Senate Banking Committee on Dec. 10, according to a U.S. official.
Lutnick agrees to testify as Bessent blames him for chip sales: Official reporting from the CBS News US National confirms active developments in United States. Americans in affected communities should review primary guidance and follow verified bulletins.
“Lutnick agrees to testify as Bessent blames him for chip sales: Official reporting from the CBS News US National confirms active developments in United States. Americans in affected communities should review primary guidance and follow verified bulletins.”
Key Verified Points
- •Official Issuing Wire: CBS News US National
- •Editorial Desk: United States
- •Coverage Domain: BREAKING
- •Publication Status: Verified Journalistic Dispatch
Executive Briefing
According to reporting by CBS News US National, Commerce Secretary Howard Lutnick has agreed to testify before the Senate Banking Committee on Dec. 10, according to a U.S. official.
Detailed Factual Report
Washington — Commerce Secretary Howard Lutnick has agreed to testify before the Senate Banking Committee on Dec. 10, according to a U.S. official, amid intensifying scrutiny of the Commerce Department's oversight of the export of powerful AI chips following the resignation of Nvidia CEO Jensen Huang .
A growing number of Republicans are calling on Lutnick to answer questions about the Commerce Department's apparent delay in adding Singapore-based company Megaspeed International to the U.S. government's Entity List, which would have restricted the company's ability to get access to advanced AI chips.
Megaspeed was previously led by Alice Huang, the suspected Chinese spy who had an affair with Jensen Huang. The U.S. government suspects Megaspeed of directing advanced Nvidia chips to China, circumventing a U.S. export ban.
GOP Sen. Jim Banks of Indiana, a member of the Senate Banking Committee, told Fox News on Thursday that "we know that the Department of Commerce, Secretary Lutnick, it appears, used loopholes to allow some of these chip sales to occur even though President Trump has directed his administration and the Department of Commerce not to allow that to happen."
Verified Data Points & Key Takeaways
Geographic Scope & Community Impact
Recommended Action & Safety Guidelines
Source & Verification Provenance
Information in this article was compiled directly from records provided by CBS News US National. Access the primary source document at: https://www.cbsnews.com/news/howard-lutnick-scott-bessent-nvidia-megaspeed-testimony/. Reporting and editorial review conducted by the USA NOW News Desk.
Event Timeline & Developments
Frequently Asked Questions
What are the primary facts confirmed in this report?
The CBS News US National has verified active developments in United States, as detailed in the executive briefing and key facts ledger.
Who is the official source of this information?
This bulletin was officially published by CBS News US National on 11/13/2026.
Where can I find continuous updates on this developing story?
USA NOW provides automated 24/7 monitoring of primary US government and official agency feeds, updating this report as new information is verified.
Official Government & Primary Citations
- CBS News US National — https://www.cbsnews.com/news/howard-lutnick-scott-bessent-nvidia-megaspeed-testimony/
SEC EDGAR Filings & Market Research Guide
How to read Form 10-K, 10-Q, 8-K disclosures, and track institutional Form 4 insider transactions.
Get America’s Most Critical Breaking Alerts Instantly
Subscribe to receive automated, verified bulletins on severe weather, major recalls, national airspace travel, and emergency declarations directly in your inbox.
Most Popular Across America
Top trending dispatches and verified public interest records right now
Magnitude 5.0 Earthquake Strikes Near Volcano Islands, Japan region
Verified reporting recorded across Pagan region, Northern Mariana Islands indicates that a magnitude 5.0 earthquake was registered by USGS seismographs near Pagan region, Northern Mariana Islands at a depth of 129.4 kilometers.
Gale Warning issued September 22 at 3:00AM EDT until September 25 at 12:00AM EDT by NWS Newport/Morehead City NC in North Carolina
TORDDC The National Weather Service in Dodge City has issued a * Tornado Warning for... Central Pawnee County in south central Kansas... * Until 345 PM CDT. * At 320 PM CDT, a severe thunderstorm capable of producing a tornado was located.
Trump to headline "Golden Age" event with top officials, tech executives
President Trump is slated to speak on Tuesday in Washington at an event that features Elon Musk, Jensen Huang and others, according to invitation materials reviewed by CBS News.
This week on "Sunday Morning" (Sept. 27)
A look at the features for this week's broadcast of the Emmy-winning program, hosted by Jane Pauley.
Contrasting treatment of Israel and Palestine on display at the UN
Israel’s Prime Minister addressed the UN General Assembly in person, despite having an ICC arrest warrant.
More than 100 arrested as New Yorkers protest Netanyahu’s UN visit
Demonstrators blocked streets and marched towards UN headquarters as the Israeli PM addressed world leaders at UNGA.
Related US News & Bulletins
US Treasury warns against rate hikes during US-Iran war energy ‘shock’
According to reporting by Al Jazeera International, Despite Treasury's Scott Bessent's remarks, financial tracker CME Fed Watch forecasts rate hike in December likely.
businessDoes Europe regret its bet on U.S. defense?
According to reporting by NPR Business & Economy, Europe bet big on American defense technology and they're now paying the price. Years-long backlogs are underway due to production delays and the U.S. own military needs.
technologyGemini Astronaut Photos Inspired Early Earth Observation Program
According to reporting by NASA Space & Missions, Astronauts James A. Lovell Jr. and Edwin E. “Buzz” Aldrin Jr. orbited Earth from November 11 to 15, 1966, on Gemini XII, the final mission of NASA’s Gemini program. In addition to successfully completing rendezvous maneuvers and spacewalks, procedures vital.
worldTruck and bus crash in India’s Assam state kills at least 24 people
According to reporting by Al Jazeera International, Several children and the bus driver were among those killed, officials said, with the death toll expected to rise.