U.S. Treasury Says Bond Buyback Intervention Was Successful, Discusses AI Liability and Japan Intervention

The U.S. Treasury said its bond buyback intervention was successful and that a funding offset plan for $5,000 checks is moving forward. According to Odaily, it also said it would meet House Speaker Johnson if congressional authorization is clearly needed, and urged lawmakers not to exempt artificial intelligence companies from liability. The Treasury said AI policy must address both innovation and safety, and that companies should not receive a blank check on liability. It also said it is engaged in ongoing discussions about Japan intervention, used a notional amount in yen intervention, and earned tens of millions of dollars from that intervention. The Treasury added that it previously earned tens of millions of dollars from aid provided to Argentina.