I’m the banking reporter for The Associated Press. I was a @Bagehot fellow at @Columbia from 2024-2025. I am writing a book.

New York
Joined October 2008
I hope The Atlantic will allow his guinea pigs to roam free around the office
some news: after 12 years and a lot of bylines, im leaving The Times it is bittersweet. i will miss my colleagues and am proud of the work we did together. im joining The Atlantic in December to cover Silicon Valley for the magazine! could not be more thrilled to get started
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First with @AP: Crypto PAC Fairshake is backing a bipartisan slate of House candidates in the midterms, with several members in tough races getting $1 million each. It comes after the group committed $30 million to defeat Democrat Sherrod Brown in Ohio. apnews.com/article/crypto-mi…
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Ken Sweet retweeted
Agents from OpenAI that were given data gathering tasks attempted to hack a Department of Education website and meddled with other gov't websites, new disclosures that are emerging as OpenAI continues an investigation into what its agents did this summer nytimes.com/2026/09/25/techn…
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Ken Sweet retweeted
Nice scoop here with @kjspeakstruth: Polymarket's bets on individual bank failures are raising eyebrows in DC. Some worry these markets could grow & fuel a real-world bank run. FDIC officials also wondered if internal ethics rules strong enuf. bloomberg.com/news/articles/…
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I completely trust furries to run our air traffic control systems since much of them are already keeping your IT infrastructure up and running.
Tommy Tuberville: Many airline pilots, flight attendants, and air traffic controllers are part of the furry community. It's terrifying.
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Crypto weighs revenge against Democrats — and the risks that come with it dlvr.it/TVcJJ4
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—>
Replying to @brianstelter
The AP said in a statement, “In solidarity with news organizations who have had their access to the White House restricted, AP joined a group of news outlets in not publishing photographs of today's presidential events. No news organization — or person — should be retaliated against by the government over the words they use.”
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👏 📷
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The collapse of the Clarity Act marked a spectacular choke by an industry that had just recently begun reveling in its new lobbying clout, with President Trump in its corner.  With @dgtokar and @Vlajournaliste wsj.com/finance/currencies/c…
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Ken Sweet retweeted
The Associated Press today issued the following statement:
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WASHINGTON (AP) — Trump says he is banning CNN, MSNOW and Politico from White House over their coverage, in latest test to 1st Amendment.
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IRS out today with a clear warning against promoters selling "tribal tax credits." "These federal tax credits do not exist, and taxpayers who claim them may face civil and criminal penalties." Our story from last year: wsj.com/us-news/law/a-tax-st…
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“.. It’s the first junk-bond offering tied to a Meta data center, according to data compiled by Bloomberg.” @business $CLSK bloomberg.com/news/articles/…
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Scoop: Former DOGE operatives are building an AI chatbot meant to help Americans do things like get a passport or file taxes. If that last one sounds familiar: yes, this comes after the Trump admin killed a govt tax filing service, Direct File, last year. washingtonsun.com/trump-whit…
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Something telling about the crypto industry’s big ask collapsing because the sector became so associated with trump making money from the presidency
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Tonight, I wrote about the structural process problems that dragged down the Clarity Act for months. Republicans never agreed to a bipartisan drafting process for the Clarity Act. They probably should have, esp as they lost control of GOP bank allies. Democrats had leverage.
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Zuckerberg weighs in on the safety debate reading btwn lines here: throwing some shade at Anthropic for going full speed ahead at Recursive Self Improvement training, alignment safety issues and calls for more diverse embedded evaluators (per the METR discussions lately)
Last month I wrote about how we can build a positive and safe future for everyone: meta.com/thefutureisforevery… Every lab has the responsibility and incentive to move at the pace required to train its models safely, and the ability to take its own actions to ensure that happens. The reality is: - People won't want to use agents that are misaligned with them and that don't do what they ask, so labs have a strong natural incentive to make their models more aligned. There is a lot of debate about slowing progress on capabilities until alignment catches up. My view is that trust and alignment are quickly becoming the most important capabilities that will differentiate agents and models. Any lab that doesn't focus on alignment will fall behind. - Labs face significant liability if their models cause harm, so they have a strong incentive to prevent this as well. Meta delayed shipping Muse for several months to focus on safety and security. We didn't call for everyone else to do this before we would. We just did it as part of our day-to-day work because it was clearly the right thing for people and for us. I'm proud of the security foundations we've built. - Engaging independent evaluators and advisors is industry best practice. MSL already does this today in several areas because it helps produce better work. Other labs can just do this too. In general, it would be helpful for there to be a larger and more diverse ecosystem of evaluators. - Committing the significant majority of compute towards serving people rather than racing towards recursive self-improvement is one of the best ways to ensure we develop this technology safely. Meta has made this commitment and other labs can do this as well. I believe the key to building a positive future for everyone is maintaining the right balance of power. This is within our power to do.
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I wonder how many lending facilities or munis were issued to build these and if more moratoriums are put into place, how they will be paid for.
WELLS: “.. Over the last 3 months, active data center moratoriums rose 175% nationally, and we expect the momentum to continue, especially amid frontier labs voicing concerns around security.”
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