U.S. Treasury Secretary Benson confirms that Paras Malik is leading the AI development team at the Treasury.

Mr. Benson stated that the trade agreement is essentially finalized, with tariff revenue in 2026 expected to exceed $300 billion.

MAIN CONTENT

  • Paras Malik leads the AI project at the U.S. Department of the Treasury.

  • The trade agreement is fundamentally completed.

  • Tariff revenue forecast for 2026 exceeds $300 billion.

U.S. Treasury Secretary confirms who is responsible for AI development at the Treasury?

Paras Malik has been confirmed by U.S. Treasury Secretary Benson as the leader of AI efforts in the Department.

Paras Malik plays a key leadership role in integrating AI, helping to optimize processes and financial analysis at the U.S. Department of the Treasury. Malik's expert leadership contributes to enhancing efficiency and accuracy in public financial management.

How has the current trade agreement progressed?

Minister Benson announced that the trade agreement is in the final stages, indicating a high level of consensus among stakeholders.

The conclusion of negotiations lays the groundwork for subsequent collaboration steps, helping to ease trade barriers and promote the flow of goods and services between nations.

What is the forecast for tariff revenue in 2026?

According to Treasury Secretary Benson, tariff revenue in 2026 could exceed the $300 billion mark.

This figure reflects the potential for economic stability and development from current trade policies, while also reflecting the positive impact of the signed agreement on the national budget.

Paras Malik plays a key role in the development and application of AI at the Treasury, aiming to enhance forecasting capabilities and improve financial management efficiency.

Mr. Benson, U.S. Treasury Secretary, spoke on August 7, 2024.

The completion of the trade agreement will contribute to increasing tariff revenue to over $300 billion by 2026, providing solid financial resources for the government.

Treasury Secretary Benson, at a press conference on August 7, 2024.

Frequently Asked Questions

Who is Paras Malik and what is his role at the U.S. Department of the Treasury?

Paras Malik leads AI projects at the Treasury, responsible for developing and applying artificial intelligence to increase financial management efficiency.

What does the recently completed trade agreement mean?

This agreement establishes a stable cooperation mechanism, reduces trade barriers, and facilitates the promotion of national tariff revenue.

What is the expected tariff revenue in 2026?

Tariff revenue is forecasted to exceed $300 billion, contributing to a sustainable increase in budget revenue.

Why is AI important in financial management?

AI helps analyze data quickly, supports accurate forecasting, thereby enhancing the financial operation efficiency of the Department.

Where can the official statements of Mr. Benson be viewed?

The statements were officially released by the U.S. Department of the Treasury at the press conference on August 7, 2024.

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