Janet Yellen says she 'misspoke' on ElonMusk national security review
Yellen downplayed the prospect of a government review of Musk's Twitter acquisition, contending earlier in the month during a CBS interview she saw"no basis" for one, but during an event hosted by the New York Times on Wednesday, Yellen reversed course, claiming she “misspoke.”“I’m not going to say specifically what we are looking at,” Yellen added, according to Bloomberg. “We don’t comment on what’s in progress.
Saudi Prince Alwaleed bin Talal alongside his Kingdom Holding Company was the second largest investor in Twitter following the $44 billion takeover, Politico reported. Additionally, Musk has heavy investments in China for the production and sales of his Tesla electric cars. As treasury secretary, Yellen leads the Committee on Foreign Investment in the United States, which studies foreign investment. Initially, Yellen downplayed those concerns when pressed by a CBS correspondent who was piggybacking off Biden's remarks in favor of investigating Musk's ties to foreign investors.
Now, she is keeping the door open, insisting if there are risks, “it would be appropriate for CIFUS to take a look,” reports said.
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