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Jacquelyn Martin / AP

Testifying before the House Ways and Means Committee Wednesday, U.S. Treasury Secretary Steve Mnuchin said he is "fully aware" artificial intelligence will impact jobs, walking back his statement at an Axios event in March that AI won't supplant human jobs for 50-100 more years, which was contrary to most predictions.

Mnuchin then: "[I]t's not even on our radar screen...50-100 more years" away. "I'm not worried at all" about robots displacing humans in the near future.

Mnuchin now: "When I made the comment on artificial intelligence — and there's different views on artificial intelligence — I was referring to kind of like R2D2 in Star Wars. Robotics are here. Self-driving cars are something that are gonna be here soon. I am fully aware of and agree that technology is changing and our workers do need to be prepared."

Go deeper

5 hours ago - Politics & Policy

Rahm Emanuel floated for Transportation secretary

Rahm Emanuel. Photo: Joshua Lott for The Washington Post via Getty Images

President-elect Biden is strongly considering Rahm Emanuel to run the Department of Transportation, weighing the former Chicago mayor’s experience on infrastructure spending against concerns from progressives over his policing record.

Why it matters: The DOT could effectively become the new Commerce Department, as infrastructure spending, smart cities construction and the rollout of drone-delivery programs take on increasing economic weight.

5 hours ago - Politics & Policy

Biden turns to experienced hands for White House economic team

Illustration: Sarah Grillo/Axios

Joe Biden plans to announce Cecilia Rouse and Brian Deese as part of his economic team and Neera Tanden to head the Office of Management and Budget, sources tell Axios.

Why it matters: These are experienced hands. Unveiling a diverse group of advisers also may draw attention away from a selection of Deese to run the National Economic Council. Some progressives have criticized his work at BlackRock, the world's largest asset management firm.

Biden taps former Obama communications director for press secretary

Photo: Mark Makela/Getty Images

Jen Psaki, who previously served as Obama's communications director, will serve as President-elect Joe Biden's press secretary, the transition team announced Sunday.

The big picture: All of the top aides in Biden's communication staff will be women, per the Washington Post, which first reported Psaki's appointment.