Record May budget deficit hits 207.8 billion
The US budget gap for May reached a record 207.8 billion dollars, up 41.5 percent from a year earlier, driven by calendar quirks shifting June benefit payments into May. Through eight months the deficit stands at 738.6 billion, with forecasts above 1 trillion for the year. Inflation remains muted with CPI up 0.1 percent in May.
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Washington
Treasury Department
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Congressional Budget Office
CBO
U.S
Labor Department
Federal Reserve
Trump tariffs strain business groups in Republican Party
Trump’s aggressive use of tariffs unsettles corporate allies as he threatens Mexican duties to curb migration. After a tentative truce, he again signals sanctions if Mexico fails to meet commitments, prompting business groups to reevaluate support amid a shifting political climate.
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America
Trump
United States
Mexico
Rick Tyler
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Jeff Schwager
Sartori
Myron Brilliant
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CNBC
Congress
Uber tests drone food delivery in San Diego
Uber Eats pilots drone food delivery with McDonald’s in San Diego and aims to expand to other restaurants. Drones load meals at the restaurant, fly to a drop site, then Uber Eats drivers deliver to customers. The plan includes landing drones on parked vehicles for final delivery and aligns with FAA safety rules. Uber also announced a Volvo Cars autonomous XC90 collaboration for production self driving cars.
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San Diego
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Volvo
Tech leads stock slump across markets as trade fears deepen
U S tech shares fell amid trade tension concerns and a possible Fed rate cut, with the Nasdaq 100 dropping most in a week while oil and gold moves reflect risk appetite. Trump delay on a China deal sparked renewed uncertainty, restraining optimism as major indexes retreat and yields edge lower.
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The Su indisp Micha Chriss Ken W Sheila
A fragmented OCR item mentions individuals Micha Chriss Ken W and Sheila with unclear roles. The readable text signals a brief notice or roster fragment from a local page segment without a clear event, date, or location. Further context is needed to identify the item.
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