Yellen warns time is running out on debt limit fight
Treasury Secretary Janet Yellen warned that time is running out to avert an economic catastrophe from failing to raise the debt ceiling. She said every day Congress waits adds costs and risk to the economy as talks between Biden and GOP leaders stall.
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AI chief urges regulated US and global AI regulator
OpenAI CEO Sam Altman urged Congress and a proposed international agency to license powerful AI systems and enforce safety standards. He warned of significant harm if AI goes wrong while stressing testing, risk disclosure, and targeted regulation rather than blanket rules.
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Energy, Home Depot weigh on Wall Street
U S stocks fell as energy shares declined with Exxon Mobil and Chevron leading losses and Home Depot warning of weaker revenue. The S&P 500 dropped to 4109.90, the Dow to 33012.14 and the Nasdaq to 12343.05.ri
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