Debt talks drag as June deadline nears and markets fear crisis
Negotiators for President Biden and Speaker McCarthy trade budget cutting ideas at the Capitol with a looming June 1 deadline. Republicans warn of urgency, while markets slide as no deal emerges. White House insists on lifting the debt ceiling without bargaining over bills. McCarthy seeks spending restraint, caps on growth, and a path to passage in a split Congress.
MENTIONED IN THIS ARTICLE
Washington
Joe Biden
Kevin McCarthy
Capitol
White House
U.S
McCarthy
R-Calif
Karine Jean-Pierre
Biden
Congress
New York
Wall Street
Oval Office
Japan
Republican House
Democratic Senate
Rep
Garret Graves
Louisiana
Patrick McHenry
North Carolina
Senate
Mitch McConnell
UPS strike risks huge disruption to deliveries nationwide
A looming UPS labor standstill could upend daily life for millions who rely on doorstep deliveries. The Teamsters, representing 350,000 workers, push back after a 2018 contract, threatening higher prices and longer waits if talks fail.
MENTIONED IN THIS ARTICLE
Washington
New York City
Jessica Ray
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UPS
Amazon.com
Teamsters
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New York
Washington lawmakers weigh AI guardrails and possible federal agency
Lawmakers consider a federal AI regulator amid hearings on governance liability and safety. Senators urge accountability while tech leaders warn against overreach. OpenAI CEO Sam Altman backs licensing for advanced models and independent audits to enforce safety.
MENTIONED IN THIS ARTICLE
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Congress
Senate
Charles E. Schumer
D-N.y
Judiciary
Richard J. Durbin
Openai
Homeland Security and Governmental Affairs Committee
House Judiciary
Senate Judiciary
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R-Mo
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