Lawmakers are tentatively not expected back at work until Tuesday, just two days from June 1, when Treasury Secretary Janet Yellen has said the U.S. could start running out of cash to pay its bills and face a federal default.
The measure would also end the pause on federal student loan payments, a policy first introduced by the Trump administration in response to the coronavirus pandemic more than three years ago.
The U.S. government and private sector in recent months have begun more publicly weighing the possibilities and perils of artificial intelligence.
The company is building a battery plant in Tennessee and was in talks with the Energy Department for a $200 million grant funded through the 2021 infrastructure law.
Another round of debt negotiations has wrapped up at the U.S. Capitol. White House and House Republican staff met for 2-1/2 hours Sunday evening as talks appear to be narrowing on a 2024 budget year cap that would be key to resolving the standoff.
Under a new proposal intended to protect students, nearly two-thirds of cosmetology certificate programs at for-profit colleges would risk losing federal funding. So would more than a third of such programs in massage therapy and dental support.
The proposed “AM for Every Vehicle Act” arrives as more and more automakers say goodbye to AM radio in newer car models.
While the White House has threatened to veto Republican House Speaker Kevin McCarthy’s debt ceiling bill with its “devastating cuts” to federal programs, the administration has signaled a willingness to consider other budget caps.
The grants are intended to expand tech investment that currently is concentrated around a few U.S. cities—Austin, Texas; Boston; New York; San Francisco; and Seattle—to the rest of the country.
Treasury Secretary Janet Yellen’s comments added even more urgency to a high-stakes meeting Tuesday between President Joe Biden and congressional leaders from both parties.
The White House Council of Economic Advisers compared the potential economic impact of a debt ceiling breach to the 2008 Great Recession, in which economic growth contracts sharply and unemployment surges.
U.S. businesses might be able to secure bank deposit insurance for accounts holding more than $250,000 if Congress agrees with the Federal Deposit Insurance Corp.’s new proposal.
The sweeping legislation passed Wednesday that would raise the government’s legal debt ceiling by $1.5 trillion in exchange for steep spending restrictions.
FTC Chair Lina Khan joined top officials from U.S. civil rights and consumer protection agencies to put businesses on notice that regulators are working to track and stop illegal behavior in the use and development of artificial intelligence.
The House action comes as at least 20 other states, including Indiana, have imposed similar limits on trans athletes at the K-12 or collegiate level.
While the homeless population across the city has decreased from its pandemic high of nearly 2,000 people, it has yet to return to the lower levels recorded before the pandemic hit.
Big tax preparation companies have millions of dollars to lose if the program comes to fruition. Last year, more than 60 million taxpayers were serviced by Intuit, the parent company of TurboTax, and H&R Block.
Opponents of the regulations,including Indiana, have called the rules an example of federal overreach and argued they would unfairly burden farmers and ranchers.
Support is clear for the 988 hotline, which is designed to operate similar to 911 but for mental health rather than public safety. However, the most important detail–how much funding the state will provide–has yet to be determined.
Lawmakers are anxiously eyeing the AI arms race, driven by the explosion of OpenAI’s chatbot ChatGPT.
