House Republicans have slipped a massive foreign worker expansion into their Department of Homeland Security (DHS) spending bill, a blow to the GOP’s promise to protect the nation’s working class from powerful special interests.
Economists had been expecting consumer debt to grow by around $20 billion. The 1.8 percent rise is far lower than historically normal levels of four to five percent and much lower than the 5.9 percent growth seen in 2021 and eight percent growth in 2022. In April, consumer credit grew by at an annual rate of five percent.
Treasury Secretary Janet Yellen says Washington will listen to Chinese complaints about security-related curbs on U.S. technology exports and might “respond to unintended consequences” as she ended a visit to Beijing aimed at reviving strained relations.
Federal prosecutors unsealed an indictment this week against an American-Israeli energy expert that has supposedly been the “missing witness” of House Republicans’ investigation into the Biden family’s business dealings for months.
The 9th Circuit Court of Appeals on Wednesday again denied West Coast cities the ability to remove homeless people from the streets unless they can provide enough shelter for all of them.
Ukraine, which is now engaged in a counter-offensive against Russian forces, is set to receive a round of cluster bombs from the Biden administration in a drawdown of weapons that bypasses U.S. law.
OpenAI Co-Founder Ilya Sutskever warned this week that superintelligent artificial intelligence systems will be so powerful that humans will not be able to effectively monitor them, which could lead to “disempowerment of humanity or even human extinction.”
Florida, Georgia, North Carolina, South Carolina, Tennessee, and Texas have economically overtaken the area including Boston, New York City, and Washington D.C., according to Bloomberg. The population in the Southeast grew by 2.2 million people in the last two years.
China imposed restrictions on exporting two metals that are crucial to parts of the semiconductor, telecommunications and electric-vehicle industries in an escalation of the country’s tit-for-tat trade war on technology with the US and Europe.
Gallium and germanium, along with their chemical compounds, will be subject to export controls meant to protect Chinese national security starting Aug. 1, China’s Ministry of Commerce said in a statement Monday.