Matt Gagnon discussed the declining support for the “big, beautiful Bill” in the US Senate, particularly due to opposition from Elon Musk and conservative senators like Mike Crapo and Rand Paul. Crapo warned of two likely no votes, potentially derailing the legislation. Paul opposes the bill due to its $4 trillion debt ceiling increase, while Ron Johnson advocates for a smaller bill focusing on Trump tax cuts and spending cuts. Gagnon criticized the bill’s economic impact, highlighting the CBO’s flawed revenue projections and the growing federal deficit, which he argued was exacerbated by Trump’s policies.
The American job market continues to show surprising strength, shrugging off the high costs of the Iran war. Employers added 172,000 jobs in May – roughly double what forecasters had expected – and the unemployment rate remained at a low 4.3%.
A Colorado court reversed homicide convictions against two paramedics on Thursday in the death of Elijah McClain, a Black man who was pinned down by police and injected with a fatal dose of ketamine.
The state of Florida filed a lawsuit against OpenAI and CEO Sam Altman on Monday, claiming the company knowingly released and aggressively marketed ChatGPT to the public while concealing serious risks.
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