GovernmentPolicy

Government Shutdown Crisis Deepens in Third Week as Senate Deadlock Continues

The Senate prepares for another critical vote as the government shutdown extends into its third week. Both parties remain entrenched in their positions, with Republicans demanding a clean funding bill while Democrats insist on extending Affordable Care Act subsidies.

The United States government shutdown has entered its third week with no immediate resolution in sight, as the Senate prepares for its ninth vote on competing funding measures that have repeatedly failed to gain sufficient support. The political standoff between Republicans and Democrats continues to deepen, with both sides showing little willingness to compromise on their core demands.

Senate Voting Deadlock Continues

Arts and EntertainmentPolicy

California AI Regulations: Newsom Signs Chatbot Safety Laws, Vetoes Tech Bills

Governor Gavin Newsom has signed multiple AI safety bills into law, including requirements for chatbot self-harm prevention and social media warning labels. The governor also vetoed several controversial tech regulations amid industry pressure.

California Governor Gavin Newsom has taken significant steps to regulate the rapidly evolving artificial intelligence industry, signing into law a package of bills designed to protect children and young users from potential AI-related harms. The new legislation represents one of the most comprehensive state-level attempts to address emerging AI risks while balancing innovation concerns.

Landmark Chatbot Safety Legislation

BusinessEconomy and Trading

Jamie Dimon Warns Auto Bankruptcies Signal Corporate Lending Excess

JPMorgan Chase CEO Jamie Dimon identifies auto industry bankruptcies as early warning signs of corporate lending excess. The banking leader cautions that extended credit bull market conditions may be masking systemic risks that could surface during economic downturns.

JPMorgan Chase CEO Jamie Dimon has identified recent auto company bankruptcies as early warning signs of excess in corporate lending, suggesting that the extended credit bull market since 2010-2012 may be masking systemic risks. Speaking to CNBC, the longtime leader of America’s largest bank pointed specifically to the collapse of auto parts firm First Brands and subprime car lender Tricolor Holdings as indicators that lending standards grew too lax over the past decade-plus.

Corporate Lending Excess Signals Broader Market Concerns