Author: potus

WASHINGTON (AP) — A proposal to deter states from regulating artificial intelligence for a decade was soundly defeated in the U.S. Senate on Tuesday, thwarting attempts to insert the measure into President Donald Trump’s big bill of tax breaks and spending cuts.The Senate voted 99-1 to strike the AI provision for the legislation after weeks of criticism from both Republican and Democratic governors and state officials.Originally proposed as a 10-year ban on states doing anything to regulate AI, lawmakers later tied it to federal funding so that only states that backed off on AI regulations would be able to get…

At last week’s NATO meeting in The Hague, U.S. President Donald Trump declared that the United States’ European partners had pledged to raise their defense spending to 5 percent of GDP by 2035. Irrespective of whether the leaders of these countries can now marshal the popular and fiscal will to make that commitment a reality, Washington under Trump has forced its NATO partners to step up and at least appear to take a stronger line in defending themselves. The stakes are arguably even higher for American allies in Asia, because they are much closer to an assertive China. The Trump…

Digital illustration of a glowing world map with “AI” text across multiple continents, representing the global presence and integration of artificial intelligence. Fotograzia | Moment | Getty ImagesAs artificial intelligence becomes more democratized, it is important for emerging economies to build their own “sovereign AI,” panelists told CNBC’s East Tech West conference in Bangkok, Thailand, on Friday.In general, sovereign AI refers to a nation’s ability to control its own AI technologies, data and related infrastructure, ensuring strategic autonomy while meeting its unique priorities and security needs.However, this sovereignty has been lacking, according to panelist Kasima Tharnpipitchai, head of AI strategy…

WASHINGTON (AP) — The Senate is slogging through an overnight session that has dragged into Tuesday, with Republican leaders buying time as they search for ways to secure support for President Donald Trump’s big bill of tax breaks and spending cuts while fending off proposed amendments, mostly from Democrats trying to defeat the package.An endgame was not immediately in sight. Senate Majority Leader John Thune of South Dakota is working for a last-minute agreement between those in his party worried the bill’s reductions to Medicaid will leave millions without care and his most conservative flank, which wants even steeper cuts…

(The Center Square) – This Fourth of July, Coloradans will find themselves paying some of the state’s lowest summer gas prices since 2021.According to AAA’s Colorado average on Monday, the current average for regular unleaded is $3.12 a gallon. That’s a few cents lower than the national average of $3.19.Mid-grade comes in at $3.51, premium at $3.83 and diesel at $3.40.Prices are down more than 20 cents from the same time last year, although they’re slightly more expensive than the rates during the Christmas season.This week will see a record number of Americans on the road.AAA projects 72.2 million people will travel…

Amazon CEO Andy Jassy said the rapid rollout of generative artificial intelligence means the company will one day require fewer employees to do some of the work that computers can handle.”Like with every technical transformation, there will be fewer people doing some of the jobs that the technology actually starts to automate,” Jassy told CNBC’s Jim Cramer in an interview on Monday. “But there’s going to be other jobs.”Even as AI eliminates the need for some roles, Amazon will continue to hire more employees in AI, robotics and elsewhere, Jassy said.Earlier this month, Jassy admitted that he expects the company’s…

Traders work on the floor at the New York Stock Exchange (NYSE), on the day of Circle Internet Group’s IPO, in New York City, U.S., June 5, 2025. Brendan McDermid | ReutersStablecoin issuer Circle Internet Group has applied for a national trust bank charter, moving forward on its mission to bring stablecoins into the traditional financial world after the firm’s big market debut this month, CNBC confirmed.Shares rose 1% after hours.If the Office of the Comptroller of the Currency grants the bank charter, Circle will establish the First National Digital Currency Bank, N.A. Under the charter, Circle, which issues the…

WASHINGTON (AP) — Former Presidents Barack Obama and George W. Bush delivered rare open criticism of the Trump administration — and singer Bono held back tears as he recited a poem — in an emotional video farewell on Monday with staffers of the U.S. Agency for International Development.Obama called the Trump administration’s dismantling of USAID “a colossal mistake.”Monday was the last day as an independent agency for the six-decade-old humanitarian and development organization, created by President John F. Kennedy as a peaceful way of promoting U.S. national security by boosting goodwill and prosperity abroad.Secretary of State Marco Rubio has ordered USAID absorbed into the State Department…

Harvard University graduates attend the university’s 374th commencement ceremony on May 29, 2025 in Cambridge, Massachusetts. Vcg | Visual China Group | Getty ImagesThe Trump administration on Monday said an investigation into Harvard University found the school had violated the federally protected civil rights of Jewish and Israeli students.In a letter to university president Alan Garber, the civil rights office of the Department of Health and Human Services said Jewish students on campus were subjected to “severe, pervasive and objectively offensive harassment” following the Oct. 7, 2023, Hamas attack on Israel.The investigation found what the Trump administration described as a…

(The Center Square) – North Carolina’s State Health Plan, serving about 750,000 active and retired state workers, is projecting net losses and cash deficit, a report says. Brad Briner, state treasurer of North Carolina NC Department of State Treasurer | Facebook First-term Republican Treasurer Brad Briner and his staff are charged with overseeing the plan, and his request to first-term Republican Auditor Dave Boliek generated the analysis. Boliek’s team said, “Actuarial projections from 2024, which were used for financial forecasting by the State Treasurer’s Office, showed net losses for the State Health Plan of $199 million, $507 million, and $862…