California's extreme weather caused the U.S. Treasury to collect significantly less in taxes than expected, bringing the debt ceiling closer to its 'X date'.
As the debt ceiling deadline approaches, negotiations between the GOP and White House have broken down, with both sides advocating for their respective priorities of increased military spending versus more evenly distributed cuts.
Apple's launch of an online store in Vietnam this week is a sign of the company recognizing Asian markets as a "golden opportunity" for growth, following their success in China.
Michigan has experienced a significant loss in revenue of $883 million due to the implementation of new tax cuts, resulting in constraints on its budget for the upcoming year.