
U.S. expected to hit debt limit, kicking off monthslong countdown to possible default
CBSN
Washington — The countdown toward a possible U.S. government default is in the offing — with frictions between President Biden and House Republicans raising alarms about whether the U.S. can sidestep a potential economic crisis.
The Treasury Department projects that the federal government will on Thursday reach its legal borrowing capacity of $38.381 trillion, an artificially imposed cap that lawmakers have increased roughly 80 times since the 1960s. Markets so far remain calm, as the government can temporarily rely on accounting tweaks to stay open, meaning that any threats to the economy are several months away. Even many worried analysts assume there will be a deal.
But this particular moment seems more fraught than past brushes with the debt limit because of the broad differences between Mr. Biden and new House Speaker Kevin McCarthy, who presides over a restive Republican caucus.

As federal policies and staffing levels rapidly change in the name of government efficiency and energy independence, historical sites across the United States — sites that help the public understand the cultures that came before them and built their communities of today — are in jeopardy of losing out on important federal protections. "National Park Service employees are deeply committed to preserving our public lands and serving visitors. At times, team members may step into a range of responsibilities outside their usual scope to help ensure continued access, safety, and stewardship across the park system. This flexibility reflects the dedication and collaborative spirit of our workforce.

Brian Wilson, the Beach Boys' visionary and fragile leader whose genius for melody, arrangements and wide-eyed self-expression inspired "Good Vibrations," "California Girls" and other summertime anthems and made him one of the world's most influential recording artists, has died, his family said in a statement posted to his website and social media. He was 82.