LAMBO TISCI

3y

it's wild how over it is

Mountain Dude

3y

The US Debt Ceiling is the scariest at the moment. Recession imminent immediately.

Mountain Dude

3y

The US Debt Ceiling is the scariest at the moment. Recession imminent immediately.

LAMBO TISCI

3y

never going to own a house

LAMBO TISCI

3y

never going to own a house

plants

3y

f*** it we ball

plants

3y

marry someone who does

plants

3y

marry someone who does

Mountain Dude

3y

Big News Stories Today:

US could hit the debt ceiling as early as June 1, Treasury Secretary says

https://apnews.com/article/x-date-debt-ceiling-yellen-treasury-borrowing-f726fd88a9bb7f72e50f0b948731ac57

WASHINGTON (AP) — Treasury Secretary Janet Yellen notified Congress on Monday that the U.S. could default on its debt as early as June 1, if the body does not raise or suspend its statutory borrowing authority before then.

In a letter to House and Senate leaders, Yellen urged congressional leaders “to protect the full faith and credit of the United States by acting as soon as possible” to address the $31.4 trillion limit on its legal borrowing authority, adding that it is impossible to predict with certainty the exact date of when the U.S. will run out of cash.

“We have learned from past debt limit impasses that waiting until the last minute to suspend or increase the debt limit can cause serious harm to business and consumer confidence, raise short-term borrowing costs for taxpayers, and negatively impact the credit rating of the United States,” she said in the letter.

Also Monday, the Congressional Budget Office reported that it saw a greater risk of the U.S. running out of funds in early June. CBO Director Phillip L. Swagel said because of less-than-expected tax receipts this filing season and a faster IRS having processed already received returns, “Treasury’s extraordinary measures will be exhausted sooner than we previously projected.”

In January, Yellen sent a letter to congressional leaders, stating that her department had begun resorting to “extraordinary measures” to avoid a federal government default.

The Treasury said Monday it plans to increase its borrowing during the April to June quarter of this year, even as the federal government is close to breaching the debt limit.

The U.S. plans to borrow $726 billion during the quarter. That’s $449 billion more than projected in January, due to a lower beginning-of-quarter cash balance and projections of lower-than-expected income tax receipts and higher spending.

While Russia’s invasion of Ukraine remains a burden on U.S. economic growth, Treasury officials say the debate over the debt ceiling poses the greatest risk to the U.S. financial position.

Eric Van Nostrand, acting assistant secretary for economy policy, said in a statement that “even if Congress ultimately raises the debt limit before a default occurs, the ensuing uncertainty could raise borrowing costs and induce other financial stress that would weaken our labor market and our standing in the world.”

“There is no time to waste,” said Shai Akabas, director of economic policy at the Bipartisan Policy Center, which forecasts the so-called X-date when the government exhausts its extraordinary measures. His organization will also provide an updated X-date projection in the coming days, he says.

“The U.S. government is again within mere months or even weeks of failing to make good on all its obligations. That is not a position befitting of a country considered the bedrock of the financial system, and only adds uncertainty to an already shaky economy.”

Democrats and the White House are pushing for Congress to increase the federal debt limit. President Joe Biden wants the cap raised without negotiation. The House Republican majority has most recently passed a bill to secure spending cuts in exchange for a debt limit increase.

Yellen said last week, at the Cap-to-Cap policy conference in Washington that “Congress must vote to raise or suspend the debt limit, and it should do so without conditions and it should not wait until the last minute. I believe that is a basic responsibility of our nation’s leaders to get this done.”

U.S. military is tracking another mysterious balloon

https://www.nbcnews.com/news/us-military-tracking-another-mysterious-balloon-rcna82300

The U.S. military is tracking a mysterious balloon that flew over American soil, but it’s not clear what it is or whom it belongs to, according to three U.S. officials.

The object flew across portions of Hawaii but did not go over any sensitive areas, the officials said.

The U.S. military has been tracking it since late last week and has determined that it poses no threat to aerial traffic or national security and is not communicating signals, one official said.

It's not clear if it's a weather balloon or something else, the official said, adding that the U.S. could still shoot it down if it nears land.

The object, which does not appear to have maneuverability, is moving slowly toward Mexico, the officials said.

California man guilty of killing 3 after doorbell prank

https://apnews.com/article/california-murder-trial-ding-dong-ditch-a674a48fa95f2e6c79fdd5540523c10f

FILE - An officer with the California Highway Patrol's (CHP) Multidisciplinary Accident Investigation Team (MAIT) investigates the scene of a deadly crash in the Temescal Valley, south of Corona, Calif., Monday, Jan. 20, 2020. A jury found a Southern California man guilty Friday, April 28, 2023, in the killings of three teenage boys after they played a doorbell-ringing prank on him in 2020. (Watchara Phomicinda/The Orange County Register via AP, File)
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FILE - An officer with the California Highway Patrol's (CHP) Multidisciplinary Accident Investigation Team (MAIT) investigates the scene of a deadly crash in the Temescal Valley, south of Corona, Calif., Monday, Jan. 20, 2020. A jury found a Southern California man guilty Friday, April 28, 2023, in the killings of three teenage boys after they played a doorbell-ringing prank on him in 2020. (Watchara Phomicinda/The Orange County Register via AP, File)

RIVERSIDE, Calif. (AP) — A Southern California man accused of killing three teenage boys by intentionally ramming their car after they played a doorbell-ringing prank on him was found guilty Friday of murder.

Anurag Chandra was convicted in a Riverside County courtroom of three counts of first-degree murder and three counts of attempted murder.

“The murder of these young men was a horrendous and senseless tragedy for our community. I thank the jury for their verdict. This is an important step toward justice,” county District Attorney Mike Hestrin said in a statement.

Chandra’s attorney, David Wohl, did not immediately return a request for comment Friday.

The victims, who were all 16 years old, were among six teens inside a Toyota Prius on Jan. 19, 2020 when Chandra intentionally rammed their vehicle off the road and fled, prosecutors said.

The Prius’ driver lost control and the sedan slammed into a tree in Temescal Valley, about 60 miles (97 kilometers) southeast of downtown Los Angeles.

The friends had dared one boy to either jump into a pool at night or play “ding dong ditch.”

Chandra, who didn’t know the teens, testified at trial that one of the boys rang his doorbell and exposed his buttocks before running away, according to The Riverside Press-Enterprise. Chandra testified that he followed because he feared for his family’s safety and wanted to express his anger. He said he was “extremely, extremely mad” from the prank.

greedy

3y

We ball

Name

3y

Some good news

kiddash3r

3y

Where you been vro

training

3y

@op are there any studies on how overconsumption of goods are hurting the environment and society?

trying to consume less in terms of food and goods, but wanted to see certain studies on this

plants

3y

I'm sure they're out there man, I'm not the guy who knows where tho

we known bout the limits of growth forever, but idk the particulars on everything