The Artificial Intelligence Caucus is a group of bipartisan lawmakers working together to ensure technology has a positive impact on America's future. Congressman John Delaney (D-MD) believes A.I. will be a "paradigm-shifting development," and he thinks the government needs to encourage its growth.
Congressman Delaney says Washington and the Trump administration is too caught up in the moment to think about the future. Meanwhile, Americans are worried technological innovation will leave them jobless. Delaney believes the positives of A.I. far outweigh the negatives, but Congress needs to ensure innovation spreads across the country, not just to major tech hubs.
A former entrepreneur, Congressman Delaney built two companies that traded on the New York Stock Exchange. He says his business experience reminds him to look towards where the world is going, not where it has been. He believes if the government works together with the private economy, Americans will benefit immensely.
The White House budget office says mass firings of federal workers have started in an attempt to exert more pressure on Democratic lawmakers as the government shutdown continues.
President Donald Trump says “there seems to be no reason” to meet with Chinese leader Xi Jinping as part of an upcoming trip to South Korea after China restricted exports of rare earths needed for American industry. The Republican president suggested Friday he was looking at a “massive increase” of import taxes on Chinese products in response to Xi’s moves. Trump says one of the policies the U.S. is calculating is "a massive increase of Tariffs on Chinese products coming into the United States." A monthslong calm on Wall Street was shattered, with U.S. stocks falling on the news. The Chinese Embassy in Washington hasn't responded to an Associated Press request for comment.
Most members of the Federal Reserve’s interest-rate setting committee supported further reductions to its key interest rate this year, minutes from last month’s meeting showed.
From Wall Street trading floors to the Federal Reserve to economists sipping coffee in their home offices, the first Friday morning of the month typically brings a quiet hush around 8:30 a.m. eastern, as everyone awaits the Labor Department’s monthly jobs report.
The Supreme Court is allowing Lisa Cook to remain as a Federal Reserve governor for now.
Rep. John Moolenaar has requested an urgent briefing from the White House after Trump supported a deal giving Americans a majority stake in TikTok.
