The government wants AI to fight wars and review your taxes
Artificial intelligence, Musk has said, can do a better job than federal employees at many tasks — a notion being tested by AI projects trying to automate work across nearly every agency in the executive branch.
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Fox News
23 minutes ago
- Fox News
Republican leading House Budget Committee looks ahead after passing Big Beautiful Bill
House Budget Committee Chairman Rep. Jodey Arrington, R-Texas, was praised for the role he played in the passage of the Big Beautiful Bill. However, the congressman says this is the beginning, not the end, of spending reforms. "We will never be able to get a balanced budget or even put our country on a path to a balanced budget and a sustainable fiscal trajectory in one reconciliation bill," Arrington told Fox News Digital. "We're too far down the broken road of bad and irresponsible fiscal behavior. We're too deep in the debt hole for one bill to do it." Arrington, whom House Speaker Mike Johnson called the "the lead budget hawk in the House," said he is "obsessed" with tackling deficit spending, which he sees as the biggest threat to America's future. He believes that addressing the nation's situation in an effective way means creating the "conditions for growing the economy." "So, the pro-growth policies, the tax cuts, the work incentives, opening up our energy assets and deregulating the energy economy, all of those pro- growth policies will reignite economic growth. And that is the foundation for our country's fiscal health and just about everything else: our military prowess, our global leadership, our way of life," Arrington said. The Big Beautiful Bill's journey to President Donald Trump's desk was not pretty, as the legislation received criticism from both sides of the aisle and caused tension among Republicans. Elon Musk, Rep. Thomas Massie, R-Ky., and others argued that it did not take adequate measures to cut government spending. Arrington said he respects Massie and Musk — as well as other critics — but believes that the risk of losing the "good things" in the bill was too high. In the end, the Texas lawmaker sees the tradeoff as "permanent pro-growth tax policy" in exchange for the extra spending in the legislation. "I think there's a big gap in information — and accurate information. Part of it is you've got the Congressional Budget Office putting out these big numbers… two and a half or three trillion dollars in additional deficit that would be added to the national debt over the 10-year budget window as a result of this bill. That is just patently false. It's completely inaccurate," Arrington said, adding that they fail to "consider economic growth and the revenue that will flow back into the treasury when you have pro-growth policies." Trump signed the bill on his self-imposed July 4 deadline, just one day after the House passed the final version of the $3.3 trillion legislation. Before signing the bill, the president said it would "fuel massive economic growth" and "lift up the hard-working citizens who make this country run." So, what's next on the budget chairman's agenda? Just one thing — or three, as he said to Fox News Digital, "spending cuts, spending cuts and spending cuts." "We didn't get into this mess overnight, we won't get out of it overnight, but we'll never get out if we don't start exercising the political will to do what we all say in our campaigns," Arrington told Fox News Digital. "I think we established a great model for restoring fiscal health, and we just have to continue to repeat it and do it in even more dramatic fashion in the future."
Wall Street Journal
24 minutes ago
- Wall Street Journal
How JPMorgan Is Playing the Private Lending Boom
JPMorgan Chase CEO Jamie Dimon says Wall Street's hottest trend is a recipe for a financial crisis, but he's investing billions to get in on it anyway. His plan: swoop in strategically and profit if there's a meltdown. Read more on how the nation's largest bank is playing the private-credit boom:
Gizmodo
26 minutes ago
- Gizmodo
There's a Strange New Hole in Yellowstone National Park
Last April, geologists conducting routine maintenance at temperature logging stations in Yellowstone National Park's Norris Geyser Basin found something unexpected: a previously undocumented thermal pool of blue water. The newly identified pool, found in the Porcelain Basin subbasin, is about 13 feet (4 meters) wide, its idyllic blue water is around 109 degrees Fahrenheit (43 degrees Celsius), and the water's surface sits about one foot (30 centimeters) below the rim of the pool, according to a United States Geological Survey statement. The geologists found light-gray mud-covered rocks, including rocks up to one foot wide (30 cm), surrounding the pool. How did this feature form? According to the geologists, the clues actually paint a relatively clear picture: the pool likely resulted from a hydrothermal explosion—when liquid water turns to steam and causes underground pressure changes, creating a steam blast. Hydrothermal explosions are not uncommon at Norris Geyser Basin, which has experienced similar events before. Well-documented ones include the 1989 explosion of Porkchop Geyser. More recently, a new monitoring station installed in 2023 detected an explosion in the Porcelain Terrace area on April 15, 2024. Satellite imagery shows that the new pool did not exist before December 19, 2024. By January 6, 2025, a small cavity had begun to take shape, and on February 13, the water pool had fully formed. However, the recently installed monitoring station—which detects hydrothermal activity via infrasound (extremely low-frequency sound waves)—did not register any strong or distinct explosions during that time. It did, though, detect a number of weak acoustic signals from the direction of the pool, including on December 25, 2024, January 15, 2025, and February 11, 2025, but without an associated seismic signal that would normally accompany a strong explosion. As such, the pool likely formed after a number of smaller explosions chucked out rocks and silica mud, as opposed to a single big event. Silica-rich water then filled the resulting hole. The activity probably started on December 25, 2024, and continued in January and early February of this year. Norris Geyser Basin is the oldest and most active thermal area in Yellowstone and hosts the tallest geyser—a sporadically explosive hot water spring—on Earth. Yellowstone itself has over 10,000 thermal features, such as geysers, hot springs, steam vents, and mudpots, which attract tourists and scientists alike from all over the globe. The thermal activity is driven by an underground magma reservoir (part of the giant Yellowstone volcano complex), which heats up groundwater and triggers a series of chemical and physical reactions. Ultimately, the finding shows that even the most studied landscapes can still surprise us.
