Biden, McCarthy Look to Congress to Approve Deal; State Farm Halts New Home Insurance in California

President Joe Biden and House Speaker Kevin McCarthy reached a tentative deal on Saturday to avert a default on U.S. debt. Now the pair is tasked with getting it through Congress—although one senator has already said that China would be the real winner from the agreed defense budget. State Farm Insurance is no longer offering new policies on California properties. The firm is fighting the pressures of inflation as well as the state’s ever-increasing wildfire risks. The majority of Americans are worried that artificial intelligence could pose an existential threat to civilization, according to a poll by market research firm Ipsos and Reuters.