Cybertruck Explosion, Treasury Rule Changes, and Debt Ceiling Concerns

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Cybertruck Explosion, Treasury Rule Changes, and Debt Ceiling Concerns
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This news piece covers three separate but relevant topics: a Tesla Cybertruck explosion in Las Vegas, new Treasury rule changes expanding land sales oversight near military sites, and Treasury Secretary Janet Yellen's warning about the need to raise or suspend the debt ceiling.

Las Vegas law enforcement update the public on the Tesla Cybertruck explosion that took place outside a Trump Hotel Wednesday morning. FILE - Treasury Secretary Janet Yellen testifies during a Senate Appropriations Subcommittee hearing, June 4, 2024, on Capitol Hill in Washington. New Treasury rulemaking would expand the U.S. Committee on Foreign Investment in the United States’ jurisdiction to review land sales near 56 additional military sites, bringing the overall number to 227.

A 2018 law granted the committee authority to review real estate transactions near sensitive sites across the U.S. (AP Photo/Jacquelyn Martin, File) Treasury Secretary Janet Yellen warned Congress that “extraordinary measures” will be necessary as early as Jan. 14 unless they raise or suspend the debt ceiling. Executive Vice President of the National Taxpayers Union Brandon Arnold says that those extraordinary measures will likely kick in to extend the amount of time Congress and the President will have to come to deal about the debt ceiling

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