5.30.2023

 

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Good morning. It's Tuesday, May 30, and we're covering a debt ceiling endgame, an epic NBA postseason series, and much more. First time reading? Sign up here.

 

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Need To Know
 

Debt Ceiling Deal

The White House and House Republicans reached a tentative agreement to raise the nation's debt ceiling, negotiators announced over the holiday weekend. The deal, which must now be passed by the Republican-led House and Democrat-led Senate, comes ahead of an updated deadline of June 5. 

 

According to reports, the agreement would raise the debt ceiling for two years, pushing the issue past the 2024 presidential election. Nonmilitary discretionary spending (see 101) would remain flat in fiscal year 2024, with a 1% increase the following year. Military spending would increase by 3% in 2024.  

 

The White House agreed to a key GOP request to tighten work requirements for federal aid. Most able-bodied adults without children under the age of 50 are eligible for food aid for three months every three years—that age would be raised to 55. See more details of the bill here.

 

The current federal debt stands at $31.5T. See an overview here.

 

Heat Head to Finals

The Miami Heat are headed to the NBA finals for the second time in four seasons after beating the Boston Celtics in Game 7 of the Eastern Conference Finals last night, 103-84. The win caps a wild back-and-forth series that saw the Heat win the first three games before dropping three in a row to the Celtics—including a Game 6 loss on a last-second tip-in basket (watch here). The Heat, seeking their fourth title in franchise history, become the first eight seed to make the finals during a full-length NBA season. 

 

The Heat will face the Denver Nuggets, who swept the Los Angeles Lakers in the Western Conference Finals. The Nuggets, appearing in their first championship in franchise history, are led by two-time league MVP Nikola Jokić. The 6-foot, 11-inch center has averaged a triple-double during the current postseason, posting almost 30 points, 13 rebounds, and 10 assists.

 

Game 1 of the finals tips off Thursday (8:30 pm ET, ABC). 

 

Texas AG Impeached 

The Texas House of Representatives voted to impeach Attorney General Ken Paxton (R) Saturday, alleging the state's legal officer committed a range of offenses, including bribery, obstruction of justice, and misuse of public funds. The Republican-held chamber passed 20 articles of impeachment (read here) by a 121-23 vote. 

 

The impeachment vote followed a probe opened earlier this year after Paxton requested $3.3M of state funds to settle a whistleblower lawsuit. Eight former top staff accused Paxton of using the office to interfere in a federal probe examining whether he traded political influence for favors with campaign donor and real estate developer Nate Paul. Among other instances, Paul is said to have employed a woman with whom Paxton was having an extramarital affair

 

Lawmakers in the state Senate will now hear the case, where a two-thirds majority of the chamber's 31 members—one being Paxton's wife—is required to permanently remove Paxton from office. A date for the proceedings has not yet been set. 

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In The Know
 

Sports, Entertainment, & Culture

In partnership with The Ascent

> French film "Anatomy of a Fall" wins Palme d'Or, the top prize at the 2023 Cannes Film Festival (More)

> Ed Ames, prolific actor and singer, dies at 95 (More) | "Route 66" star George Maharis dies at 94 (More) | Milt Larsen, founder of iconic Los Angeles establishment Magic Castle, dies at 92 (More)

> Josef Newgarden becomes the first American racing driver since 2016 to win the Indianapolis 500 (More) | Vegas Golden Knights top Dallas Stars 6-0 in Game 6 of the NHL Western Conference Final to advance to the Stanley Cup Final (More)

From our partners: One card, big rewards. Like a $200 welcome bonus after spending $500 within three months. This card's got a $0 annual fee, and gives you unlimited cash back on basically every purchase. Check it out.

 

Science & Technology

> Archaeologists reveal mummification workshops discovered in the ancient Egyptian necropolis of Saqqara (More) | What makes Saqqara so significant? (More

> Researchers establish the molecular pathway through which chronic stress triggers inflammatory bowel disease; study highlights how managing mental stress may reduce chronic gut pain (More)

> Machine learning algorithm identifies an antibiotic that targets Acinetobacter baumannii, a primary bacterial driver of infections in hospitals; findings highlight the use of AI to accelerate new drug discovery (More)

 

Business & Markets

> US stock markets close higher Friday (S&P 500 +1.3%, Dow +1.0%, Nasdaq +2.2%); Nasdaq posts fifth consecutive weekly gain (More)

> US consumer spending increases 0.8% in April over previous month, largest amount since January (More)

> Hyundai and LG to invest $4.3B on new electric vehicle battery plant near Savannah, Georgia (More)

 

Politics & World Affairs

> Turkish President Recep Tayyip Erdoğan wins runoff election by a vote of 52%-48%, secures a third term in office; win comes despite record inflation, criticism over response to February earthquakes that left more than 50,000 dead (More)

> Ugandan President Yoweri Museveni signs strict anti-LGBTQ bill; new law imposes life sentences for same-sex sexual acts, 10 years in prison for same-sex relations, and more (More)

> Russia launches largest drone attack on the Ukrainian capital of Kyiv since the start of the war; 58 of 59 drones reportedly shot down, attack came ahead of Sunday's anniversary of Kyiv's founding (More) | See updates on the war here (More)

 

In-Depth

> The Illuminating Science of Fireflies 

Smithsonian | Madeline Bodin. While they light up summer nights and spark the imagination of onlookers, surprisingly little is known about the roughly 170 species of fireflies in North America. (Read)

 

... or "lightning bugs," depending on where you're from.

 

> Shipwrecked

Criminal | Phoebe Judge. (Podcast) The story of the Wager, a British royal ship that wrecked off the coast of Patagonia in 1742. Two separate groups of emaciated sailors eventually washed up in Brazil—each with differing stories of mutiny and betrayal. (Listen)

In partnership with SpotOn

The Most Innovative Dog Fence

 

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Their Boundary Basics let you create, edit and save fences at home, on the go, or if you move—all within an easy-to-use app. Or, select Boundary Boost for all basic features, plus tracking upgrades and more! Their True Location™ GPS technology works in remote areas and under dense tree cover. To start living life unleashed, use code GPS1440 and save $100.

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Etcetera
 

Memorial Day photos from around the country.

 

Visualizing Mexico City's ever-present volcano threat.

 

Ranking the 21st century's best television finales.

 

How student ambitions have shifted over two decades. (via YouTube)

 

Justin the service dog earns a diploma

 

Lawyer apologizes for botched ChatGPT-generated legal brief.

 

Artist installs underwater coral guardians.

 

The appeal of watching nothing happen on YouTube.

 

Clickbait: Florida community terrorized by a sassy cat.

 

Historybook: Joan of Arc is executed (1431); Historian and philosopher Voltaire dies (1778); First Indianapolis 500 is held (1911); Lincoln Memorial is dedicated (1922); Musician CeeLo Green born (1974).

"Common sense is not so common."

- Voltaire

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