| | Good morning, it is Thursday, June 20, and we're covering Baseball legend Willie Mays passing, A new American Budget issue, A set of new laws to protect us from AI & much more!! First time reading? Sign up here. | | American Fact of the Day! | Willie Mays is that he was one of the few players in baseball history to hit four home runs in a single game. This remarkable feat occurred on April 30, 1961, when Mays, playing for the San Francisco Giants, achieved this incredible milestone against the Milwaukee Braves. Hitting four home runs in a single game is a feat that only a select few players have accomplished in the history of Major League Baseball, highlighting Mays' exceptional talent and ability as a power hitter. |
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| | Breaking Updates | | Boeing Committed ''the Deadliest Corporate Crime in US History'' and Should Be Fined $24 Billion, Victims' Families Say | Families of victims from two Boeing 737 Max crashes have urged the US Justice Department to levy the maximum possible fine of $24 billion against the company, describing Boeing's actions as the "deadliest corporate crime in US history." This appeal comes as the Justice Department considers criminal prosecution of Boeing for safety lapses following the crashes in Indonesia and Ethiopia in 2018 and 2019, respectively, which claimed 346 lives. The families' attorney emphasized the need for aggressive prosecution, including targeting former CEO Dennis Muilenburg, to ensure accountability and prevent any statute of limitations from expiring. | Boeing, which previously reached a deferred prosecution agreement with the Justice Department in 2021, has faced criticism for its handling of the aftermath of the crashes. The agreement, which involved a $2.5 billion payment primarily to airlines and a fund for victims' families, has been questioned for not sufficiently holding Boeing accountable. The recent breach of this agreement due to safety incidents has prompted the Justice Department to reevaluate its approach, with a decision expected by July 7 on how to proceed. | In response to these developments, current Boeing CEO Dave Calhoun has publicly acknowledged the company's imperfections and the need to rebuild public trust. Despite Boeing's significant financial losses totaling $31.9 billion since the grounding of the 737 Max, the families' request for a $24 billion fine underscores their demand for robust consequences and oversight to ensure safety improvements and corporate accountability moving forward. | Read more updates here |
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| 2024 Federal Budget Deficit Projection Rises to Nearly $2 Trillion | The Congressional Budget Office (CBO) has projected that the federal budget deficit for the fiscal year 2024 will reach $1.9 trillion, marking a significant increase from its earlier estimate of $1.5 trillion in February. This 27% rise is attributed to several factors, including new legislation providing $95 billion in aid to Ukraine, Israel, and the Indo-Pacific, delayed recovery of payments from failed banks in 2023 amounting to $70 billion, and increased Medicaid spending. Notably, President Joe Biden's student loan policies, which include loan cancellations and new repayment plans with subsidies, have contributed an additional $145 billion to the deficit. | Biden's initiatives have already forgiven $167 billion in loans for 4.75 million borrowers, with plans to extend relief to nearly 30 million borrowers overall. Much of this relief targets borrowers in income-driven repayment plans and the public service loan forgiveness program. While the administration argues that this debt relief could stimulate consumer spending and benefit borrowers' economic prospects, critics highlight concerns over its substantial cost to the federal government. | Moreover, other factors exacerbating the deficit include rising interest rates and the lingering fiscal impact of the 2017 Trump tax cuts, which the CBO suggests could add up to $5 trillion over a decade if extended. With the national debt projected to exceed $56 trillion by 2034, calls for comprehensive congressional action to address the growing debt burden are intensifying from deficit hawks and nonpartisan fiscal advocacy groups. | Read more updates here | | | American Sports & Culture |  | Willie Mays dies at 93: Barry Bonds, Ken Griffey Jr., Derek Jeter, Keith Hernandez, more honor MLB legend | Bonds, Mays' godson, was one of the first to publicly share his condolences |
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|  | How to watch the Copa America 2024 tournament: Where to stream games, broadcast schedule and more | The Copa America 2024 soccer — or football — tournament kicks off this week. Here's what you need to know. |
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|  | Pistons fire coach Monty Williams one season into record-setting $78.5 million contract | Williams went 14-68 in one season with the Pistons |
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| American Business & Markets |  | Stellantis plans to grow Jeep sales 50% by 2027 | Stellantis expects to grow sales of Jeep vehicles during the next three years to roughly 1.5 million units globally. |
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|  | Once you hit this credit score 'you're good,' says credit expert—here's how to get even better | The average American credit score is 716, according to FICO. You'll need to get into the mid 750's to score the most attractive offers, credit experts say. |
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|  | Netflix to open 2 massive venues with experiences, shops themed to its shows | Netflix is opening massive entertainment venues in two cities that it says will allow fans to immerse themselves in the worlds of their favorite shows. |
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| | American Politics |  | New AI deepfake porn bill would require Big Tech to police and remove images | The new bill will seek to hold social media companies accountable for policing and removing AI generated deepfake porn images on their sites. |
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|  | Louisiana classrooms now required by law to display the Ten Commandments | CNN Politics | Louisiana public schools are now required to display the Ten Commandments in all classrooms, after Republican Gov. Jeff Landry signed the requirement into law on Wednesday. |
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|  | How immigrants are helping keep job growth hot while inflation cools | Recent spikes in immigration at the southern border and elsewhere in the U.S. have helped to keep the labor pool full, even as job gains kept apace. |
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