Nicholas Rossi, the convicted rapist who authorities said faked his death and fled to Scotland, has died in a Utah hospital. Corrections officials said he died from complications of an existing medical condition after discontinuing treatment.
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California Gov. Gavin Newsom is proposing a federal minimum tax on billionaires and a national AI equity fund while opposing a billionaire tax on California’s November ballot. He says wealth taxes should be handled nationally and that AI gains should help support workers and public programs.
At least 235 people were killed and about 4,300 injured after two powerful earthquakes struck Venezuela less than a minute apart. International rescue teams and aid shipments are arriving as hospitals fill and crews search for people trapped under rubble.
Trump’s push for the SAVE America Act has delayed a bipartisan housing bill and triggered a House conservative blockade of floor action. Senate Republican leaders say the elections bill does not have the votes to pass.
Apple raised prices on several MacBook, iPad and other devices, blaming surging memory and storage costs linked to AI data center demand. Microsoft’s Xbox division also announced console price increases as chip costs climb.
The Fed’s preferred inflation measure rose at a 4.1% annual pace in May, the fastest since April 2023, as energy prices climbed. Consumer spending and incomes still increased after adjusting for inflation.
The Trump administration asked Congress for $87.6 billion in supplemental spending, with about $67 billion directed to Pentagon needs tied to the Iran war. The request faces resistance after lawmakers passed a war powers resolution challenging the president’s military action.