Treasury Secretary Janet Yellen has announced that the department will begin taking special accounting measures to avoid breaching the US debt limit. She has urged lawmakers to boost the ceiling to avert a devastating payments default.

Tesla's recent price cuts and the chaotic implementation of President Biden's new tax credits for electric vehicles obscure a bigger picture: the shift to EVs in America is getting serious. With more and more people making the switch to electric vehicles, it's clear that this is the future of transportation. Tesla is leading the way in this transition, and with the introduction of new, more affordable models, it's only going to continue to grow in popularity.

A ray of hope arrived too late for struggling SPACs that were forced to liquidate at a record pace last month.