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On The Money: Senate braces for nasty debt ceiling fight | Democrats pushing for changes to bipartisan deal | Housing prices hit new high...

Republicans are digging in on the federal debt limit, warning Democrats that it will be up to them to avoid a default as President Biden pushes for trillions more in spending.

Jobless Claims Hit 419,000 Last Week: Forbes

"Higher than expected" U.S. unemployment in "bumpy labor market recovery," according to Forbes.

Hollywood leaving California for New Mexico tax incentives

A 35% tax incentive has brought NM $623M from the movie industry this year.

One homebuilding giant is turning down orders due to red-hot demand

Red-hot demand for houses sounds like great news for homebuilders. But builders aren’t as thrilled as you might expect, and one builder is actually turning down orders.

Netflix stock tanks as subscriber numbers drop

1st time platform has lost domestic customers in 2 years.

After Massive Web Outage, Akamai Implements “Fix”, Says “Not Cyberattack”

Websites worldwide are slowly coming back online as Akamai tweets the ongoing situation "was not a result of a cyberattack on the Akamai platform."

Test vote on Biden’s bipartisan infrastructure bill fails Senate amid GOP objections

Legislation needed 60 votes to break a filibuster and proceed to the roughly $1 trillion bill.

FTX raises largest-ever VC round for a crypto company

FTX, a Hong Kong-based cryptocurrency exchange that launched in 2019, raised $900 million in Series B funding at an $18 billion valuation.

Internet service providers spent $230M on lobbying, donations

Internet service providers and their trade associations spent more than $230 million on lobbying and political donations during the 116th Congress as they influenced legislation to expand broadband access, according to a report released Monday.

AT&T scrambles to sell ad tech unit Xandr as losses mount

AT&T is in discussions to sell its ad unit to Indian ad tech giant InMobi, sources tell Axios.

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