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The U.S. Treasury set a $6 billion maximum for its Sept. 10 buyback operation of off-the-run notes and bonds, up from prior levels. The 10-year Treasury yield climbed to 4.85% on Wednesday, its highest since November 2023, before easing slightly.
Sen. Ted Cruz (R-Texas) warned that the rapid development of artificial intelligence poses serious and potentially catastrophic risks while urging the U.S. to establish safeguards without falling behind China. Cruz Pushes AI Guardrails On Wednesday, in a post on X, Cruz said AI was advancing at an "extraordinary pace"