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CNA
44 minutes ago
- CNA
US Senate strikes AI regulation ban passage from Trump megabill
WASHINGTON: The Republican-led US Senate voted overwhelmingly on Tuesday (July 1) to remove a 10-year federal moratorium on state regulation of artificial intelligence from President Trump's sweeping tax-cut and spending bill. Lawmakers voted 99-1 to strike the ban from the bill by adopting an amendment offered by Republican Senator Marsha Blackburn. The action came during a marathon session known as a "vote-a-rama," in which lawmakers offered numerous amendments to the legislation that has now passed through the upper chamber of Congress. The Senate version of Trump's legislation would have only restricted states regulating AI from tapping a new $500 million fund to support AI infrastructure. The AI clause is part of the wide-ranging tax-cut and spending bill sought by President Donald Trump, which would cut Medicaid healthcare and food assistance programs for the poor and disabled. Vice President JD Vance cast the tie-breaking vote in the Senate to pass the bill, which now moves back to the House for consideration. Major AI companies, including Alphabet's Google and OpenAI, have expressed support for Congress taking AI regulation out of the hands of states to free innovation from a panoply of differing requirements. Blackburn presented her amendment to strike the provision a day after agreeing to compromise language with Senate Commerce Committee chair Ted Cruz that would have cut the ban to five years and allowed states to regulate issues such as protecting artists' voices or child online safety if they did not impose an "undue or disproportionate burden" on AI. But Blackburn withdrew her support for the compromise before the amendment vote. "The current language is not acceptable to those who need these protections the most," the Tennessee Republican said in a statement.
CNA
an hour ago
- CNA
Trump says he won't extend July 9 trade deadline, expresses doubt on Japan deal
WASHINGTON :President Donald Trump said on Tuesday he was not thinking of extending the July 9 deadline for countries to negotiate trade deals with the U.S., and continued to express doubt that an agreement could be reached with Japan. "We've dealt with Japan. I'm not sure we're going to make a deal. I doubt it," Trump told reporters aboard Air Force One as he returned to Washington from a trip to Florida. Trump suggested he could impose a tariff of "30 per cent or 35 per cent or whatever the number is that we determine" on imports from Japan - well above the 24 per cent tariff rate he announced on April 2 and then later paused.
Independent Singapore
4 hours ago
- Independent Singapore
The caregiving crisis: Why paid leave is becoming a make-or-break workplace benefit
As caregiving duties have increasingly impacted workers of all generations, business owners and company managers are facing a critical moment. A new report from Prudential Financial featured in an HRDive article warns that corporations risk losing valuable talent if they don't offer a paid caregiving leave benefit. According to Prudential's study of nearly 3,000 permanent personnel and 750 U.S. proprietors, paid caregiving leave is swiftly evolving as one of the most sought-after workplace paybacks. Yet, only 52% of companies presently provide it. 'Caregiving isn't a niche issue — it's a workplace reality,' said Michael Estep, president of Prudential Group Insurance. 'Employees across every demographic are asking for paid leave, and employers who don't respond risk losing talent.' While countless businesses have incorporated paid parental leave (89%) and military leave (55%), caregiving and pregnancy loss leave still lag, provided by just more than half of employers. The divide is conspicuous. Notwithstanding 63% of corporations saying they offer paid leave, a third of employees report they wanted free time for family or medical reasons but couldn't take it. Major barriers consist of financial pressures, humiliation, fear of losing impetus in one's career, and guilt for saddling additional work on coworkers. Managers aren't without apprehensions and anxieties of their own. Although 69% admit that paid leave completely influences business results, such as productivity, employee morale, and retention, they remain cautious about probable abuse and usually depend on unpaid leave or short-range disability programs as an alternative. The answer, Prudential suggests, lies in effective and better communication, and a more calculated style of management. Workers say they want clear-cut explanations of their benefits. Simultaneously, employers are seeking direction to effectively steer multifaceted and wide-ranging state leave regulations. 'Embracing paid leave as an essential benefit that supports the well-being of caregivers in the workplace can be a powerful strategy to attract and retain talented workers,' Estep said. 'It also supports them in ways that boost satisfaction, loyalty, and performance.' The caregiving crunch is hitting some groups harder than others. Half of mothers in the purported 'sandwich generation,' those caring for both children and ageing parents, say they were compelled to leave a job due to caregiving demands, according to a different report conducted by Motherly and the University of Phoenix Career Institute. Two-thirds say their employers' benefits don't effectively support their caregiving tasks, whether for children or older dependent relatives. As parental leave becomes more of the norm, specialists believe firms will start developing comprehensive caregiving benefits. Specifically, flexible work arrangements are evolving as a rescue for workers who juggle double caregiving roles. In today's workplaces, paid caregiving leave is no longer an indulgence; it's a requirement. For establishments that want to keep valuable talent, the message is clear — support your caregivers, or you lose them.
