SUMMARY: President Trump’s tariffs on China, Mexico, and Canada have raised concerns about a potential recession in the U.S. A recession is defined as a significant decline in economic activity, lasting more than a few months, often marked by two consecutive quarters of negative GDP. During a recession, unemployment typically rises, consumer spending often decreases, and manufacturing can decline, leading to falling prices and increased government deficits. Current predictions of a recession’s likelihood vary, with Goldman Sachs estimating a 20% chance, and J.P. Morgan Chase forecasting a 40% chance, highlighting the uncertainty among experts.

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SUMMARY: A cargo ship collided with a tanker transporting jet fuel for the U.S. military off eastern England, resulting in fires and explosions that burned for over 24 hours. One sailor is presumed dead, while 36 crew members were rescued. The Portugal-registered Solong hit the U.S.-flagged MV Stena Immaculate, causing a leak of jet fuel into the North Sea, although no significant pollution has been reported. Environmentalists warn of potential harm to marine life and seabirds, especially given the collision’s location near fishing grounds. Investigations are ongoing, and the U.K. government is monitoring the situation and air quality.

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SUMMARY: A controversial education bill is making its way through the Texas House, with ongoing debates over school vouchers. Governor Abbott supports the vouchers, arguing they give parents control over their children’s education. However, critics, including educators and the Texas State Teachers Association, oppose House Bill 2, which introduces the voucher program, arguing it would divert funds from public schools. Meanwhile, House Bill 3 proposes a school choice program with $1 billion allocated to education savings accounts for qualifying families, prioritizing low-income students and those with disabilities. The debate continues as a public hearing is scheduled today at 8 a.m.

The Texas Legislature is set to continue discussions on school vouchers today as the House considers two key bills that could reshape public education in the state.

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