Welcome back to Econ Recaps! In recent news, major banks are closing physical branches due to the rise of online banking. The White House warns of the consequences if the debt ceiling isn't raised by June 8th. China has found cybersecurity issues with Micron, impacting their sales. Next week, we have a busy schedule of earnings reports and important economic events. Stay tuned and subscribe for more Econ Recaps. Cheers!