The news to know for Tuesday, May 2, 2023!

America's lawmakers need to make a deal, and time is running out. We'll explain what's at stake If they can't address the debt ceiling in the next few weeks.

Also, we'll tell you about the second-largest bank failure in American history and what regulators now want to change about the whole system.

Plus, AI that can turn people's thoughts into text, a writer's strike that could impact your favorite TV show, and a famous rock group is calling it quits after one last tour.

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