CBP Chief Says Border Wall Should Be Finished By Late 2027

"Looking For Lifeline": Spirit Airlines Asks Trump Admin For Emergency Bailout Bankrupt Spirit Airlines appears to be flying on fumes, with a late Friday report indicating the budget carrier has become so desperate for cash that it has approached the Trump administration for an emergency bailout, even as creditors mull pulling the plug at any moment. Aviation news website The Air Current reports that Spirit has asked the Trump administration for "hundreds of millions of dollars in emergency funding" to offset the surge in jet fuel costs that have pushed the...

Why Texas Is Making Data Centers Wait Authored by Ryan McEntush via Andreessen Horowitz (a16z), At the end of 2024, Texas' grid operator had 63 GW of large new customers in its queue. By this June, that figure reached 474 GW, more than five times record peak demand, about 90% of it data centers. Then Texas hit pause. What began as directions for data centers to pay for their own grid upgrades has since escalated to a freeze on all new permits. If you care about AI and American reindustrialization, this is...

"Shocking Levels Of Distress": CMBS Delinquencies Unexpectedly Soar To COVID Highs With market focused on private credit as the next credit market crisis vortex, many have forgotten that CMBS, the asset class that was smashed in the aftermath of covid as hundreds of office buildings were suddenly left vacant, has been teetering on the edge for years. For some, it proved to be a lucrative bet as the "next big short" after various office-heavy CMBX tranches collapsed in 2020 and 2021. But due to the slow-burning nature of commercial real-estate...