| Details of debt limit deal emerge |
| The full legislative text of Speaker Kevin McCarthy’s debt limit agreement in principle with President Biden includes a two-year suspension of the debt ceiling, allowing the government to borrow as much money as it needs to pay its bills during that time period — as long as Congress passes the agreement before June 5, when the U.S. is forecast to run out of cash. |
| In exchange for suspending the limit, Republicans demanded a range of policy concessions, including limits on the growth of federal discretionary spending over the next two years and some new work requirements for certain welfare recipients. Both sides agreed to modest efforts meant to accelerate the permitting of some energy projects. |
| Under the new legislation, the debt limit will be set at whatever level it has reached when the suspension ends in 2025. For political reasons, Republicans tend to prefer suspending the debt limit rather than raising it, because it allows them to say they did not technically green-light a higher debt limit. |
| Details: The bill cuts spending on so-called nondefense discretionary, which includes domestic law enforcement, forest management, scientific research and more, for the 2024 fiscal year. It would limit all discretionary spending to 1 percent growth in 2025, which is effectively a budget cut, because that is projected to be slower than the rate of inflation. |
 Abubaker Lubowa/Reuters |
| The president of Uganda signed a punitive anti-gay bill yesterday that includes the death penalty as a punishment.China plans to land a person on the moon by 2030, a government official said yesterday.The Indian state of Sikkim is offering cash to encourage people to have babies, a sign of the country’s uneven population growth. |
| Other Big Stories |
 Alexi Rosenfeld/Getty Images |
| It’s time for New Yorkers to get very excited about the setting sun: Manhattanhenge is back.After winning re-election in Turkey, Recep Tayyip Erdogan is expected to ratify Sweden’s membership in NATO.The 2018 mass shooting at the Tree of Life synagogue in Pittsburgh has led to an ambitious effort to protect Jewish institutions in the U.S.A case involving a graduate student and her art history professor illustrates the tangled state of sexual power dynamics in Japan. |
| What Else Is Happening |
| A bar fight gone wrong: How a small-town tragedy became a right-wing talking point.Tina Turner immortalized her Tennessee hometown, Nutbush, in a song, opening it up to the world.Is this octopus having a nightmare? |
| A Morning Read |
 Illustration by The New York Times. Fine Art Images/Heritage Images, via Getty Images; Imagno, via Getty Images. |
| After a van Gogh painting sold at auction, a movie producer claimed to be the winning bidder. The picture later vanished from sight, with a trail leading to Caribbean tax havens and a jailed billionaire who had been one of the most influential tycoons of China’s gilded age. The painting’s location is now unknown. |
| SPORTS NEWS FROM THE ATHLETIC |
| If Chelsea buys into its new coach’s vision, the sky is the limit: The soccer club’s incoming boss, Mauricio Pochettino, will look to build a culture where none currently exists. |
| The summer transfer outlook for members of the U.S. men’s national team: Where will Christian Pulisic, Tyler Adams and Yunus Musah end up? |
| What Formula 1’s Monaco Grand Prix taught us about 2023: What does the race mean in the context of the season so far and looking ahead? Here are five takeaways. |
| TIPS FROM WIRECUTTER |
| Stop misplacing everything |
| How do you keep track of your keys, phone, tools, notebooks, jacket — and everything else? Assuming this is general forgetfulness and not a sign of a more serious neurological issue or aging-related cognitive decline (if you suspect it is, please see a doctor for medical advice), these tricks from Wirecutter might help. |
| Give your stuff a home. The idiom goes, “a place for everything and everything in its place.” Not only do your things need somewhere to go, they also need to be returned to that spot after you’re finished using them. One idea: Hang your keys from an entryway key rack, and add small carabiners or clips to other objects so they can be hung there as well. |
| Track your objects. Bluetooth trackers can be used to find tools, keys, remotes and water bottles (the devices are water-resistant). You can even use them to locate your car. The smallest among them can fit onto the stem of a pair of eyeglasses, making them a great option for forgetful spectacle wearers. |
| Eliminate or adjust the often-lost item. Always forgetting your keys? Try a keyless smart lock. Can’t keep track of your notebook? Consider downsizing, or simply switching to the Notes app on your phone. |
