Office of Management and Budget News & Breaking Stories

Marijuana may be reclassified from Schedule I to Schedule III, changing regulations and potentially impacting taxes and research. Mixed reactions arise.

US becomes a major Bitcoin mining hub after China's ban, but now faces regulatory scrutiny. Lawsuit filed over sensitive data collection.

Conservative lawmakers proposed a bill to fund the government through October 31, but the Senate and some House lawmakers aren't onboard. A government shutdown could happen in 13 days.

Chipmaker Nvidia and seven other companies have agreed to a set of artificial intelligence (AI) standards led by the White House. The standards include requirements to disclose AI-generated content, share vulnerabilities, and commit to external testing before releasing products. The companies joining the agreement include Adobe, Palantir, IBM, and Salesforce. The White House has been engaging with industry on AI development and is promoting steps to ensure AI safety and security. The agreement will go into effect immediately and requires companies to prioritize research into minimizing harm and addressing security challenges.