CBO director: growth projections needed to stabilize federal debt assume interest rates of 4%–5%.

Defense Secretary Hegseth boarded the USS Abraham Lincoln on Wednesday to present the strike group with the Presidential Unit Citation after it returned to San Diego following a deployment of more than 10 months. Pentagon data show the strike group flew 3,693 combat sorties, expended about 1.37 million pounds of ordnance, launched 450 Tomahawk cruise missiles, shot down 77 one‑way attack drones, sank 64 Iranian vessels and destroyed 21 anti-ship cruise missiles. U.S. Navy officials and earlier reports said the deployment strained personnel, supplies and mental health; Navy officials previously said eight sailors attempted suicide during the tour.

Market sources: OpenAI is investigating reports of service errors affecting ChatGPT and GPTs among Asia-Pacific users.