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Congress and the White House are on the brink of an agreement that would raise the debt limit until July 31, 2021 and increase government spending for two years, Bloomberg News reports. The question remains whether President Donald Trump, who’s been briefed on the outline, will support it. 

Here are today’s top stories

Jeff Williams co-created the Apple Watch and runs the company's global operations. With the departure of Jony Ive, he's now taken over the design studio as well, making him the second most important person at Apple and Tim Cook's heir apparent as CEO. So what's he like?

Iran has handed down death sentences to several nationals accused of being part of a CIA-trained spy network, an official said on Monday.

Goldman Sachs is having one of its more unusual deals investigated by a private intelligence firm. Investors snapped up $1.2 billion worth of bonds that channeled proceeds to a cluster of airlines linked to Etihad Airways; two years later, it went bust. Now a group of creditors wants to know how the deal came together.

American farmers are making more money advocating for the industry on social media than actually farming.

The Pentagon revealed a few details about a secret Army mission that has Black Hawk helicopters flying missions over Washington D.C.

Several Democratic presidential candidates want to make public college free, but their plans could pose a major threat to the survival of the country's 1,700 private institutions.

What’s Sid Verma thinking about? The Bloomberg cross-asset reporter says Wall Street concern over "crowded trades" is legitimate. While risk aversion and herding are nothing new, the extent to which active funds are willing to pay up for popular stocks is at extreme levels, according to a recent note from Bank of America strategists.

What you’ll need to know tomorrow

  • Goldman Sachs says stocks likely won't go up much higher.
  • Sawdust might be one answer to the world's plastic problem.
  • Brexit may have already triggered a U.K. recession, think tank says.
  • Critics panned Disney's "Lion King," but it's roaring at the box office.
  • If you thought Westchester taxes couldn't be higher, think again.
  • Bloomberg Opinion: Provoking Iran can blow a hole in oil flows.
  • U.S. polygamists admit  $512 million renewable-fuel tax credit fraud.

What you’ll want to read in Businessweek

One evening last August, Rick Doblin pedaled a borrowed bicycle across the baked earth playa of Nevada’s Black Rock Desert, site of the annual Burning Man festival. Ignoring swerving cyclists, stoned pedestrians, and tinny electronic dance music, he rode past a giant wheeled schooner with revelers splayed across its decks. Doblin, the world’s leading advocate for the medical use of methylenedioxymethamphetamine (MDMA), was on a mission: to track down Sergey Brin and talk about drugs.

To contact the author of this story: Josh Petri in Portland at jpetri4@bloomberg.net

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