Budget Stalls, Medicaid Changes Eyed, DOJ Fights Voter Lawsuit Intervention

The North Carolina General Assembly is struggling to pass a biennial budget, with the House and Senate at odds over tax reductions and revenue projections. Meanwhile, Wolfspeed, a semiconductor supplier, is planning to file for Chapter 11 bankruptcy due to financial struggles. The company manufactures wide bandgap semiconductors used in electric vehicles and has over $6.5 billion in debt. The state's Medicaid expansion is also facing uncertainty as lawmakers prepare for potential federal funding cuts.