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The debt ceiling deal passed the Senate last night.

What to know: The bill would suspend the debt limit, which controls how much money the U.S. can borrow, until Jan. 2, 2025. It also cuts some government spending. Why this matters: It prevents an economic catastrophe. The deal is on track to take effect by Monday, when the government would no longer be able to pay all of its bills. The final step: President Biden must sign it into law.

A key Trump investigation has expanded.

What investigation? It’s examining efforts by President Donald Trump and his allies to overturn his 2020 presidential election defeat in Georgia. The latest: Investigators are looking at activities in Washington, D.C., and several other states beyond Georgia, The Post reported this morning. What this means: It’s a sign that prosecutors may be building a case for a far-reaching criminal scheme under Georgia’s racketeering laws. A charging decision is expected this summer.

The jobs market is still going strong.

What to know: The U.S. economy added 339,000 jobs in May, according to figures released this morning. It was the 29th straight month of solid job growth. The big picture: There are signs the economy is cooling down, as rising prices and interest rate hikes take a toll, but the jobs market has helped keep the U.S. from slipping into a recession.

One of the biggest cities in the U.S. is facing a groundwater shortage.

What’s happening? The Phoenix area, where more than 5 million people live, doesn’t have enough groundwater to meet demand over the next 100 years, a new study found. Why this matters: It’s a preview of a hotter, drier future. Communities on the outskirts of Phoenix are growing fast. This could bring that development to a halt.

The 2023 hurricane season has officially begun.

What to expect: Unusually warm Atlantic waters could fuel more intense storms, experts have warned. The season is expected to peak in late August and into September. This weekend: A tropical depression in the Gulf of Mexico, which could become the first named storm, is expected to bring unsettled, rainy weather to Florida.

California is changing how it charges for electricity.

How? Customers will be billed based on income as well as how much power they use, according to a new state law. The richest Californians could end up paying $500 more a year. Why? California’s electricity rates are sky-high. This is an attempt to make power more affordable, though critics say it will eat into progress of energy efficiency.

An eighth-grader from Florida won the Scripps National Spelling Bee.

What to know: Dev Shah, 14, came out on top in the country’s most-watched spelling challenge. Charlotte Walsh, also 14, from Virginia, came in second. How he did it: By correctly spelling “psammophile,” a plant or animal that thrives in sandy areas. Walsh dropped out after misspelling “daviely,” meaning listlessly.