The White House is unveiling budget, a sweeping framework proposing steep reductions in non-defense domestic spending while increasing expenditures on national security. The budget plan released Friday shows a desire to crack down on diversity programs and initiatives to address climate change.
Meanwhile, the Trump administration has asked the to strip from , potentially exposing them to being deported.
Here's the latest:
Trump insists the economy will do 鈥榝antastically鈥� despite recession concerns
The president in an interview with NBC News鈥� 鈥淢eet the Press鈥� said the U.S. economy is in a 鈥渢ransition period鈥� but he expects it to do 鈥渇antastically.鈥�
Trump, in an excerpt of the interview that is to air Sunday, snipped at NBC鈥檚 Kristen Welker when she noted that some Wall Street analysts have expressed concerns that chances of a recession are increasing.
鈥淲ell, you know, you say, some people on Wall Street say,鈥� Trump said. 鈥淲ell, I tell you something else. Some people on Wall Street say that we鈥檙e going to have the greatest economy in history.鈥�
Wall Street extended its gains to a ninth straight day Friday, marking the stock market鈥檚 longest winning streak since 2004 and reclaiming the ground it lost since Trump escalated his trade war in early April.
But financial markets have been volatile. confidence is at its lowest level in five years. And say recession risks are rising.
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This entry has been updated to correct the name of the NBC television journalist to Kristen Welker, not Kirsten.
Military parade to celebrate the Army鈥檚 250th anniversary will be held on 罢谤耻尘辫鈥檚 birthday
The Army on Friday confirmed there will be a military parade on 罢谤耻尘辫鈥檚 birthday in June, as part of the celebration around the service鈥檚 250th birthday.
, as first detailed by The Associated Press on Thursday, call for about 6,600 soldiers to march from Arlington, Virginia, to the National Mall along with 150 vehicles and 50 helicopters. Until recently, the Army鈥檚 anniversary festival plans did not include a massive parade, which officials say will cost tens of millions of dollars.
But Trump has long wanted a military parade, and discussions with the Pentagon about having one in conjunction with the anniversary festival began less than two months ago.
The Army鈥檚 250th birthday happens to coincide with 罢谤耻尘辫鈥檚 79th birthday on June 14.
In a statement Friday, Army spokesperson Steve Warren said the Army鈥檚 birthday celebration will include 鈥渁 spectacular fireworks display, a parade, and a daylong festival on the National Mall.鈥�
Head Start survives Trump administration budget proposal
The Trump administration apparently has backed away from a proposal to , the early education program that serves some of the nation鈥檚 neediest preschoolers.
Backers of the program were fretting after a leaked Trump administration proposal suggested defunding it. Project 2025, the conservative blueprint drawn up by the Heritage Foundation and co-authored by 罢谤耻尘辫鈥檚 current budget chief, also called for cutting Head Start.
But the budget summary released Friday, which outlined programs set to receive drastic cuts or boosts, did not mention Head Start. An administration official, who insisted on anonymity to preview the budget plan on a call with reporters, said there would be 鈥渘o changes鈥� to it.
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Associated Press reporter Moriah Balingit contributed.
Judge blocks Trump executive order targeting elite law firm, a blow to his retribution campaign
U.S. District Judge Beryl Howell said the executive order against the law firm of Perkins Coie violated multiple provisions of the Constitution and ordered that it be immediately nullified.
The order sought to punish the firm by stripping the security clearances of its lawyers, blocking its employees from accessing federal buildings and canceling federal contracts involving the firm.
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White House launches lo-fi MAGA video
The White House has launched a video of a cartoon Trump seated in the Oval Office and scribbling on a paper, while a list of promises his administration has made scrolls past. Each item on the list is then followed by headlines suggesting Trump kept his word on the issue.
The video is titled 鈥淟o-fi MAGA Video to Relax/Study To鈥� and puts a political 鈥淢ake American Great Again鈥� spin on a genre of online content that can relax some listeners.
It features a serious-faced Trump in a suit and tie who scribbles wordlessly and endlessly on a page with several lines of unintelligible print. The moon and stars are visible out the window behind him.
The song 鈥淢id August鈥� by sero plays on a loop for the entirety of the video, which resets after about 20 minutes.
Trump administration reaches agreement to settle lawsuit over Ashli Babbitt鈥檚 fatal shooting at Capitol riot
Lawyers for Babbitt鈥檚 estate and the Justice Department told a judge in Washington鈥檚 federal court that they have reached a settlement in principle, but the details are still being worked out and the final agreement has not yet been signed. The terms of the settlement have not been disclosed.
Babbitt鈥檚 estate filed the $30 million lawsuit last year over her fatal shooting when she attempted to climb through the broken window of a barricaded door leading to the Speaker鈥檚 Lobby inside the Capitol on Jan. 6, 2021.
The Capitol Police officer who shot her was cleared of wrongdoing by the U.S. Attorney鈥檚 Office for the District of Columbia, which concluded that he acted in self-defense and in the defense of members of Congress. Capitol Police also cleared the officer.
Trump administration asks Supreme Court to let DOGE access Social Security systems
The emergency appeal comes after a judge in Maryland restricted the team鈥檚 access to the systems under federal privacy laws.
Social Security holds personal records on nearly everyone in the country, including school records, bank details, salary information, and medical and mental health records for disability recipients, according to court documents.
The government says the DOGE team needs access to target waste in the federal government. Musk has been focused on Social Security as an alleged hotbed of fraud, describing it as a 鈥� 鈥� and insisting that reducing waste in the program is an important way to cut government spending.
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Wall Street extends its gains to a 9th straight day, reclaiming losses since tariff escalation
The rally on Friday marks Wall Street鈥檚 longest winning streak since 2004, reclaiming the ground it lost since Trump escalated his trade war in early April.
The gains were spurred by a better-than-expected report on the job market and resurgent hope of a ratcheting down of the trade showdown with China.
The S&P 500 climbed 1.5%. The Dow Jones Industrial Average added 1.4%, and the Nasdaq composite rose 1.5%. Treasury yields rose in the bond market after the government reported that employers added more jobs than forecast in April.
CIA releases Mandarin-language videos to encourage Chinese officials to spill secrets
The CIA has a message for Chinese government officials worried about their place in President Xi Jinping鈥檚 government: Come work with us.
America鈥檚 premier spy agency released two on social media Thursday inviting disgruntled officials to contact the CIA. The recruitment videos posted to YouTube and X racked up more than 5 million views combined in their first day.
The outreach comes as CIA has to boost both the agency鈥檚 use of intelligence from human sources and , which has recently targeted U.S. officials with its own .
The videos are 鈥渁imed at recruiting Chinese officials to steal secrets,鈥� Ratcliffe said in a statement to The Associated Press. He said China 鈥渋s intent on dominating the world economically, militarily, and technologically.鈥�
Trump administration agrees to halt Maine funding freeze initiated after dispute over trans athletes
In response, the state will drop its lawsuit against the U.S. Department of Agriculture, Maine Attorney General Aaron Frey announced.
The money that was suspended funds a statewide child nutrition program. A federal judge had ordered the Trump administration to unfreeze those funds last month after finding that Maine was likely to succeed in its legal challenge.
鈥淚t鈥檚 unfortunate that my office had to resort to federal court just to get USDA to comply with the law and its own regulations,鈥� Frey said in a statement.
A letter from Agriculture Secretary Brooke Rollins explained that the decision to suspend funding stemmed from a disagreement between Maine and the federal government over whether the state was complying with Title IX, the law that bans discrimination in education based on sex nationwide. Trump had accused Maine of failing to comply with his executive order barring transgender athletes from sports.
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2 major scientific societies will write a cornerstone climate report after Trump dismisses authors
The American Meteorological Society and the American Geophysical Union said Friday they will work together to produce peer-reviewed research documents assessing the current and future national impacts of climate change in the U.S.
Earlier this week, 罢谤耻尘辫鈥檚 Republican administration told about 400 scientists working on the National Climate Assessment that they are no longer needed and that the report was being reevaluated.
That report, coming once every four to five years, is required by a 1990 federal law and was due around 2027. Preliminary budget documents show slashing funding or eliminating offices involved in coordinating that report, scientists and activists said.
AGU President Brandon Jones says they are 鈥渁re filling in a gap in the scientific process.鈥�
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Defense Secretary Pete Hegseth orders Pentagon to develop new national defense strategy by Aug. 31
The strategy is the main blueprint that lays out the department鈥檚 priorities as it moves to confront national security threats around the world.
It will be Hegseth鈥檚 opportunity to highlight what he wants the U.S. military to focus on for the next several years, and how the department will shift toward 罢谤耻尘辫鈥檚 America First doctrine.
The draft also will have to reflect the impact of Hegseth鈥檚 sweeping personnel cuts and decisions to merge a number of military commands.
The order was signed Friday.
Canadian Prime Minister Mark Carney says he鈥檒l visit Trump at the White House on Tuesday
The high-stakes meeting comes as Trump continues his trade war and annexation threats.
Carney鈥檚 Liberal Party scored in a vote widely seen as a rebuke of Trump, whose trade war and outraged voters.
鈥淐anadians elected a new government to stand up to President Trump and build a strong economy,鈥� Carney said in his first remarks since since election night.
Carney also said will deliver a speech outlining the Canadian government鈥檚 priorities on May 27, when Parliament resumes. Charles is the in Canada, which is a member of the British Commonwealth of former colonies.
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Vice President JD Vance recaps the administration鈥檚 first 100 days in a newspaper op-ed
Vance says the Trump administration is keeping its promises.
In published by the Washington Post, Vance writes that he and Trump campaigned on reversing what they said are failures by the previous administration and returning to 鈥渟uccessful, proven policies鈥� from 罢谤耻尘辫鈥檚 first term.
鈥淎nd we鈥檙e delivering,鈥� Vance says.
He cites the crackdown on illegal immigration at the U.S.-Mexico border, 鈥渞eindustrializing鈥� of the American economy and 鈥渞ebalancing鈥� relations with trading partners. He doesn鈥檛 mention tariffs.
罢谤耻尘辫鈥檚 tariffs plans have caused worldwide economic uncertainty.
Vance ends by promising that 鈥渢he best is yet to come.鈥�
PBS chief decries 罢谤耻尘辫鈥檚 executive order directing federal funding cuts to PBS and NPR as unlawful
Public Broadcasting Service CEO Paula Kerger said the Republican president鈥檚 order 鈥渢hreatens our ability to serve the American public with educational programming, as we have for the past 50-plus years.鈥�
鈥淲e are currently exploring all options to allow PBS to continue to serve our member stations and all Americans,鈥� Kerger said.
Trump signed the order late Thursday, alleging 鈥渂ias鈥� in the broadcasters鈥� reporting.
The order instructs the Corporation for Public Broadcasting and other federal agencies to 鈥渃ease Federal funding鈥� for PBS and National Public Radio and further requires that they work to root out indirect sources of public financing for the news organizations. The White House, in a social media posting announcing the signing, said the outlets 鈥渞eceive millions from taxpayers to spread radical, woke propaganda disguised as 鈥榥ews.鈥欌��
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White House comes out with sharp spending cuts in 罢谤耻尘辫鈥檚 2026 budget plan
2026 budget plan would slash non-defense domestic spending by $163 billion while increasing expenditures on national security, according to statements released by the White House on Friday.
The budget showed a desire to crack down on diversity programs and initiatives to address climate change. But the administration has yet to release detailed tables on what it wants income taxes, tariffs or the budget deficit to be 鈥� a sign of the political and financial challenge confronting Trump when he鈥檚 promising to cut taxes and repay the federal debt without doing major damage to economic growth.
Budgets do not become law but for the upcoming fiscal year debates. Often considered a statement of values, this first budget since 罢谤耻尘辫鈥檚 return to the White House carries the added weight of defining the Republican president鈥檚 second-term pursuits, alongside his party in Congress.
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Hegseth keeps two aircraft carriers in the Mideast amid battle with Yemen鈥檚 Houthis
Defense Secretary Pete Hegseth has ordered the USS Harry S. Truman aircraft carrier to remain in the Middle East for the second time, a U.S. official says.
Hegseth is keeping it there one more week to maintain two carrier strike groups in the region to battle Yemen-based Houthi rebels, said the official, who spoke on condition of anonymity to discuss military operations.
In late March, Hegseth also extended the deployment of the Truman and the warships in its group for a month as part of a campaign to increase strikes on the Iran-backed Houthis.
The official said Hegseth signed the latest order Thursday and it鈥檚 expected that the Truman will head home to Norfolk, Virginia, after the week is up.
It has been rare in recent years for the U.S. to have two aircraft carriers in the Middle East at the same time.
鈥� Lolita C. Baldor
FDA rehires FOIA staffers after missing court deadlines to turn over documents
The Food and Drug Administration is bringing back some of the 100 recently fired staffers who process document requests under the Freedom of Information Act.
Staffers across several parts of the agency were notified of the decision Thursday in writing or by phone, according to two agency staffers who spoke on condition of anonymity to discuss agency matters. The notifications went out to employees who work in the centers for drugs, tobacco and other product areas. The FDA responds to thousands of FOIA requests each year from lawyers, journalists, companies and physicians.
In recent days, the FDA has missed multiple court-ordered deadlines to hand over documents to parties suing the agency, which can result in hefty fines. The missed deadlines prompted the decision to bring back FOIA staffers.
鈥� Matthew Perrone
Employers added surprising 177,000 jobs as job market shows resilience in face of 罢谤耻尘辫鈥檚 trade wars
Hiring in April was down slightly from a revised 185,000 in March and came in above economists鈥� expectations for a modest 135,000. The unemployment rate remained at a low 4.2%, the Labor Department reported Friday.
罢谤耻尘辫鈥檚 鈥� including massive import taxes 鈥� have clouded the outlook for the economy and the job market and raised fears that the American economy is headed toward recession.
But Friday鈥檚 report showed the job market remains solid.
鈥淭he labor market refuses to buckle in the face of trade war uncertainty,鈥欌�� said Christopher Rupkey, chief economist at fwdbonds, a financial markets research firm. 鈥淧oliticians can count their lucky stars that companies are holding on to their workers despite the storm clouds forming that could slow the economy further in the second half of the year.鈥欌��
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Prominent Washington lawyer opens his own practice, will represent targets of 罢谤耻尘辫鈥檚 retribution
Abbe Lowell鈥檚 clients have included Hunter Biden, Jared Kushner and Sens. John Edwards and Bob Menendez.
His current clients include New York Attorney General Letitia James. Lowell sent a letter to the Justice Department last week urging it to refuse a Trump administration official鈥檚 for mortgage fraud, calling it 鈥渋mproper political retribution.鈥�
Lowell is also representing Miles Taylor, a former Trump administration official who was singled out in a presidential memo last month in which Trump called for a Justice Department investigation of his activities, and Mark Zaid, a Washington lawyer whose security clearance Trump has moved to revoke.
In a statement announcing the creation of Lowell & Associates, Lowell said he was 鈥渆xcited to once again lead a small yet nimble team ready to represent companies, non-profits and individuals in need of our experience and dedication.鈥�
Wall Street points toward gains Friday as China considers US overtures on tariffs
That鈥檚 after China鈥檚 Commerce Ministry said overtures from the U.S. regarding 罢谤耻尘辫鈥檚 tariffs.
Futures for the S&P 500 gained 0.3% before the bell and were on track for a ninth straight day of gains. Futures for the Dow Jones Industrial Average added 0.4% and Nasdaq futures ticked up 0.2%.
Exxon Mobil鈥檚 reported its in years, stung by weaker crude prices and higher costs. Its shares ticked up less than 1% before markets opened Friday.
Shares in rival Chevron fell more than 2% after it also reported its smallest first quarter profit in years.
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Japan鈥檚 finance minister calls US Treasury holdings 鈥榓 card鈥� in tariff talks with Trump
Japan鈥檚 massive holdings of U.S. Treasurys can be 鈥渁 card on the table鈥� in negotiations over tariffs with the Trump administration, Finance Minister Katsunobu Kato said Friday.
鈥淚t does exist as a card, but I think whether we choose to use it or not would be a separate decision,鈥� Kato said during a news show on national broadcaster TV Tokyo.
Kato didn鈥檛 elaborate and he didn鈥檛 say Japan would step up sales of its holdings of U.S. government bonds as part of its talks over 罢谤耻尘辫鈥檚 tariffs on exports from Japan.
Earlier, Japanese officials including Kato had ruled out such an option.
Japan is the largest foreign holder of U.S. government debt, at $1.13 trillion as of late February. China, also at odds with the Trump administration over trade and tariffs, is the second largest foreign investor in Treasurys.
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Trump again threatens to strip Harvard University of its tax exempt status
鈥淲e are going to be taking away Harvard鈥檚 Tax Exempt Status,鈥� he wrote on his social media site Friday morning. 鈥淚t鈥檚 what they deserve!鈥�
Trump and his White House have repeatedly gone after Harvard. In addition to threatening its tax-exempt status, the administration has halted more than $2 billion in grants to Harvard and wants to block the school from being able to enroll international students.
Army plans for a potential parade on 罢谤耻尘辫鈥檚 birthday call for 6,600 soldiers, AP learns
The detailed Army plans for a potential in June call for more than 6,600 soldiers, at least 150 vehicles, 50 helicopters, seven bands and possibly a couple thousand civilians, The Associated Press has learned.
The planning documents, obtained by the AP, are dated April 29 and 30 and have not been publicly released. They represent the Army鈥檚 most recent blueprint for its long-planned 250th anniversary festival on the National Mall and the newly added element 鈥� a large military parade that Trump has long wanted but is still being discussed.
The Army anniversary just happens to coincide with 罢谤耻尘辫鈥檚 79th birthday on June 14.
While the slides do not include any price estimates, it would likely cost tens of millions of dollars to put on a parade of that size.
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Americans see more overreach from the president than from judges, an AP-NORC poll finds
As Trump from federal judges, a new poll shows U.S. adults are more likely to believe the president is the one overstepping his power rather than the courts -- although Republicans largely think the opposite.
According to a poll from , about half of Americans say the president has 鈥渢oo much鈥� power in the way government operates these days. On the other hand, Americans are more likely to believe the federal courts have an appropriate amount of authority. Only about 3 in 10 U.S. adults say that federal judges have 鈥渢oo much鈥� power.
Republicans see it the other way: Roughly half say the federal judiciary has too much power, and only about 2 in 10 say the president does.
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The Justice Department ended a decades-old school desegregation order. Others are expected to fall
When the Justice Department lifted a order in Louisiana this week, officials called its continued existence a 鈥渉istorical wrong鈥� and suggested that others dating to the Civil Rights Movement should be reconsidered.
The end of the 1966 legal agreement with Plaquemines Parish schools announced Tuesday shows the Trump administration is 鈥済etting America refocused on our bright future,鈥� Assistant Attorney General Harmeet Dhillon said.
Inside the Justice Department, officials appointed by Trump have expressed a desire to withdraw from other desegregation orders they see as an unnecessary burden on schools, according to a person familiar with the issue who was granted anonymity because they were not authorized to speak publicly.
Dozens of school districts across the South remain under court-enforced agreements dictating steps to work toward integration, decades after the Supreme Court struck down . Some see the court orders鈥� endurance as a sign the government never eradicated segregation, while officials in Louisiana and at some schools see the orders as bygone relics that should be wiped away.
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鈥� Collin Binkley
Trump signs executive order directing federal funding cuts to PBS and NPR
Trump on Thursday signed an executive order aiming to slash public subsidies to PBS and NPR as he alleged 鈥渂ias鈥� in the broadcasters鈥� reporting.
The order instructs the Corporation for Public Broadcasting and other federal agencies 鈥渢o cease Federal funding for NPR and PBS鈥� and further requires that that they work to root out indirect sources of public financing for the news organizations. The White House, in a social media posting announcing the signing, said the outlets 鈥渞eceive millions from taxpayers to spread radical, woke propaganda disguised as 鈥榥ews.鈥欌��
It鈥檚 the latest move by Trump and his administration to utilize federal powers to control or hamstring institutions whose actions or viewpoints he disagrees with. Since taking office, Trump has ousted leaders, placed staff on administrative leave and cut off hundreds of millions of dollars in funding to artists, libraries, museums, theaters and others, through takeovers of the and the National Endowment for the Humanities.
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Rubio takes on dual national security roles after embracing 罢谤耻尘辫鈥檚 鈥楢merica First鈥� vision
Rubio has been thrown into two top national security jobs at once as Trump presses forward with his top-to-bottom , upending not only longstanding policies that the former Florida senator once supported but also the configuration of the executive branch.
罢谤耻尘辫鈥檚 appointment of Rubio to as national security adviser is the first major leadership shake-up of the nascent administration, but Waltz鈥檚 removal had been rumored for weeks 鈥� ever since he and accidentally added a journalist to the conversation where top national security officials .
So, just over as America鈥檚 top diplomat, Rubio now becomes just the second person to hold both positions. He follows only the late Henry Kissinger, who served as both secretary of state and national security adviser for two years under Presidents Richard Nixon and Gerald Ford in the 1970s.
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Trump administration asks Supreme Court to strip legal protections from 350,000 Venezuelan migrants
The Justice Department asked the high court to put on hold a from a federal judge in San Francisco that kept in place Temporary Protected Status for the Venezuelans that would have otherwise expired last month.
The status allows people already in the United States to live and work legally because their native countries are deemed unsafe for return due to natural disaster or civil strife.
A federal appeals court had earlier rejected the administration鈥檚 request.
罢谤耻尘辫鈥檚 administration has moved aggressively to withdraw various protections that have allowed immigrants to remain in the country, including ending TPS for a total of 600,000 Venezuelans and 500,000 Haitians. TPS is granted in 18-month increments.
The emergency appeal to the high court came the same day a federal judge in Texas the administration鈥檚 efforts to deport Venezuelans under an 18th-century wartime law. The cases are not related.
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The Associated Press
