President Donald Trump is asking Congress for deep cuts to domestic agencies and a boost to the military in a preliminary outline of his 2026 budget request to be released Friday.The president’s budget calls for $557 billion in non-defense spending next year,

President Donald Trump's administration on Friday proposed a $163 billion cut to the federal budget that would sharply reduce spending in areas including health, education, and housing next year, while increasing outlays for defense and border security.

Under President Donald Trump, budget chief Russell Vought has sought to assert more unilateral control over government spending than the White House usually has.

President Donald Trump narrowly avoided a rebuke from the U.S. Senate on his tariffs due to one Democratic senator's absence. The resolution, defeated with a 49-49 tie on April 30, reflects discontent with Trump's 10% across-the-board tariffs and now-paused "retaliatory" tariffs that rattled Wall Street and contributed to a shrinking GDP as four Republicans joined with all present Democrats in supporting it.

An effort aimed at blocking President Trump's "Liberation Day" tariffs in the Senate fell short Wednesday, with Senate Republicans largely united in opposition.

President Donald Trump on Friday said the U.S. economy is in a transition stage, citing strong employment and his tariff plan while reiterating his call for the U.S. Federal Reserve to lower its interest rate.

President Donald Trump called on the Federal Reserve to lower interest rates, saying consumers "have been waiting for years to see pricing come down."