What to Know
- President Donald Trump released a 40-page budget proposal including a mix of cuts to domestic programs involving public health, education and clean energy. Overall, the proposal calls for a 23% cut to discretionary funding and a 13% increase in military spending.
- Trump signed an executive order late Thursday to end public funding of National Public Radio and PBS to stop what he called "biased and partisan news coverage."
- Trump said in a Truth Social post that he would seek to revoke Harvard's tax-exempt status.The administration froze billions in funds to the Ivy League school after claiming it was't addressing antisemitism on campus, resulting in the university filing suit.
- Nonfarm payrolls increased a seasonally adjusted 177,000 for April, above the Dow Jones estimate for 133,000, the Bureau of Labor Statistics reported Friday.
Trump signed an executive order to end public funding of National Public Radio and PBS to stop what he called "biased and partisan news coverage." Follow along for live updates.
