Powell has said politics don't play a part in Fed rate decisions. He and his colleagues have held the key overnight borrowing rate in place since December, though markets largely expect a cut is on the way not at the Fed's July meeting, but in September.

White House says the CBO’s analysis is wrong because it assumes that Republicans in Congress will fail to extend Trump’s 2017 tax cuts.

SECURE 2.0 required that the Secretary of Labor conduct a study on the PEP industry – and now the DOL has submitted a Request for Information to the White House Office of Management and Budget on PEPs to conduct a study.

Instead, based on the budget process to date and statements from the White House, they view the memos as an effort by the Trump administration to move forward with canceling as many NASA science missions as possible before Congress passes a budget for the upcoming fiscal year, 2026. This fiscal year begins on October 1, three months from today.

White House releases partial budget, ... Russell Vought, director of the Office of Management and Budget, attends a Make America Healthy Again event at the White House on May 22.