NEW YORK – Donald Trump won the presidency by promising to lower costs and end wars. A year and a half later, he is a wartime president contemplating whether to send U.S. ground troops into an expanding conflict in Iran. Gas prices are spiking and Trump is urging Americans to be patient. Everything adds up to a perilous situation for Republicans in the midterm elections, which will determine control of Congress. The president did little to sell the war to skeptical voters before it started, and he defended his leadership on Wednesday night in his first major presidential address on the conflict.
WASHINGTON – The White House is releasing details of President Donald Trump’s 2027 budget, including a $1.5 trillion defense spending request. That’s the largest of its kind in decades. The Republican president had indicated even before the war against Iran that he wanted to increase defense spending to modernize the military. He’s also calling for a 10% cut in non-defense discretionary spending. The president’s annual budget does not carry the force of law. Instead, it reflects an administration’s priorities and provides a road map to Congress, which handles spending issues. But Congress is free to reject it and often does.
WASHINGTON – American employers added a surprisingly strong 178,000 new jobs last month, rebounding from a dismal February. And the unemployment rate dipped to 4.3%. The Labor Department reported Friday that hiring marked a rebound from the loss of 133,000 jobs in February. The job gains were about three times what economists had forecast. The unemployment rate was down from 4.4% in February. But uncertainty surrounding the war with Iran – and its impact on energy prices – is clouding the outlook for the labor market.
– The Associated Press
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