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Trump’s national debt pledge faces skepticism from investors and some Republicans
By JOSH BOAKUpdated 1:14 PM CDT, June 1, 2025
WASHINGTON (AP) — President Donald Trump faces the challenge of convincing Republican senators, global investors, voters and even Elon Musk that he won’t bury the federal government in debt with his multitrillion-dollar tax breaks package.
The response so far from financial markets has been skeptical as Trump seems unable to trim deficits as promised.
“All of this rhetoric about cutting trillions of dollars of spending has come to nothing — and the tax bill codifies that,” said Michael Strain, director of economic policy studies at the American Enterprise Institute, a right-leaning think tank. “There is a level of concern about the competence of Congress and this administration and that makes adding a whole bunch of money to the deficit riskier.”
The White House has viciously lashed out at anyone who has voiced concern about the debt snowballing under Trump, even though it did exactly that in his first term after his 2017 tax cuts.
White House press secretary Karoline Leavitt opened her briefing Thursday by saying she wanted “to debunk some false claims” about his tax cuts.
Leavitt said the “blatantly wrong claim that the ‘One, Big, Beautiful Bill’ increases the deficit is based on the Congressional Budget Office and other scorekeepers who use shoddy assumptions and have historically been terrible at forecasting across Democrat and Republican administrations alike.” ...
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www.usatoday.com
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North Korea deploys mystery balloon-like objects to stricken warship, satellite photos show | CNN
New satellite images show North Korea has deployed what appear to be balloons alongside its damaged 5,000-ton warship that has been laying on its side and partially submerged since a botched launch last week.
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South Korea’s snap presidential election 2025: All you need to know
The vote, held in the backdrop of a martial law bid by ex-President Yoon Suk-yeol, could affect Seoul’s foreign policy.
Live updates: Hamas considers Gaza ceasefire proposal as Israeli strikes kill at least 27
Medics in Gaza say Israeli airstrikes have killed at least 27 people, including women and kids sheltering in a tent.
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Iran condemns Austria over report on advanced nuclear weapons program
Iran lashes out at Austria after a report claims Tehran has an advanced nuclear weapons program, sparking diplomatic tensions and calls for explanations.
‘We are under a dictatorship.’ Six years into his rule, El Salvador’s Nayib Bukele tightens his grip | CNN
Nayib Bukele, the self-declared “world’s coolest dictator,” will mark six years as El Salvador’s president on Sunday, a period defined by contentious reforms, which critics say have brought peace to the streets at an incredibly high price.
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Can young Democrats threaten Nancy Pelosi and the old guard?
Young Democrats launch primary challenges against senior incumbents in Congress, arguing that the party has an "inability to change" problem.
www.usatoday.com
2 killed in Russian attacks on Ukraine as prospects for talks remain uncertain
Uncertainty meanwhile remains whether Kyiv diplomats will attend a new round of peace talks proposed by Moscow for early next week in Istanbul.
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Michelle Obama facing backlash over claim about women's reproductive health
Pro-life activists are criticizing former first lady Michelle Obama over comments she made about women's reproductive health on the most recent episode of her podcast.
Brunei's sultan released from Malaysian hospital
Brunei Sultan Hassanal Bolkiah, one of the world’s wealthiest men and its longest-reigning sitting monarch, has been discharged from a Malaysian hospital five days after he was admitted for fatigue.
apnews.com
At least 7 dead, 30 hurt as bridge collapse causes train derailment in Russia
Russia's federal road transportation agency, Rosavtodor, said the destroyed bridge passed above the railway tracks where the train was traveling.
www.nbcnews.com
Stephen Miller calls out CNN anchor's 'lazy assumptions' about Trump's executive power
White House Deputy Chief of Staff Stephen Miller criticized CNN’s Pamela Brown for making "lazy assumptions" about Trump’s executive power on Friday’s "Situation Room."
Sean 'Diddy' Combs trial day 17 recap: Combs' lawyers try to use social media posts to undercut rape allegations
Sean 'Diddy' Combs trial day 17 recap: Combs' lawyers try to use social media posts to undercut rape allegations.
India, a major user of coal power, is making large gains in clean energy adoption. Here is how
India, one of the most carbon-polluting countries, has witnessed sharp growth in renewable energies like solar and wind.
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Bridge collapse causes train to derail in Russia, killing at least 7, officials say
A passenger train has derailed in western Russia after a bridge collapsed because of what local officials described as “illegal interference.”
South Korea elections: They helped oust a president. Now women say they are invisible again
A snap presidential election has exposed South Korea's stark gender divide.
www.bbc.com
Russia-Ukraine war: List of key events, day 1,193
These are the key events on day 1,193 of Russia’s war on Ukraine.
Ecuador apologizes to plantation workers who were exposed to 'modern slavery' conditions
Ecuador’s government has issued a public apology to a group of plantation workers who were subjected to slave-like conditions according to a a ruling issued last year by Ecuador’s Constitutional Court.
apnews.com
In Iowa, Trump’s agenda collides with 2028 ambitions | CNN Politics
Trump is only months into his second term in office, but already, ambitious Republicans are flocking to the state whose caucuses are expected to kick off the party’s 2028 presidential nominating contest.
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Behar says Dem effort to reclaim men is a 'waste of money,' suggests 'teaching them to not be such sexists'
ABC's "The View" hosts clashed over Democrats' new approach to learn how to speak with male voters, highlighting issues of authenticity and the impact of the manosphere.
Actor Valerie Mahaffey, 'Northern Exposure' Emmy winner, dies after cancer battle, publicist says
Valerie Mahaffey's stage, film and television work included the soap opera “The Doctors” more than 45 years ago and encompassed roles in the TV series “Young Sheldon" and “Desperate Housewives.”
apnews.com
Opal Suchata Chuangsri from Thailand crowned Miss World 2025
Chuangsri topped a field of 108 contestants in the contest held in India's southern Hyderabad city.
www.nbcnews.com
Republicans want to add work requirements to Medicaid. Even some recipients with jobs are concerned | CNN Politics
Without Medicaid, Joanna Parker would have a much tougher time holding down a job.
www.cnn.comWildfires burning across central Canada force more people to evacuate
About 17,000 residents of Manitoba in central Canada have been evacuated because of nearly two dozen active wildfires.
apnews.com
Army document outlines plans for expelling transgender troops from military
Army guidelines instruct commanders and soldiers on interacting with and identifying service members with gender dysphoria as they leave the military.
www.cbsnews.com
McMigraine: Does the TikTok "cure" really work?
Migraines are one of the most complex neurological disorders. What is the science behind the latest hack?
www.bbc.comFrench scientist Etienne-Emile Baulieu, inventor of the abortion pill, dies at 98
French scientist Etienne-Emile Baulieu, known as the inventor of the abortion pill, died on Friday aged 98 at his home in Paris.
apnews.com
Canadian wildfires force tens of thousands to evacuate
More than 180 active wildfires were burning across Canada as of Saturday.
www.cbsnews.com
Trump posts video thanking Elon Musk as billionaire ends White House tenure
The Trump administration honored Elon Musk as the billionaire's tenure at the White House comes to an end. President Donald Trump awarded Musk a "key to the White House" in honor of his last day.
A growing number of New Orleans fugitives' friends and family arrested for aiding in jail escape
The 10 men who escaped from a New Orleans jail more than two weeks ago by cutting out a hole behind a toilet received help from at least 15 people, many of them friends and family who provided food, cash, transport and shelter according to court documents.
apnews.com
Floods kill at least 111 as northern Nigeria battles climate change, dry spells and heavy rainfall
Floodwaters covered neighborhoods and homes were submerged.
www.nbcnews.com
Hegseth warns China poses 'imminent' threat to Taiwan and urges Asia to boost defence
The US defence secretary called on Asian countries to boost spending and work with the US to deter war.
www.bbc.comNew Orleans holds burial of repatriated African Americans whose skulls were used in racist research
New Orleans celebrated the repatriation and burial of the remains of 19 African American people whose skulls had been sent to Germany for racist research practices in the 19th century.
apnews.com
Clashes in Paris as PSG fans celebrate Champions League win
The majority of fans celebrated peacefully, but nearly 300 people were arrested by police.
www.bbc.com
Iran rejects IAEA report alleging increased enriched uranium stockpile
UN nuclear watchdog warns Tehran could be close to weapons-grade enriched uranium, as negotiations with the US continue.
AP PHOTOS: The Black hair industry imports products from China. Here's what tariffs mean
ATLANTA (AP) — Black women are starting to pay more for their hair care because of the Trump administration’s tariffs on goods imported from China.
apnews.com
Key House Democrat presses for more details on Trump's pardons, alleging "favors" to supporters
Rep. Jamie Raskin — the top Democrat on the House Judiciary Committee — is asking for more information on a spate of pardons given out by President Trump.
www.cbsnews.com
Hawaii’s volcanic rocks offer proof that Earth’s core is leaking gold, study finds | CNN
An analysis of Hawaii’s volcanic rocks revealed Earth’s core is leaking gold and other precious metals, a study found. The elements emerge when ocean islands form.
www.cnn.comLawsuit challenging Kentucky's near-total ban on abortions is withdrawn
Attorneys for a woman who had challenged Kentucky's near-total ban on abortion have dropped the lawsuit.
apnews.com
Hunter Biden seen driving Toyota rental in South Africa after his Secret Service detail was terminated
Hunter Biden was seen publicly for the first time since his father's cancer announcement driving a Toyota rental car in South Africa after his Secret Service protection was halted.
Top defense officials say Ukraine war has blurred lines, exposing global threats
Top security officials say China and North Korea’s support for Russia in its war against Ukraine has exposed how lines between regions have blurred, and the need for a global approach toward defense.
apnews.com
Updates: Israel, US say ‘unacceptable’ as Hamas gives Gaza truce response
UN says Gaza’s population is being subjected to one of the ‘most obstructed aid operations’ in recent history.
Nearly 3,000-year-old Mayan complex discovered, featuring pyramids and canals | CNN
Archaeologists have discovered the remains of a nearly 3,000-year-old Mayan complex in Guatemala, revealing sanctuaries, pyramids and a unique canal system that could shed further light on the ancient civilization, the country’s culture minister said Thursday.
www.cnn.comNEWS FROM THE HILL:
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