On Wednesday, the United States releases the 14-point memorandum of understanding between the United States and Iran. On the final day of the G7 summit, President Donald Trump predicts that the plummeting price of oil will boost the economy and that the United States will "end up having the lowest energy anywhere in the world."

"Now that the oil is coming down, you're going to see everything follow, everything follows the cost of energy," Trump told NTD's Mari Otsu.

The Labor Department is putting all 50 states on notice, warning that they must comply with measures to stop fraud schemes related to unemployment insurance, or risk losing federal funding. This warning comes after the DOJ sued New York state on June 16 over alleged fraud tied to New York's $10 billion home-care program provided to Medicaid patients as part of the Trump administration's efforts to combat fraud across the country.

Steve Hilton, Republican gubernatorial candidate for California, announces plan to introduce a flat state income tax that would remove state income taxes for families earning up to $150,000.