White House Budget Director Russell Vought testifies before a House subcommittee on the President's FY2026 budget request and the budget reconciliation bill, the one called the One Big Beautiful Bill on taxes & spending; He disputes a new Congressional Budget Office (CBO) prediction that the House-passed version will add $2.4 trillion in budget deficits over 10 years; Senate is on path to confirm the second highest spot in the Federal Reserve Board of Governors, vice chair for supervision; Tariffs on imported steel & aluminum double from 25% to 50%. Commerce Secretary Howard Lutnick goes before a Senate subcommittee defending President Trump's tariff policies; FAA Acting Administrator Christopher Rocheleau tells a House panel about the administration's plans to completely rebuild the nation's air traffic control operation; President Trump says he spoke by phone with Russian President Vladimir Putin about the war in Ukraine and nuclear talks with Iran; U.S. vetoes United Nations Security Council Gaza war ceasefire resolution.

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