Nearly $2 billion in foreign aid has been suspended despite a lower court’s order, and the administration faced a midnight deadline for disbursing it.

The cuts detailed by the administration would leave few surviving USAID projects for advocates to try to save in ongoing court battles.

Microsoft Corp. President Brad Smith is urging the Trump administration to rethink regulations that would cap the export of artificial intelligence chips to “strategically vital markets” including Israel and Switzerland.

Microsoft will call for President Donald Trump's team to ease the limits on chips that can be used in data centers for training AI models so they no longer apply to a group of U.S. allies, the Wall Street Journal reported on Thursday.

The software firm says allies are also being hurt by the curbs under the current system, according to a report in The Wall Street Journal.

Trump is now convening with his Cabinet for the first time in his second term. Seated next to Trump are Secretary of State Marco Rubio and Defense Secretary Pete Hegseth. In the r

At the first meeting of Trump's cabinet, Musk said he aims to cut the $6.7 trillion budget by $1 trillion this year, an ambitious target that could entail significant disruption of government programs.

U.S. President Donald Trump's administration on Wednesday ordered federal agencies to undertake more large-scale layoffs of workers, while the president let downsizing czar Elon Musk take a star role at his first cabinet meeting and discuss his ambitious budget-cutting targets.