Trump calls for famed Alcatraz prison to be reopened, expanded

President Donald Trump, convening his Cabinet at the White House, again sought to blame former President Joe Biden for the Commerce Department's report showing the U.S. economy contracting in the first quarter of 2025.

"You probably saw some numbers today. And I have to start off by saying that's Biden, that's not Trump," the president said.

U.S. gross domestic product, or GDP, declined at a 0.3% annualized rate over three months ending in March. The figure marked a notable dropoff from 2.4% annualized growth over the final three months of 2024, when Biden was still in office.

On the heels of the latest GDP report that shows GDP decreased 0.3% in the first quarter, President Donald Trump is trying to distance himself from the stock market, saying it's "Biden's" and not his, and urging Americans to "BE PATIENT!!!"

"I didn't take over until January 20th. Tariffs will soon start kicking in, and companies are starting to move into the USA in record numbers," Trump wrote as part of a post on Truth Social.

When President Joe Biden left office in January, the S&P 500 was up over 55% since he took office on Jan. 20, 2021, amid the COVID-19 pandemic.

Sam Stovall, the Chief Investment Strategist for CFRA Research, posted on X Tuesday that "The 1st #100days of #PresidentTrump's 2nd term are ending, with the #SP500 [down] 7.9% from January 20 to April 25, marking the 2nd-worst performance since 1945."

-ABC News' Michelle Stoddart, Justin Gomez and Molly Nagle

As he and his administration continue to mark 100 days in office, President Donald Trump will convene his top officials at 11 a.m. ET for a Cabinet meeting.

Later Wednesday, at 2 p.m. ET, Trump is set to give remarks on "investing in America," according to the White House.

At 8 p.m. ET, Trump is going to participate in a NewsNation town hall.

Unaccompanied children will not have to navigate U.S. immigration courts on their own after a federal judge Tuesday evening blocked the Trump administration from canceling a contract that provided lawyers for tens of thousands of children.

U.S. District Judge Araceli Martínez-Olguín issued a nationwide injunction that required the Trump administration to continue funding lawyers to represent children who are going through immigration proceedings without their parents or guardians.

Despite Congress appropriating more than $5 billion in part to ensure unaccompanied minors have lawyers in immigration court – a right enshrined in two separate laws – the Trump administration in March attempted to terminate the Department of Health and Human Services’ contract for the legal assistance.

Martínez-Olguín faulted the Trump administration for failing to provide any evidence or rationale to justify the decision to terminate the contract.

"The public interest is not served by maintaining agency actions that conflict with federal law and federal agencies’ own regulations," she wrote.

The same judge issued a temporary order earlier this month, and she justified the latest order by saying it was necessary ensure the Trump administration met its legal obligations.

-ABC News' Peter Charalambous