Trump admin updates: US military is preparing for possible activation of National Guard in DC

A new analysis from the nonpartisan Congressional Budget Office said President Donald Trump's sweeping tax cut and spending bill passed last month will create $718 billion in additional debt-service costs, bringing the law's overall debt projection to $4.1 trillion over 10 years.

"As a result, and net of any changes in borrowing for federal credit programs, the agency estimates that the legislation will increase debt held by the public at the end of 2034 by 9.5 percentage points relative to CBO's January 2025 baseline budgetary projections of gross domestic product (GDP). Other factors, such as administrative actions affecting tariffs and immigration, also have affected deficits and debt since January 2025 and will be reflected in CBO's next baseline," the report stated.
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Previously, the CBO said the Senate's final version of Trump's massive policy and tax bill would add $3.4 trillion to the deficit over the next decade. The new analysis released on Monday comes after Sen. Jeff Merkley, D-Ore., requested an update on the bill's impact on the debt.

-ABC News' Lauren Peller

The Indian government responded on Monday after President Donald Trump posted on social media that he will be "substantially raising" tariffs on the nation over its purchases of Russian oil.

India's Ministry of External Affairs released a statement detailing why it buys certain commodities from Russia and called the targeting of India "unjustified and unreasonable."

"India's imports are meant to ensure predictable and affordable energy costs to the Indian consumer. They are a necessity compelled by global market situation. However, it is revealing that the very nations criticizing India are themselves indulging in trade with Russia. Unlike our case, such trade is not even a vital national compulsion," the ministry said.

President Donald Trump posted on social media that he will be "substantially raising" tariffs on India over its purchases of Russian oil.

"India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits. They don't care how many people in Ukraine are being killed by the Russian War Machine. Because of this, I will be substantially raising the Tariff paid by India to the USA," Trump wrote.

Last week, Trump announced that India will be paying a 25% tariff plus a penalty due to its trade relations with Russia.
He hasn't revealed what the penalty would be.

His post comes as Trump gave Russia a 10-day deadline, which expires on Friday, to negotiate a ceasefire with Ukraine or else face sanctions.

-ABC News' Lalee Ibssa

President Donald Trump continues to push unfounded claims that last Friday's jobs report was "rigged" in favor of Democrats "in order to make a great Republican Success look less stellar."

"I will pick an exceptional replacement," Trump posted on his social media platform.

His post comes as the White House says Trump wants his "own people" in charge of the jobs data.

Kevin Hassett, the director of the National Economic Council, defended Trump's decision to fire the commissioner of the Bureau of Labor Statistics during an appearance on CNBC.

"If I'm running the BLS and I have the biggest revision, really think about it, the biggest revision outside of covid in 50 years, then it's incumbent on me to explain why in a very transparent way, to show how the numbers add up, to show exactly where the revision came from and what you're doing to address it so it doesn't happen again. If you don't do that, then you create a circumstance where politicians are going to wonder," he said.

Hassett went on to say there was a need to modernize the labor data as he notes Trump wants to get "his people" into the BLS. Though, Hassett did admit the jobs numbers were slower than expected.

-ABC News' Lalee Ibssa