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

Trump revealed in a CNBC interview Tuesday that he was deciding between four people to replace Fed Chair Jerome Powell when his term finishes next May.

Trump indicated that two of the men on his list are named Kevin: Kevin Warsh, a current Fed Board governor, and the Director of the National Economic Council Kevin Hassett.

The president claimed Treasury Secretary Scott Bessent told him he didn't want to lead the Fed when Trump asked him.

He also celebrated the decision from Dr. Adriana Kugler, the Federal Reserve Governor, to resign on Friday, calling it a "pleasant surprise."

-ABC News' Lalee Ibssa and Michelle Stoddart

President Donald Trump defended his decision Tuesday morning to fire the head of the Bureau of Labor Statistics, calling Friday’s jobs report “very political,” without offering any evidence of his claims.

"It's totally rigged. Smart people know it. People with common sense know it. And a lot of people like to keep their head under the covers," Trump said when asked what evidence he had to support his claims.

Trump kept pointing to an argument that the job numbers looked good before the election and then were revised downward after the election for the basis of his claims; however, a large downward revision happened in August, well before the election.

-ABC News' Lalee Ibssa and Michelle Stoddart

Bruce Reed, who served as the deputy chief of staff for policy under former President Joe Biden, is set to appear for an interview with the House Oversight Committee on Tuesday.

The Republican-led committee has interviewed several people close to Biden in its probe into the former president's mental fitness in office, including interviews last week with former senior adviser Mike Donilon and former counselor Steve Ricchetti.

There have been varying degrees of cooperation from those who have been called in for interviews. Former Chief of Staff Ron Klain cooperated with the committee for several hours; Ricchetti appeared voluntarily. Other aides have not been willing to engage with the committee and invoked the Fifth Amendment, including Dr. Kevin O'Connor, the former physician to Joe Biden, and Annie Tomasini, who served as the deputy chief of staff to Biden.

-ABC News' Sarah Beth Hensley

As a standoff in Texas persists, President Donald Trump weighed in Tuesday amid the heightened tensions in a phone interview on CNBC, arguing Republicans are "entitled" to more seats in Congress.

"We have an opportunity in Texas to pick up five seats. We have a really good governor, and we have good people in Texas. And I won Texas. I got the highest vote in the history of Texas, as you probably know, and we are entitled to five more seats," Trump claimed.

Some Democratic governors are working on plans to potentially draw new Congressional maps to favor Democrats in an effort to counter efforts from Republicans in Texas.

Trump criticized the move, using it as an argument for the efforts in Texas to continue.

"That's all gerrymandered. California is gerrymandered. We should have many more seats in Congress. In California, it's all gerrymandered," he said.