Trump admin live updates: Trump strikes deals with law firms totaling $600M

The White House is touting Thursday's inflation report, saying in a statement that "America is back -- but inflation is not."

"President Trump is making good on his promise to deliver lower costs for Americans, with prices for everyday goods seeing across-the-board declines," the White House said.

White House press secretary Karoline Leavitt also sang praises of the new data in an X post claiming Trump's "aggressive economic agenda" is decreasing prices.

-ABC News' Michelle Stoddart

Johnson and Thune publicly committed to enact at least $1.5 trillion in deficit reduction within a final budget package full of Trump's domestic policy priorities -- a key breakthrough after hardline conservatives in the House balked at the Senate-approved resolution that aimed at cutting a minimum of just $4 billion.

Thune seemed less enthusiastic about the target for deficit reduction, but meekly endorsed the House’s lofty goal for budget savings -- announcing the Senate’s ambition for fiscal sustainability is "aligned with the House."

"We have got to do something to get the country on a more fiscally sustainable path and that entails us taking a hard scrub of our government, figuring out where we can find those savings," Thune said.

-ABC News' Lauren Peller, John Parkinson and Allison Pecorin

House Speaker Mike Johnson, after having to pull a vote on Trump's budget blueprint, said he had "very productive" discussions with members last night.

"I'm happy to tell you that this morning, I believe we have the votes to finally adopt the budget resolution so we can move forward on President Trump's very important agenda for the American people," Johnson said.

The House is expected to hold a vote on the blueprint in the 10 a.m. hour.

House Speaker Mike Johnson and Senate Majority Leader John Thune are holding a news conference on Capitol Hill regarding the budget blueprint to move forward on Trump’s legislative agenda.

The newser comes after Johnson had to pull a House vote on Wednesday evening because of Republican holdouts.

President Trump weighed in this morning, claiming that lawmakers are "getting close" to passing his economic agenda.

"'The Big, Beautiful Bill' is coming along really well. Republicans are working together nicely. Biggest Tax Cuts in USA History!!!," Trump wrote in a post to his conservative social media platform.