"We do not seek conflict with Iran or any other country," Trump tells reporters in the Oval Office.Politicsread more
Nineteen billionaires release a letter asking the 2020 presidential candidates to support a tax on America's richest families.Economyread more
Sen. Bernie Sanders announced a plan Monday to forgive the country's $1.6 trillion outstanding student loan tab, intensifying the higher education policy debate in the 2020...Personal Financeread more
Shopify debuts a new network to help it compete with Amazon.Marketsread more
Home Depot CEO Craig Menear said the company aims to minimize any impact that potential tariffs will have on customers by cutting costs elsewhere in the supply chain. The...Retailread more
Shares of Bristol-Myers Squibb plunged Monday after announcing that the target closing date for the proposed acquisition of Celgene has been pushed back and that the deal will...Biotech and Pharmaceuticalsread more
These are the stocks posting the largest moves midday.Market Insiderread more
She takes the helm after Kevin Tsujihara was ousted in March after an investigation into sexual misconduct allegations.Entertainmentread more
The Trump administration had argued the president has wide-ranging authority over national security matters.Politicsread more
Gold surged to its highest level in nearly six years on Monday as the prospects of lower Federal Reserve rates and lingering geopolitical tensions between the U.S. and Iran...Marketsread more
Cashin believes the Fed could slash interest rates by an aggressive 0.5% at its next policymaking meeting at the end of July.The Fedread more
Russell Vought, acting White House budget director, said Monday security at the southern U.S. border is "deteriorating by the day," and he's blaming Democrats for refusing to approve President Donald Trump's repeated requests for wall funding.
The White House is expected to release Trump's budget proposal for fiscal year 2020 on Monday. It is expected to seek $8.6 billion from Congress for additional barriers along the U.S.-Mexico border.
That amount would be on top of the funds Trump will redirect from other programs as part of his national emergency, said Vought, who's minding the Office of Management and Budget after previous OMB head Mick Mulvaney left the agency to become the president's acting chief of staff.
Trump's declaration last month, aimed at circumventing Congress to pay for his wall, is currently being challenged by more than a dozen states. The states said Trump is "trying to rob funds that were allocated by Congress legally to various states."
House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer said they had hoped Trump "learned his lesson" after failing to get his wall funding following the partial government shutdown earlier this year.
"Congress refused to fund his wall and he was forced to admit defeat and reopen the government. The same thing will repeat itself if he tries this again," they said in a joint statement Sunday.
According to the U.S. Customs and Border Protection, more than 76,000 migrants crossed the U.S.-Mexico border last month, more than double the number from the same period last year. The figures help Trump's case for his border emergency, albeit one built around a humanitarian crisis and not security.
Congress is unlikely to approve Trump's budget proposal because Democrats, who staunchly oppose building a wall, control the House, and any spending bill modeled after the president's plan would need bipartisan support in the Republican-controlled Senate.
Vought said he'll be testifying over the next to days in hopes of finding out where the White House and Democrats can find common ground.
Trump's budget proposal also projects that the economy will continue to grow at a 3 percent rate or higher over the next five years, despite a more pessimistic consensus from outside forecasters.
— CNBC's Ylan Mui and AP contributed to this report.