Treasury Secretary Bessent to Testify Before Congress; Court Rejects Gov’t Bid to Revoke Legal Immigrant Status | NTD Good Morning (May 6)

Treasury Secretary Scott Bessent is on Capitol Hill this week to answer questions from lawmakers about tariffs, trade, and the budget debt limit. Bessent is expected to defend his position on tariffs and say the short-term pain will lead to a better economy down the road. Republicans are forging ahead on their budget bill while President Donald Trump continues his work on trade deals following his tariff announcements.

A federal appeals court has blocked the government’s attempt to revoke temporary legal status for hundreds of thousands of immigrants from Cuba, Haiti, Nicaragua, and Venezuela. In other legal developments, the Trump administration is seeking to dismiss a lawsuit from Idaho, Kansas, and Missouri that challenges FDA rules on abortion pills, arguing the states lack standing.

Trump signed an executive order on Monday to ban all federal funding of gain-of-function research in countries such as China. The administration is warning that China is engaged in a bio-weapons arms race that could endanger the lives of Americans. The development follows U.S. intelligence agencies’ confirmation that the COVID-19 pandemic was likely caused by a leak from a Wuhan lab.