Elon Musk's federal cost-cutting team is touting its latest finding: Hundreds of millions of dollars in allegedly fraudulent unemployment claims.

President Donald Trump is dismissing business concerns over the uncertainty caused by his planned tariffs on a range of American trading partners and the prospect of higher prices and isn’t ruling out the possibility of a recession this year.

Conservatives have long talked about cutting government, but Republicans in Congress have shied away from approving deep reductions because of fear of how voters would react.