Trump's 2026 budget proposal calling for sharp cuts to social programs dominated morning coverage, with Common Dreams highlighting impacts on Social Security while Republicans reportedly expressed reluctance to implement the cuts. Economic tensions continued as Trump dismissed recession fears despite previous day's GDP contraction, saying "anything can happen" while promising "the greatest economy ever."
By afternoon, new tariffs on auto parts went into effect as Buffett warned against using "trade as a weapon." Border policy tensions escalated between Trump's border czar Tom Homan and critics, including Wisconsin's governor and AOC, whom Homan threatened with legal action.
The evening was dominated by Warren Buffett's surprise retirement announcement at Berkshire Hathaway's annual meeting, where the 94-year-old also criticized Trump's trade policies. Meanwhile, Catholic bishops condemned Trump for an AI-generated image depicting himself as Pope, which circulated widely on social media. The day concluded with Sovereignty winning the Kentucky Derby.