Former Wall Street banker takes over amid growing concern over cost of living – and disapproval of Trump’s agenda

• US politics live – latest updates

Kevin Warsh has been sworn in as chair of the US Federal Reserve, tasked with steering the world’s largest economy as the Trump administration faces mounting pressure over Americans’ financial wellbeing.

Warsh, handpicked by Donald Trump, takes charge of the powerful central bank as it comes under extraordinary pressure from the US president to cut interest rates, even as prices climb.

Gabbard says she is resigning after her husband was diagnosed with rare form of bone cancer; US president announces replacement on Truth Social

• US intelligence director Tulsi Gabbard leaving post after rocky tenure

• Sign up for the Breaking News US email

“There’s broad recognition there are going to be eventually less US troops in Europe than historically,” Rubio says

Rubio said he didn’t set the timeline for reducing the number of US troops in Europe, but “it has been an ongoing process that started from the first day of this administration.”

This live blog is now closed.

• Democrats belatedly publish 2024 election autopsy report: ‘It won’t meet your standards’

• Sign up for the Breaking News US email

Senate Democratic leader Chuck Schumer, House Democratic leader Hakeem Jeffries and other Democrats spoke held a news conference, ahead of the vote-a-rama Thursday morning.

“The Republican agenda is one big broken promise,” said Schumer, criticizing the Republican budget bill. “We still haven’t seen the bill, because they are fighting with each other.”

Trump v Cook: Donald Trump’s case for firing Federal Reserve governor Lisa Cook, as he continues to exert greater control over the US central bank.

Trump v Slaughter: A case which examines the legality of Trump’s firing of a Federal Trade Commission (FTC) member, Rebecca Slaughter.

Trump v Barbara: In which the court will decide if the administration’s attempts to restrict birthright citizenship are unconstitutional.

Cuba’s government has also accused US of hypocrisy after acting US attorney general announced indictment of former Cuban president over downed planes

• US indicts former Cuban president Raúl Castro as it seeks to oust regime

• Trump news at a glance: US indicts Raúl Castro, ratcheting up Cuba tensions

• Sign up for the Breaking News US email

In response to a question on Wednesday morning about how long Benjamin Netanyahu, the prime minister of Israel, will hold on before re-starting strikes on Iran, Trump said: “He’s fine. He’ll do whatever I want him to do.”

Trump also cited a poll that gave him 99% approval in Israel. Guardian US has not yet verified this poll.

This live blog is now closed.

• Trump critic Thomas Massie defeated in Kentucky Republican House primary

• Sign up for the Breaking News US email

Trump told reporters he is giving Iran until the weekend or early next week, to make a deal to end the war.

He said that yesterday he was within an hour of deciding to resume bombing Iran but that his negotiators had reported progress in talks.

I never tell anybody when. But they knew that we were very close. I would say we were. I was an hour away from making the decision to go today, and we would probably not be talking about a beautiful ballroom today. We’d be talking about that.

I had made the decision, so they called up. They had heard I made the decision. They said, sir, could you give us a couple of more days because we think they’re being reasonable.

Well, I mean, I’m saying 2 or 3 days, maybe Friday, Saturday, Sunday something. Maybe early next week, a limited period of time, because we can’t let them have a new nuclear weapon.