Here is what you need to know.
Trump’s budget is out. The White House’s 2018 budget calls for massive cuts over the next 10 years to social safety net programs like Medicaid, food stamps, and the Children’s Health Insurance Program (CHIP) while increasing the budget for the Department of Homeland Security and Department of Defense.
The British pound is slipping after the Manchester bombing. The pound trades down 0.2% at 1.2972 against the dollar after an explosion following an Ariana Grande concert killed at least 22 people while injuring more than 50.