Nathan Hager

later this morning.

President Trump is set to release his 2027 budget request tomorrow.

The wish list is expected to frame Republicans' midterm message around a massive defense buildup partially paid for by cuts to entitlements and other government agencies.

The president could face resistance from within his own party on cuts to health and science agencies that Congress rejected last year.

President Trump ended his first term with $7.8 trillion in added debt

The 2027 proposal should give an update to 10-year deficit projections that currently stand around $16 trillion.

President Trump may be considering another major change to his cabinet.

The New York Times is among outlets reporting the president's discussed firing Attorney General Pam Bondi.

We get that story from Bloomberg's Monica Ricks.

Bloomberg's Monica Ricks notes the president's made just one cabinet shift in his second term, replacing Kristi Noem with Mark Wayne Mullen as Homeland Security Secretary.

The latest report on layoff notices is out from Challenger Gray and Christmas.

We get that from Bloomberg's Michael McKee.

Bloomberg's Mike McKee says that 60.6 thousand number is up more than 24 percent from February.

He says these are layoff notices.

It doesn't mean the layoffs have actually happened.

That's news when you want it with Bloomberg News Now.

I'm Nathan Hager.

This is Bloomberg.

News when you want it with Bloomberg News Now.

I'm Nathan Hager.