Trump’s team is asking federal employees to develop rationales for funding cuts to the state, including citing noncompliance with the president’s executive orders.

The Trump administration is preparing to cancel a large swath of federal funding to California, an effort which could begin as soon as Friday, according to multiple sources.

The threat to cut off California follows a 315-page report published by the Federal Railroad Administration that claims California has missed several deadlines related to the high-speed rail and has failed to identify how it will secure $7 billion in funding to build a segment of rail between Merced and Bakersfield,

Though stocks rallied, the temporary deal did not address broader concerns that strain the bilateral relationship, from the illicit fentanyl trade to the status of democratically

Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer will represent the U.S. side in negotiations.