After strike on Iran, Trump focuses on his megabill

Vice President JD Vance put out a statement defending Director of National Intelligence Tulsi Gabbard, saying she's "an essential member of our national security team."

Vance's statement came a day after Trump rebuked Gabbard's testimony in March that Iran was not building a nuclear weapon.

"Tulsi Gabbard is a veteran, a patriot, a loyal supporter of President Trump, and a critical part of the coalition he built in 2024. She’s an essential member of our national security team, and we’re grateful for her tireless work to keep America safe from foreign threats," the vice president said.

-ABC News' Hannah Demissie

President Donald Trump is giving TikTok another lifeline. He is expected to extend the deadline, which was set to expire on Thursday, requiring China's ByteDance to divest TikTok's U.S. business or face a nationwide ban.

"President Trump will sign an additional Executive Order this week to keep TikTok up and running. As he has said many times, President Trump does not want TikTok to go dark," Karoline Leavitt, White House press secretary, said in a statement to ABC News.

"This extension will last 90 days, which the Administration will spend working to ensure this deal is closed so that the American people can continue to use TikTok with the assurance that their data is safe and secure."

This will be Trump's third time pausing the enforcement of the bipartisan law passed in Congress last year that gave ByteDance until Jan. 19 to sell TikTok's U.S. operations or be removed from app stores nationwide.

Upon taking office, Trump delayed the ban's enforcement for 75 days before announcing another 75-day extension in April, after a potential deal to sell the app to American owners was curtailed due to Trump's imposition of steep tariffs on Chinese goods.

--ABC News' Lalee Ibssa

Trump criticized Federal Reserve Chairman Jerome Powell as he spoke with reporters outside the White House on Wednesday morning.

"We have a stupid person, frankly, at the Fed. He probably won't cut today," Trump said.

Later, Trump said of Powell: "He's a political guy who's not a smart person. But he's costing the country a fortune."

Read more about the upcoming Fed rate decision here.

President Trump made an appearance outside the White House on Wednesday as new flag poles were being raised on the South Lawn.

At 11 a.m., the American flags will be lifted. "That'll be very nice, very patriotic," Trump said.