The Senate was expected to vote on Jared Isaacman next week.
President Donald Trump on Friday claimed China violated its trade agreement with the U.S. and Treasury Secretary Scott Bessent said talks between the world's two largest economies stalled.
This week, Trump's global tariff policy hit a major roadblock as two federal courts ruled he does not have the power to unilaterally impose some levies. The tariffs can stay in place, for now, as the court considers the administration's appeal.
Meanwhile, Elon Musk is leaving his role as a "special government employee" but is expected to remain an unofficial adviser to Trump.
As President Donald Trump bids farewell to Elon Musk's work as a federal government employee, he said he believes Musk "is really not leaving."
"He's going to be back and forth, I think," Trump said. "I have a feeling. It's his baby, and I think he's going to be doing a lot of things."
Trump also said his administration is "totally committed to making the DOGE cuts permanent."
President Donald Trump said the Department of Government Efficiency has done "substantial" cost savings, and that the "numbers could double or triple" in Elon Musk's wake.
"We don't want to go out with them until we're sure, but we've found things that are unbelievably stupid and unbelievably bad," Trump said.
President Donald Trump has kicked off his news briefing with Elon Musk, saying Musk has done a "fantastic job."
President Donald Trump is blasting the Congressional Budget Office, claiming in a social media post that it is "Democrat inspired and 'controlled'" while alleging the non-partisan office "purposefully" gave the U.S. "an EXTREMELY LOW level of Growth."
"The information they recently released is even more absurd and indefensible. I predict we will do 3, 4, or even 5 times the amount they purposefully "allotted" to us (1.8%) and, with just our minimum expected 3% Growth, we will more than offset our Tax Cuts (which will, in actuality, cost us no money!)," Trump said in the post on his conservative social media platform, Truth Social.
Trump appears to be referring to a recent (though not the most recent) economic outlook report, which projected that "real GDP grows by 1.9% in 2025 and 1.8% in 2026."
The CBO is designed to generate, "objective, nonpartisan information to support the Congressional budget process and to help the Congress make effective budget and economic policy," according its webpage.
--ABC News' Michelle Stoddart
