Northern Virginia business leaders expressed a turnaround in confidence after a rough showing in April, but skepticism remained in the face of tariffs and cuts from the Department of Government Efficiency.

The U.S. Senate voted in the early Thursday morning hours to approve a package of spending cuts suggested by the Department of Government Efficiency (DOGE).

House faces a Friday deadline to approve $9 billion in cuts to foreign aid and public broadcasting. ©2025 FOX News Network, LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. All market data delayed 20 minutes.

A group of 15 fiscal conservatives in the House sent a letter to Senate Majority Leader John Thune, R-S.D., on Tuesday warning that “weakening” the cuts would “undermine both his leadership and the discipline our budget urgently demands.” Instead, the group urged the Senate to pass the rescissions package as-is.

The House is looking at President Donald Trump’s Department of Government Efficiency’s spending cuts after Senate Republicans agreed to cancel $9 billion in funding to foreign aid and public broadcasting.

Fox News senior congressional correspondent Chad Pergram reports on DOGE cuts, President Donald Trump’s spending cuts bill and the possible release of Epstein files on ‘Special Report’.

The White House says this is the first of many rescissions bills to cut funding for other government programs.

Maurene Comey, a federal prosecutor in the cases against accused sex trafficker Jeffrey Epstein and hip-hop mogul Sean “Diddy” Combs, has been fired. Although a reason for the dismissal was not immediately clear, she is also the daughter of James Comey, who is the former director of the FBI and a critic of President Donald Trump.