The Note: For whom the president saves his praises

Trump can add Duterte to the list of so-called strongmen that he's praised.


--TRUMP 'WOULD BE HONORED' TO MEET WITH KIM JONG UN, DEFENDS DUTERTE WHITE HOUSE INVITATION: President Donald Trump said he "would be honored" to meet with North Korean leader Kim Jong Un, amid rising tensions between the U.S. and North Korea, and defended inviting Philippine President Rodrigo Duterte to visit the White House. Trump spoke to Bloomberg on Monday, saying, "If it would be appropriate for me to meet with him [Kim], I would, absolutely. I would be honored to do it." ABC's ADAM KELSEY has more:

--TRUMP SAYS HE'S 'LOOKING AT' BREAKING UP BIG BANKS: President Donald Trump says he's considering pushing for legislation that would break up big banks on Wall Street. “I’m looking at that right now,” Trump said about breaking up Wall Street banks in an interview with Bloomberg News. “There’s some people that want to go back to the old system, right? So we’re going to look at that.” ABC's RYAN STRUYK has more:

--THE PRESIDENT’S SCHEDULE: This morning, President Trump will participate in the departure ceremony for Lt. Col. Wesley Spurlock of the US Air Force, and take part in the USAF Academy Commander-in-Chief trophy presentation in the Rose Garden. He is scheduled to speak with Vladimir Putin by telephone at 12:30, his third call with the Russian leader. President Trump will also meet with national security adviser H.R. McMaster in the evening.


WHAT'S INSIDE CONGRESS' $1 TRILLION SPENDING BILL. Late Sunday night, Congress reached a bipartisan agreement on a massive $1 trillion spending bill that will fund the government through September. The bill that’s expected to pass later this week puts off a government shutdown and delivers victories for both parties. ABC’s ALI ROGIN, BENJAMIN SIEGEL and VERONICA STRACQUALURSI notes what’s included in the new spending bill, and what’s been left out:

TRUMP ADMINISTRATION RELAXING OBAMA-ERA SCHOOL LUNCH STANDARDS. The U.S. Department of Agriculture is easing school lunch regulations spearheaded by the Obama administration. Newly minted Agriculture Secretary Sonny Perdue unveiled a new interim rule on Monday to suspend sodium reduction requirements and whole-grain requirements as well as allow 1 percent fat flavored milk back into school cafeterias nationwide, report ABC's MARIAM KHAN and STEPHANIE EBBS. "I wouldn't be as big as I am today without chocolate milk," Perdue said.

COULD LIBEL LAWS CHANGE UNDER PRESIDENT TRUMP? White House Chief of Staff Reince Priebus said on “This Week” that a change in the nation's libel laws "is being looked at" by the Trump administration, a move some legal experts said would be nearly impossible. Legally, libel is defined as making a false statement of fact while knowing it is false or having reckless disregard for the truth. ABC’s LAUREN PEARLE and MEGHAN KENEALLY has more:


@margarettalev: @POTUS spent 30 mins w me and @JenniferJJacobs at WH today. Here is the transcript.

@dcraiggordon: Donald Trump on Steve Bannon: a “very decent guy” who is getting a “bad rap.”

@realDonaldTrump: President Andrew Jackson, who died 16 years before the Civil War started, saw it coming and was angry. Would never have let it happen!

@jdawsey1: Trump's dizzying day of interviews had no strategy & left aides, allies and historians saying: What? Why? My story:

@bluestein: Jon Ossoff’s campaign readies a $5.2M ad blitz