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.
President Donald Trump escalated his criticism of Russian President Vladimir Putin in a vague post on Truth Social Tuesday.
The president said that "Putin doesn’t realize is that if it weren’t for me, lots of really bad things would have already happened to Russia, and I mean REALLY BAD."
"He’s playing with fire!," Trump added in the post.
-ABC News' Michelle Stoddart
President Donald Trump on Tuesday threatened to withhold federal funding to California because a transgender athlete "won everything" at a recent competition.
The president didn't share their name or which sport they competed in.
"This week a transitioned Male athlete, at a major event, won 'everything,' and is now qualified to compete in the 'State Finals' next weekend. As a Male, he was a less than average competitor. As a Female, this transitioned person is practically unbeatable. THIS IS NOT FAIR, AND TOTALLY DEMEANING TO WOMEN AND GIRLS," Trump wrote on his social media platform.
Trump said "large-scale" federal funding will be held back, "maybe permanently," if the state allows the athlete to continue competing in women's sports.
"I am ordering local authorities, if necessary, to not allow the transitioned person to compete in the State Finals. This is a totally ridiculous situation," Trump wrote.
President Donald Trump said on Monday morning that he is considering reallocating $3 billion in federal grant money from Harvard University to trade schools.
"What a great investment that would be for the USA, and so badly needed!!!" Trump wrote on his conservative social media platform.
The comments come after the administration last week moved to prohibit the school from enrolling international students. Trump has also threatened the school's tax-exempt status and has withheld billions in federal funding since the school refused to comply with the administration's demands regarding campus policies and governance.
After sending a generic Memorial Day message, President Donald Trump posted a more extensive holiday message on social media, specifically addressing undocumented immigrants and the United States court system.
In all capital letters, Trump extended Memorial Day wishes to what he called "USA hating judges" he accused of protecting undocumented immigrants, among them convicted or alleged criminals.
"Hopefully the United States Supreme Court, and other good and compassionate judges throughout the land, will save us from the decisions of the monsters who want our country to go to hell," Trump added.
Trump's second Memorial Day message contained no mention of U.S. military personnel who lost their lives while serving in the armed forces.
-ABC News' Kelsey Walsh
