The White House is planning on Friday to unveil President Donald Trump's 2026 budget, a sweeping framework that is expected to propose steep reductions, if not a wholesale zeroing out, of various federal programs as part of his administration's priorities.

U.S. President Donald Trump plans to unveil his budget proposal for the 2026 fiscal year on Friday and send it to Congress, according to a White House official. The annual White House budget request includes economic forecasts as well as detailed proposals about how much money should be spent by every government agency for the year that starts on October 1.

A slower phase-in for tariffs on auto parts will give manufacturers time to ramp up manufacturing in the U.S. Some warn they will still drive up car prices.

The Trump administration’s tariffs on imported cars and auto parts will cost General Motors between $4 billion and $5 billion this year, according to a GM letter to shareholders. CNN’s Erin Burnett interviews GM CEO Mary Barra about the impact of Trump’s tariffs.

The White House adjusted how tariffs on automotive parts are calculated, giving carmakers time to move complex global supply chains to the U.S.