Washington, May 1 (AP) The Trump administration is arguing that the war in Iran has already ended because of a ceasefire that began in early April, an interpretation that would allow the White House to avoid the need to seek congressional approval.

While the ceasefire has since been extended, Iran maintains its chokehold on the Strait of Hormuz, and the US Navy is maintaining a blockade to prevent Iran's oil tankers from getting out to sea.

President Donald Trump said Friday that he's “not satisfied” with Iran's latest proposal in negotiations to end the war. Asked what he sees are the proposal's shortcomings, Trump said, “They're asking for things I can't agree to.” Many Republicans who have been uneasy with Trump's war in Iran emphasized that there would be a May 1 deadline for Congress to intervene. But the date is now set to pass with no action from GOP lawmakers who continue to defer to the White House.

Here's the latest: Trump says he's still looking at a taxpayer-funded takeover of Spirit Airlines ---------------------------------------------------------------------------------- “We're looking at it. If we could do it, we'll do it. But only if it's a good deal,” Trump told reporters on Friday as he prepared to leave the White House for a trip to Florida.

He didn't offer any details about what proposal he was considering but said he'd like to save jobs at the airline. Trump said his administration gave Spirit “a final proposal” and would make an announcement Friday or Saturday.

“We're looking at Spirit and if we can help them, we will. But we have to come first,” he said.

Some background on the 2025 trade deal between the US and EU --------------------------------------------------------------------- The 2025 deal was first cast into doubt after the U.S. Supreme Court this year ruled the Republican president lacked the legal authority to declare an economic emergency and charge tariffs on EU goods.

The initial agreement had been a tariff ceiling of 15% on goods from the EU, but the Supreme Court ruling reduced that to 10% as the Trump administration launched a new set of import taxes based on other laws. The Trump administration is in the middle of investigations on trade imbalances and national security risks to impose a new tariff regime, which could ultimately put the agreement with the EU in risk of violation.

The EU had said it expected the bilateral deal would save European automakers about 500 million to 600 million euros ($585 million to $700 million) a month.

The value of EU-U.S. trade in goods and services amounted to 1.7 trillion euros ($2 trillion) in 2024, or an average of 4.6 billion euros a day, according to EU statistics agency Eurostat.

Bessent wants Americans to avoid easy-money traps and invest in financial literacy ---------------------------------------------------------------------------------- Treasury Secretary Scott Bessent winces at the allure of easy money — whether it's lottery tickets, buy now, pay later loans or the promise of a crypto windfall — warning that the get-rich-quick mindset often leads Americans farther from financial stability, not closer to it.

“There are a lot of young people, mostly young men, going to blue-collar construction jobs, playing the lottery. It drives me crazy,” Bessent said in an interview.

”The best thing you can do is not play the lottery,” he said — rather, people should invest and “then watch it grow.” Bessent spoke about the basics of building a workable budget and saving for the future at the tail end of Financial Literacy Month, an initiative the billionaire hedge fund manager has made a priority since joining Trump's administration, driven by a childhood marred by poverty.

King Charles III wins praise for deft handling of Trump on his US state visit -------------------------------------------------------------------------------------------- President Trump sang the praises of King Charles III after the monarch's state visit this week. He even lifted some tariffs on Scotch whisky as a favor to the British monarch.

The king delivered a diplomatic master-class on the trip, mixing praise for his host with subtle criticism. It's unclear, though, whether it will make a major difference to a trans-Atlantic relationship troubled by divisions over issues including the Iran war.

“In the short term probably yes, in the long term probably no,” said Kristofer Allerfeldt, a University of Exeter professor specializing in American history. But he said Charles had “definitely clawed back some of the prestige of the monarchy” in his homeland with his assured performance.

“He's done us proud,” Allerfeldt said.

Joe Biden endorses a former Atlanta mayor and White House adviser for Georgia governor ---------------------------------------------------------------------------------------- The former Democratic president is wading into the midterms, making his first political endorsement of the 2026 cycle by backing Keisha Lance Bottoms for the state's top job.

Bottoms served as Biden's senior adviser for public engagement after her tenure as Atlanta mayor.

In a one-minute video promoting her candidacy, Biden praised her track record as mayor and said “those same qualities that made her a great mayor made her invaluable to our administration — smart, focused, gets things done.” “She handled it all with steady and thoughtful leadership,” Biden said in the video. “That's the definition of battle-tested.” After major enforcement operations, the Trump administration recalibrates its immigration crackdown ----------------------------------------------------------------------------------- When Homeland Security Secretary Markwayne Mullin was questioned by senators during his confirmation hearing about his vision for implementing President Trump's mass deportation agenda, he said his goal was to keep his department off the front pages of the news.

To some degree, he has. Gone are the social media video clips of now-retired Border Patrol commander Greg Bovino clashing with protesters. Mullin's predecessor, Kristi Noem, made her first trip as secretary to New York City to make arrests with Immigration and Customs Enforcement. In contrast, Mullin went to North Carolina to review hurricane recovery efforts.

The Republican administration appears to be recalibrating its approach to a centerpiece policy that helped bring Trump back to the White House, moving in many ways away from aggressive, public-facing tactics toward a quieter approach to enforcement. Despite that shift, the administration insists it's not backing down from its lofty deportation goals.

Republicans say they will defer to Trump on Iran war despite arrival of 60-day deadline -------------------------------------------------------------------------------------- Many Republicans who have been uneasy with Trump's war in Iran emphasized that there would be a May 1 deadline for Congress to intervene. But the date is now set to pass with no action from GOP lawmakers who continue to defer to the White House.

Under the War Powers Resolution of 1973, Congress must declare war or authorize the use of force within 60 days — a deadline that falls on Friday — or within 90 days if the president asks for an extension. But Congress made no attempt at enforcing that requirement, leaving town for a week on Thursday after the Senate rejected a Democratic attempt to halt the war for a sixth time.

The Trump administration has shown no interest in seeking congressional approval at all. It is arguing that the deadlines set by the law don't apply because the war in Iran effectively ended when a ceasefire began in early April.

Senate Majority Leader John Thune, R-S.D., said Thursday he doesn't plan on a vote to authorize force in Iran or otherwise weigh in.

Trump gives go-ahead to major new Canada-US oil pipeline --------------------------------------------------------------- President Donald Trump granted a key approval Thursday for a major new oil pipeline from Canada into the U.S. that's been dubbed “Keystone Light” over its similarities to a contentious project blocked by the Biden administration.

The three-foot-wide (1 meter) Bridger Pipeline Expansion would carry up to 550,000 barrels (87,400 cubic meters) of oil a day from Canada through Montana and Wyoming, where it would link with another pipeline.

The pipeline needs additional state and federal environmental approvals before construction, which company officials expect to start next year. Environmentalists hope to stop the project over worries that the pipeline could break and spill.

At peak volume, the 650-mile (1,050-kilometer) pipeline would move two-thirds as much oil as the better-known Keystone XL pipeline that got partially built before President Joe Biden, citing climate change, canceled its permit on the day he took office in 2021. (AP) AMS