US President Trump's proposals are reportedly facing opposition in Congress, Semafor reports; these include a gas tax holiday and federal funding for a new ballroom in the White House

Reports of bipartisan opposition to President Trump's proposals, including a gas tax holiday, suggest potential challenges for fiscal measures that might have supported economic growth or addressed inflation concerns. This opposition could lead to uncertainty in markets, particularly affecting energy prices and the broader economic outlook, which may resonate through equities and currency valuations as traders reassess policy risks.