President Donald Trump escalated his rhetoric against Iran on Wednesday morning, vowing retaliation for attacks on U.S. allies Kuwait and Bahrain. In a post on Truth Social, Trump declared, 'They’ve taken too long to negotiate a deal that would have been great for them, now they will have to pay the price!!!' The warning comes amid a broader confrontation with Tehran, as the administration has already conducted strikes in response to the downing of an Apache helicopter.

The president’s tough stance coincides with fresh economic data showing inflation surging to an annual rate of 4.2 percent in May, driven by persistently high gas prices above $4 a gallon nationwide. The consumer price index report provides a stark backdrop for Trump’s foreign policy moves, as voters feel the pinch at the pump.

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On Capitol Hill, the day is packed with hearings and political maneuvering. Bill Gates is set to testify before the House Oversight Committee as part of its investigation into Jeffrey Epstein, drawing attention to the intersection of politics and scandal. Meanwhile, Energy Secretary Chris Wright and Agriculture Secretary Brook Rollins are scheduled to speak before lawmakers, addressing energy policy and agricultural concerns.

Trump is also increasing pressure on Senate Majority Leader John Thune (R-S.D.) to oust the Senate parliamentarian and push through the SAVE America Act. This latest move underscores the ongoing tension between the White House and Senate leadership over procedural hurdles, a dynamic that has strained relations in recent weeks.

Congress will have a shortened session today, as many lawmakers prepare for the annual congressional baseball game in the evening—a bipartisan tradition that provides a brief respite from partisan battles.

Trump is scheduled to sign the $69 billion budget reconciliation bill on Wednesday morning, a key legislative victory that funds border security initiatives. The bill, passed by the House after a narrow vote, will be a centerpiece of the president’s agenda. Later in the day, he will greet finalists for the Presidential 1776 Award, honoring contributions to American history and civics education.

In related developments, the Trump administration continues to push for aggressive action against Iran, with officials signaling that further strikes are possible if attacks on U.S. allies persist. The administration has also been active on other fronts, including pressuring the UK to reverse its ban on social media for under-16s and blaming the Biden administration for a resurgence of screwworm in livestock.

As the day unfolds, political observers are watching for any new developments on the Iran front, as well as the fallout from the inflation report. With gas prices remaining elevated, the economic picture could shape the political landscape heading into the next election cycle.