By LISA MASCARO and KEVIN FREKING, Associated Press

WASHINGTON (AP) — After abruptly halting votes, House Speaker Mike Johnson vowed to try again Thursday to approve a Republican budget framework, having worked into the night to satisfy GOP holdouts who refused to advance trillions of dollars in tax breaks without deeper spending cuts.

Even a hefty push from President Donald Trump couldn’t heave the package to approval. Johnson was forced to abandon Wednesday’s scheduled action as the Republican hardliners left him without enough support, and risked upending what the president calls the “big, beautiful bill,” which is central to his agenda of tax cuts, mass deportations and a smaller federal government.

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“The president is very anxious for us to get this done,” Johnson, R-La., said as he left a late-night meeting with the GOP lawmakers. He said he expects votes on Thursday.

Pushing the budget framework forward would log another milestone for Johnson, who can only lose a few detractors from his slim majority. A failed vote, particularly as the economy was convulsing over Trump’s trade wars, would be a major setback for the Republican agenda in Washington.

“Stop grandstanding!” Trump had admonished Republicans during a black-tie fundraising dinner at the National Building Museum earlier in the week.

Trump told the Republicans, “Close your eyes and get there.”

But by Wednesday afternoon, the outcome was in flux. At least a dozen conservative Republicans, if not more, stood firmly against the plan. Several of them, including members of the ultraconservative Freedom Caucus, made the unusual move of walking across the Capitol to meet privately with Senate GOP leaders to insist on deeper cuts.

As night fell, Johnson pulled a group of Republicans into a private meeting room as House proceedings came to a standstill. They stayed into the night hashing out alternatives.

Johnson said he spoke with Trump for about five minutes while the GOP meeting was taking place. The GOP speaker said they’re trying to figure out the minimal number of cuts and savings “that will satisfy everyone.”

Options include amending the Senate bill or having a conference committee work out the differences, among others. “There’s a few different ideas on the table,” Johnson said.

“We want everybody to have a high degree of comfort about what is happening here, and we have a small subset of members who weren’t totally satisfied with the product as it stands,” Johnson said.

But House GOP conservatives, including several of those who met personally with Trump at the White House this week, remained concerned that the Senate GOP’s blueprint, approved last weekend, does not slash spending to the level they believe is necessary to help prevent soaring deficits.

“The Math Does Not Add Up,” Rep. Chip Roy, R-Texas, posted on social media. He said he would not support it.

Rep. Chip Roy, R-Texas, a member of the conservative House Freedom Caucus, listens as the Republican plan to advance President Donald Trump’s top domestic priorities on spending reductions and tax breaks is prepared in the House Rules Committee for a floor vote, at the Capitol in Washington, Wednesday, April 9, 2025. The deficit hawk has blasted the GOP plan drawing the ire of both Trump and House Speaker Mike Johnson. (AP Photo/J. Scott Applewhite)

Rep. Andy Harris, R-Md., the chair of the Freedom Caucus, led others to met with Senate Majority Leader John Thune, R-S.D., and other top Senate Republicans.

“All we can do is make sure that they understand where we’re coming from and how close we want to work with them to get to the final product,” Thune said afterward.

But the Senate GOP leader panned the idea of the House sending back an amended version, which would require another potential all-night voting session like the one senators endured last weekend. “We can’t do that — another vote-a-rama, that drags it on indefinitely,” Thune said.

The House and Senate are still at the beginning phase of a process that will take weeks, if not months, as they turn their budget resolutions into legislative text — a final product with more votes ahead later this spring or summer.

Democrats, in the minority, do not have enough votes to stop the package, but have warned against it.

House Democratic Leader Hakeem Jeffries of New York said the Republicans’ budget plan is reckless and callous as it proposes slashing budgets to give tax breaks to the wealthy.

“We’re here to make it clear,” Jeffries said. “Hands off everyday Americans struggling to make ends meet.”

Central to the budget framework is the Republican effort to preserve the tax breaks approved in 2017, during Trump’s first term, while potentially adding the new ones he promised on the campaign trail. That includes no taxes on tipped wages, Social Security income and others, ballooning the price tag to some $7 trillion over the decade.

The package also allows for budget increases with some $175 billion to pay for Trump’s mass deportation operation and as much for the Defense Department to bolster military spending.

It all would be partly paid for with steep cuts to domestic programs, including health care, as part of the $2 trillion in reductions outlined in the House GOP version of the package, though several GOP senators have signaled they are not willing to go that far.

To clip costs, the Senate is using an unusual accounting method that does not count the costs of preserving the 2017 tax cuts, some $4.5 trillion, as new spending, another factor that is enraging the House conservatives.

Two Republican senators voted against their package during an overnight weekend session — Maine Sen. Susan Collins objected to steep cuts to Medicaid in the House’s framework, while Kentucky Sen. Rand Paul argued the whole package relied on “fishy” math that would add to the debt.

The package would also boost the nation’s debt limit to allow more borrowing to pay the bills. Trump had wanted lawmakers to take the politically difficult issue off the table. With debt now at $36 trillion, the Treasury Department has said it will run out of funds by August.

But the House and Senate need to resolve their differences on the debt limit, as well. The House GOP raises the debt limit by $4 trillion, but the Senate GOP boosted it to $5 trillion so Congress would not have to revisit the issue again until after the fall 2026 midterm election.

With Trump’s trade wars hovering over the debate, House Republicans tucked a provision into a procedural vote that would prevent House action — as the Senate has taken — to disapprove of Trump’s tariffs.

Associated Press writers Mary Clare Jalonick, Stephen Groves, Leah Askarinam and Matt Brown contributed to this report.

A U.S.-Russian dual national imprisoned in Russia on treason charges was freed Thursday in exchange for a Russian man jailed on smuggling charges in the U.S., a prisoner swap that comes as Moscow and Washington have made efforts to repair ties.

Ksenia Karelina, also identified in the media as Ksenia Khavana, is “on a plane back home to the United States,” U.S. Secretary of State Marco Rubio said in a post on social media platform X. She was arrested in the Ural Mountains city of Yekaterinburg in February 2024 and convicted of treason on charges stemming from a donation of about $52 to a charity aiding Ukraine. American authorities have called the case “absolutely ludicrous.”

Russia’s Federal Security Service, the country’s main security and counterespionage agency, said that dual Russian-German citizen Arthur Petrov was released as part of a swap. Petrov was arrested in Cyprus in August 2023 at the request of the U.S. on charges of smuggling sensitive microelectronics to Russia and extradited to the U.S. a year later.

Karelina was among a growing number of Americans arrested in Russia in recent years as tensions between Moscow and Washington spiked over the war in Ukraine. Her release is the latest in a series of high-profile prisoner exchanges Russia and the United States carried out in the last three years — and the second since President Donald Trump took office less than three months ago and reversed Washington’s policy of isolating Russia in an effort to end the war in Ukraine.

Russian and U.S. diplomats are sitting down Thursday for another round of talks in Istanbul on improving diplomatic ties.

In February, Russia released American teacher Marc Fogel, imprisoned on drug charges, in what the White House described as a diplomatic thaw that could advance peace negotiations. That same month, Russia released another American just days after arresting him on drug smuggling charges.

Karelina, a former ballet dancer, reportedly obtained U.S. citizenship after marrying an American and moving to Los Angeles. She was arrested when she returned to Russia to visit her family last year.

The Federal Security Service, or FSB, accused her of “proactively” collecting money for a Ukrainian organization that was supplying gear to Kyiv’s forces. The First Department, a Russian rights group, said the charges stemmed from a $51.80 donation to a U.S. charity aiding Ukraine.

“I am overjoyed to hear that the love of my life, Ksenia Karelina is on her way home from wrongful detention in Russia,” Karelina’s fiancé, Chris van Heerden, said in a statement. “She has endured a nightmare for 15 months and I cannot wait to hold her. Our dog, Boots, is also eagerly awaiting her return.”

He thanked Trump and Trump administration envoys, as well as prominent public figures who had championed her case.

Karelina’s lawyer Mikhail Mushailov said she was flying to the U.S. after a prisoner swap in Abu Dhabi, United Arab Emirates.

The FSB said in a statement that Russian President Vladimir Putin had pardoned Karelina before the swap. It said that Petrov, who was facing a 20-year prison term in the U.S., was exchanged for Karelina at the Abu Dhabi international airport with the UAE mediation.

The agency released a video that showed Karelina being escorted to a plane somewhere in Russia and featured of what appeared to be the scene of exchange at the Abu Dhabu airport. The same video showed Petrov undergoing medical checkups on a flight to Russia and saying he was feeling normal.

FILE – Ksenia Karelina, also known as Khavana sits in a glass cage in a court room in Yekaterinburg, Russia, Thursday, June 20, 2024. (AP Photo, File)

Petrov was accused by the U.S. Justice Department of involvement in a scheme to procure microelectronics subject to U.S. export controls on behalf of a Russia-based supplier of critical electronic components for the country’s weapons industries.

The exchange was first reported by the Wall Street Journal, citing a statement from CIA director John Ratcliffe, who it said was on hand for the swap at an airport in Abu Dhabi.

An email seeking comment was sent to the CIA in the early hours of Thursday.

Abu Dhabi was the scene of another high-profile prisoner swap between Russia and the United States. In December 2022, American basketball star Brittney Griner was traded for the notorious Russian arms dealer Viktor Bout.

The UAE has been a mediator in prisoner swaps between Russia and Ukraine, while the skyscraper-studded city of Dubai has become home to many Russians and Ukrainian who fled there after the start of Moscow’s 2022 full-scale invasion of Ukraine.

By BERNARD CONDON, Associated Press Business Writer

NEW YORK (AP) — When Donald Trump offered some financial advice Wednesday morning, stocks were wavering between gains and losses.

But that was about to change.

“THIS IS A GREAT TIME TO BUY!!! DJT,” he wrote on his social media platform Truth Social at 9:37 a.m.

Less than four hours later, Trump announced a 90-day pause on nearly all his tariffs. Stocks soared on the news, closing up 9.5% by the end of trading. The market, measured by the S&P 500, gained back about $4 trillion, or 70%, of the value it had lost over the previous four trading days.

It was a prescient call by the president. Maybe too prescient.

President Donald Trump is displayed on a television on the floor at the New York Stock Exchange in New York, Wednesday, April 9, 2025. (AP Photo/Seth Wenig)

“He’s loving this, this control over markets, but he better be careful,” said Trump critic and former White House ethics lawyer, Richard Painter, noting that securities law prohibits trading on insider information or helping others do so. “The people who bought when they saw that post made a lot of money.”

The question is, Was Trump already contemplating the tariff pause when he made that post?

Asked about when he arrived at his decision, Trump gave a muddled answer.

“I would say this morning,” he said. “Over the last few days, I’ve been thinking about it.”

He then added, “Fairly early this morning.”

Asked for clarification on the timing in an email to the White House later, a spokesperson didn’t answer directly but defended Trump’s post as part of his job.

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“It is the responsibility of the President of the United States to reassure the markets and Americans about their economic security in the face of nonstop media fearmongering,” wrote White House spokesman Kush Desai.

Another curiosity of the posting was Trump’s signoff with his initials.

DJT is also the stock symbol for Trump Media and Technology Group, the parent company of the president’s social media platform Truth Social.

It’s not clear if Trump was saying buying stocks in general, or Trump Media in particular. The White House was asked, but didn’t address that either. Trump includes “DJT” on his posts intermittently, typically to emphasize that he has personally written the message.

The ambiguity about what Trump meant didn’t stop people from pouring money into that stock.

Trump Media closed up 22.67%, soaring twice as much as the broader market, a stunning performance by a company that lost $400 million last year and is seemingly unaffected by whether tariffs would be imposed or paused.

Trump’s 53% ownership stake in the company, now in a trust controlled by his oldest son, Donald Trump Jr., rose by $415 million on the day.

Trump Media was bested, albeit by only two-hundreds of a percentage point, by another Trump administration stock pick — Elon Musk’s Tesla.

Last month, Trump held an extraordinary news conference outside the White House praising the company and its cars. That was followed by a Fox TV appearance by his commerce secretary urging viewers to buy the stock.

Tesla’s surge Wednesday added $20 billion to Musk’s fortunes.

Kathleen Clark, a government ethics law expert at Washington University School of Law, says Trump’s post in other administrations would have been investigated, but is not likely not to trigger any reaction, save for maybe more Truth Social viewers.

“He’s sending the message that he can effectively and with impunity manipulate the market,” she said, “As in: Watch this space for future stock tips.”

By LORNE COOK and DAVID McHUGH, Associated Press

BRUSSELS (AP) — The European Union’s executive commission said Thursday it will put retaliation measures on hold for 90 days to match President Donald Trump’s pause on his sweeping new tariffs on global trading partners and leave room for a negotiated solution.

European Commission President Ursula von der Leyen said that the commission, which handles trade for the bloc’s 27 member countries, “took note of the announcement by President Trump.”

New tariffs on $23 billion of US goods will be put on hold for 90 days because “we want to give negotiations a chance,” she said in a statement.

But she warned: “If negotiations are not satisfactory, our countermeasures will kick in.”

Trump imposed a 20% levy on goods from the EU as part of his onslaught of tariffs of 10% and upward against global trading partners but said Wednesday he will pause them for 90 days to give countries a chance to negotiate solutions to U.S. trade concerns.

Countries subject to the pause will face Trump’s 10% baseline tariff.

Before Trump’s announcement, EU member countries voted to approve a set of retaliatory tariffs on $23 billion in goods in response to his 25% tariffs on imported steel and aluminum that took effect in March. The EU, the largest trading partner of the U.S., described them as “unjustified and damaging.”

The EU tariffs were set to go into effect in stages, some on April 15 and others on May 15 and Dec. 1. The EU commission didn’t immediately provide a list of the goods.

Members of the EU — the world’s largest trading bloc — have said they prefer a negotiated deal to resolve a trade war that damages the economies on both sides. The bloc’s top trade official has shuttled between Brussels and Washington for weeks trying to head off a conflict.

The targeted goods are a tiny fraction of the $1.8 trillion in U.S.-EU annual trade. Some 4.4 billion euros in goods and services crosses the Atlantic each day in what the European Commission calls “the most important commercial relationship in the world.”

The EU has targeted smaller lists of goods in hopes of exerting political pressure and avoiding economic damage from a wider escalation of tit-for-tat tariffs.

The EU is also working on a further set of countermeasures in response to Trump’s blanket 20% tariff on all European goods, now suspended. That could include measures aimed at U.S. tech companies and the services sector as well as trade in goods.

Still, von der Leyen said that Europe intends to diversify its trade partnerships.

She said that the EU will continue “engaging with countries that account for 87% of global trade and share our commitment to a free and open exchange of goods, services, and ideas,” and to lift barriers to commerce inside its own single market.

“Together, Europeans will emerge stronger from this crisis,” von der Leyen said.

McHugh reported from Frankfurt, Germany