President Donald Trump is gathering with top national security officials. Monday's meeting comes as the U.S. Coast Guard is stepping up efforts to interdict oil tankers in the Caribbean Sea as part of an escalating pressure campaign on Venezuelan President Nicolás Maduro's government. Secretary of State Marco Rubio, Defense Secretary Pete Hegseth, and others are scheduled to join Trump, who is vacationing at his Mar-a-Lago resort, for what the White House calls a "major announcement." Trump is expected to announce plans to build a new, large warship that Trump is calling a "battleship" as part of a larger vision to create a "Golden Fleet." That's according to people familiar with the matter who were not authorized comment publicly.

Lawmakers across the U.S. will be debating whether to adopt new federal tax breaks for tips, overtime and business expenses. The Trump administration is urging states to follow its lead by applying the federal tax cuts to state income taxes. But that decision varies by state. In some places, the tax breaks automatically apply unless legislatures opt out. In others, they won't occur unless legislatures opt in. States embracing all of President Donald Trump's tax cuts could offer significant savings to taxpayers but may also face financial strain. So far, only a few states have voted on these tax breaks, with Michigan being the first to opt in for tips and overtime.

Four centrist Republicans have broken with their party's leadership over health care. They've signed onto a Democratic-led petition that will force a House vote on extending for three years an enhanced pandemic-era subsidy that lowers health insurance costs for millions of Americans. The stunning move Wednesday comes after House Republican leaders pushed ahead with a health bill that doesn't address the soaring monthly premiums coming for those with insurance through the Affordable Care Act. A House vote on the subsidies could come as soon as January. Even if it passed, it would face an arduous climb in the Republican-led Senate.

Former Justice Department special counsel Jack Smith has told lawmakers in a closed-door interview his team "developed proof beyond a reasonable doubt" President Donald Trump criminally conspired to overturn his 2020 election loss. That's according to portions of Smith's opening statement obtained by The Associated Press on Wednesday. Smith says investigators had "powerful evidence" Trump broke the law by hoarding classified documents at his Florida estate from his first term as president and by obstructing government efforts to recover the records. Smith says decisions in the investigations were made without regard to consideration of Trump's Republican candidacy in 2024. Trump has said he'd rather see Smith testify publicly.