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Donald Trump signals he's prepared to bypass Congress to pursue his top priorities.
Plus, China said it hit its growth target for 2024.
But how will its economy fare if Trump tariffs and what could be the ripple effects of a trade war?
So if China doubles down on what it's doing now and tries to keep shoving more goods into the rest of the world, then what we're likely to see is a much broader trade war.
And the Gaza ceasefire deal appears to be back on Track.
It's Friday, January 17th.
I'm Kate Bullivant for the Wall Street Journal, filling in for Luke Vargas.
And here is the AM edition of what's news, the top headlines and business stories moving your Israeli Prime Minister Benjamin Netanyahu says negotiators have reached an agreement on a Gaza ceasefire, ending two days of debate that underscored the fragility of the pact.
The deal now goes to Israel's security Cabinet for approval before being submitted to a vote by the full cabinet.
Back in Washington, Donald Trump has told Senate Republicans he won't wait on them to begin implementing tariffs and overhauling the immigration system, his two biggest policy pledges.
That's a according to people present at a meeting earlier this month in which Trump told lawmakers that he has already drafted roughly 100 executive orders and that he's prepared to push the limits of his authority to tackle those issues.
The executive branch has expansive authority over immigration enforcement, and Congress has delegated more authority on tariffs to the president over time.
Still, divisions within Trump's inner circle could hamper his most ambitious proposals.
And since the election, Trump has softened some of his campaign rhetoric around mass deportations.
A spokeswoman for the Trump transition didn't respond to a request for comment.
Meanwhile, we report that the newly created Department of Government Efficiency, led by Trump confidant Elon Musk, has already started to look for ways to cut spending, shrink the federal workforce and restructure agencies, according to people familiar with the matter.
DOGE officials have focused on how those goals can be met through executive action rather than legislation.