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Billions in Cuts, Diddy on Trial & Fashion's Biggest Night - Monday, May 5, 2025

The news to know for Monday, May 5, 2025!

We'll tell you about the budget proposal that would drastically cut the size and influence of the federal government.

Also, we're talking about how a possible tragedy was avoided at a Lady Gaga concert, and recapping the case against Diddy ahead of his criminal trial today.

Plus, why President Trump is talking about reopening Alcatraz as a prison, what a strong jobs report did for the stock market, and what to expect from fashion's big night out.

Those stories and even more news to know in about 10 minutes!

Join us every Mon-Fri for more daily news…

The skinny

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