Trump 2nd term live updates: Trump defends tariffs, declines to comment on Ukraine aid

President Donald Trump signed an executive order on Friday limiting who is eligible to benefit from the Public Service Loan Forgiveness program, the White House said, with a focus of barring those who work for nonprofit organizations engaging in "lawbreaking activities."

"A lot of these people work for NGO organizations, for nonprofit organizations, that engage in illegal or what we would consider to be improper activities," White House staff secretary Will Scharf said. "For example, illegal immigration or foreign terrorist organizations or otherwise lawbreaking activities."

The Public Service Loan Forgiveness program, signed into law in 2007 by then-President George W. Bush, forgives the remaining balance for eligible borrowers after 10 years of payments while working full time in the federal, state or local government, including the military, or for a nonprofit.

-ABC News' Fritz Farrow

President Donald Trump on Friday night announced he was naming Fox News hosts Laura Ingraham and Maria Bartiromo to the Kennedy Center board, a month after he terminated its chair and several members.

"I am thrilled to announce that Laura Ingraham and Maria Bartiromo will be joining our Kennedy Center Board - This completes our selection," Trump wrote on his social media platform. “We look forward to restoring the Center to Greatness, and ushering in America’s Golden Age. Together, we will Make the Arts Great Again!”

Several performers have stepped down from the board, like Shonda Rhimes, or canceled their scheduled appearances at the center, citing Trump's takeover. The producer of Broadway hit "Hamilton" announced on Wednesday the play's 2026 run at the Kennedy Center was canceled.

President Donald Trump held a crypto summit at the White House on Friday where he trumpeted his executive order that aims to create a strategic bitcoin reserve he called a "digital Fort Knox."

"Last year, I promised to make America the bitcoin superpower of the world and the crypto capital of the planet, and we're taking historic action to deliver on that promise as you know around the table," Trump said.

The reserve will be made up of bitcoin obtained via criminal or civil asset forfeiture proceedings.

“From this day on, America will follow the rule that every bitcoin knows very well: Never sell your bitcoin,” Trump added, after criticizing the administration of former President Joe Biden. "And that's a little phrase that they have. I don't know if that's right or not. Who the hell knows?”

Trump vowed that the treasury and commerce departments will pursue additional avenues to acquire bitcoin "provided it's done at no cost to the taxpayers. We don't want any cost to the taxpayers."

-ABC News' Fritz Farrow

During a hastily arranged Cabinet meeting on Thursday at the White House, Elon Musk clashed with top Cabinet officials -- particularly Secretary of State Marco Rubio -- over the way Rubio has so far approached his management of the department he oversees, according to multiple sources with knowledge of the meeting.

Most Cabinet members around the table were observers, and didn't weigh in on the spat between Musk and Rubio, which was first reported by the New York Times. Musk accused Rubio of not firing anyone in his department, and Rubio said that was not true, given the agency had more than 1,000 employees take buyouts, sources told ABC News.

Trump observed the back and forth before interjecting and telling Rubio he was doing a good job. ABC News has reached out to the State Department for comment.

Trump was asked about the alleged clash during an event in the Oval Office on Friday. He denied it, saying "there is no clash," that Rubio and Musk "get along fantastically well" and that "they're both doing a fantastic job."

-ABC News' Rachel Scott, Katherine Faulders and Will Steakin