(Reuters) - Highlights for U.S. President Donald Trump's administration on Friday:
Trump says a "major, major conflict" with North Korea is possible over its nuclear and ballistic missile programs, while China says the situation on the Korean peninsula could escalate or slip out of control.
Secretary of State Rex Tillerson warns that failure to curb North Korea's nuclear and missile development could lead to 'catastrophic consequences,' while China and Russia caution Washington against threatening military force.
GOVERNMENT SPENDING BILL
The Republican-led Congress averts a U.S. government shutdown, giving lawmakers another week to work out federal spending through Sept. 30, with tricky issues like defense spending still unresolved.
TRUMP AT NATIONAL RIFLE ASSOCIATION
Trump pledges to uphold Americans' right to possess guns in a speech that he uses to revisit some 2016 election campaign themes from his vow to build a border wall to dismissing Democratic Senator Elizabeth Warren as "Pocahontas."
Trump tells Reuters he will either renegotiate or terminate what he calls a "horrible" free trade deal with South Korea and says Seoul should pay for a U.S. anti-missile system he prices at $1 billion.
Trump's suggestion that Seoul pay for the U.S. missile defense system would be an "impossible option," a top foreign policy adviser to South Korean presidential front-runner Moon Jae-in says.
Lawmakers, lobbyists and interest groups are making a final push in their fight over regulations enacted during former President Barack Obama's last months in office, with the financial services industry working hard to kill a rule on retirement plans run by states.
Trump signs an executive order to extend offshore oil and gas drilling to areas that have been off limits, in a move to boost domestic production just as industry demand for the acreage nears the lowest in years.
A U.S. appeals court grants a Trump administration request to put on hold a legal challenge by industry and a group of states to Obama administration regulations aimed at curbing greenhouse emissions mainly from coal-fired power plants, rules that the Republican president is moving to undo.
Israel intends to build 15,000 new settlement homes in East Jerusalem, the Housing Ministry says, despite Trump's request to "hold back" on settlements as part of a possible new push for Israeli-Palestinian peace.
(Compiled by Jonathan Oatis; Editing by Tom Brown and James Dalgleish)