Axios

Donald Trump released his 2016 financial disclosures, which detail income and assets of his trust and post-election finances.

Read a breakdown of what matters from the 98 page document here.

This does not include his tax filings, which he has refused to release.

Trump released his 2016 financial disclosures Friday evening, detailing income and assets of his trust and post-election finances, as well as retirement accounts, up through April 15 this year. This does not include his tax filings, which he has refused to release.

Why it matters: Trump did not sell his business holdings when he became president, and instead put them in a trust, bucking experts' recommendations. And all this will accrue to him when he hands off the presidency to someone else, which is why critics are concerned visitors and foreign guests to his properties are currying favor with the POTUS, potentially violating the foreign emoluments clause of the Constitution.

Majority Whip Steve Scalise "was in critical condition with an imminent risk of death" when he arrived at the hospital Wednesday after being shot at the GOP Congressional baseball practice, per the MedStar Washington Hospital Center. Dr. Jack Sava, trauma director at the hospital, told reporters that everybody's understanding of "critical condition" is different, so he clarified that Scalise "was as critical as you can be when he came in."

Scalise is in the ICU today and will likely have an operation in the next 48 hours, with more to come, Dr. Sava said. Since his arrival Scalise has undergone two surgeries to mitigate the bullet's trajectory; it entered his left hip and traveled directly across in through his pelvis, rendering "substantial damage" to bones, blood vessels, and organs in what is called a trans-pelvic gunshot wound. Dr. Sava guessed this has left hundreds of bullet fragments.

Three Republican governors sent a letter to Senate leadership Friday detailing their critiques against the proposed cuts to Medicaid in the House health bill, the WSJ reports. They urge Congress to instead focus on calming down the private insurance market.

Context: The House bill's savings are mostly rooted in Medicaid cuts, which are causing the bulk of coverage losses as well. The Senate is taking a similar tack in developing its bill.

Who signed off: John Kasich (OH), Brian Sandoval (NV), Charlie Baker (MA). Four Dems also signed on, including Steve Bullock (MT), John Hickenlooper (CO), John Bel Edwards (LA), Tom Wolf (PA).

President Trump announced Friday that he is "cancelling the last administration's completely one-sided deal with Cuba" and replacing it with a new policy that seeks to both promote human rights as well as drastically limit travel to the country. His speech comes roughly a year after Barack Obama unveiled his own Cuba policy designed to strengthen U.S.-Cuba relations.

"To the Cuban government, I say put an end to the abuse of dissidents. Release the political prisoners. Stop jailing innocent people ... We will enforce the ban on tourism, we will enforce the embargo, we will take steps to make sure that investments flow to the people" so they can begin to build and invest in their future. ... We challenge Cuba to come to the table with a new agreement that is in the best interest of both their people and our people."

Go deeper: What to know about his new policy.

The Trump administration has released a fact sheet on his administration's new Cuba policy, which revises Obama's Cuba deal, minutes before he began his speech in Miami. Here's what's changing:

• The U.S. embargo against Cuba will be reinforced. U.S. companies will only be allowed to have business ties with non-government-related small businesses there.
• American tourism in Cuba is banned again, with the exception of educational travel and group travel.
• The new policies require reporting on Cuba's progress toward "greater political and economic freedom."
• The policy gives the Departments of the Treasury and of Commerce 30 days to being the process of issuing new regulations, after which the changes will take effect.

The Trump administration is planning to announce the design finalists for the southern border wall at some point this summer, a U.S. Customs and Border Protection spokesperson told Breitbart's Charlie Spiering. The wall prototypes will then reportedly be built in San Diego.

What it could look like: Sean Spicer told reporters in a May press briefing that the White House was requesting designs for a levee wall and a bollard wall.

Chants of "U-S-A!" on a night of unity: "Democrats easily defeated Republicans 11-2 in the 2017 Congressional Baseball Game ... [W]hen Democratic manager Pennsylvania Rep. Mike Doyle was presented the winning trophy, he called Republican manager Texas Rep. Joe Barton to join him. Doyle gave the winning trophy back to the Republicans to put in Scalise's office."

Trump's video message: "By playing tonight, you are showing the world that we will not be intimidated by threats, acts of violence, or assaults on our democracy. The game will go on... So on this special night, I leave you with three great American words that for generations have torn down barriers, built bridges of unity, and defied those who have sought to pull us apart. Ladies and gentlemen: Let's play ball!"

DHS Secretary John Kelly announced Thursday evening that the U.S. won't be following through with a program, proposed by Obama but never implemented, that would have protected undocumented parents of Americans or green card holders from deportation. It was called Deferred Action for Parents (DAPA), much like the Deferred Action for Childhood Arrivals.

Why now: Thursday, the Trump team faced a legal deadline in court — the DAPA program had been going through a legal battle since its introduction and had never gone into effect because of it.

At the very bottom of the announcement is the most explicit statement yet from the DHS reassuring those in the Deferred Action against Childhood Arrivals that "No work permits will be terminated prior to their current expiration dates." (Previously the administration said it wouldn't be deporting Dreamers under the Obama-era program.)

Vice President Mike Pence has hired outside legal counsel to represent him in the federal government's expanding Russia probe, per The Washington Post.

• His choice: Pence retained Richard Cullen, a Richmond attorney at the firm McGuire Woods who previously served as a U.S. attorney in the Eastern District of Virginia.
• The reasoning: Pence's office told WaPo that his choice to hire outside counsel shows that he wants to cooperate with the government's investigation.
• Pence's place in the Russia story: The vice president claimed that he was misled by former national security advisor Michael Flynn regarding Flynn's contacts with Russian officials — a lie that ultimately led President Trump to fire Flynn.

Deputy Press Secretary Sarah Sanders confirmed Thursday that Robert Mueller was at the White House interviewing for FBI director the day before he was named as special counsel in the Russia probe. She also stated that she "believes" President Trump has confidence in Mueller, even after reports that he is investigating Trump for obstruction of justice.

The Trump administration has moved to eliminate obscure and unnecessary paperwork requirements for federal agencies, including seven (!) concerning their preparedness for Y2K, per Bloomberg.

Don't worry: The Y2K requirements aren't really followed in practice by most agencies, but eliminating other useless regulations could save thousands of man-hours per year, allowing federal employees to focus on more productive aspects of their work.

We're looking for stuff everyone agrees is a complete waste of time. OMB Director Mick Mulvaney

Before signing an executive order, President Trump said that Rep. Steve Scalise is "in some trouble" and his condition is "more difficult than people even thought at the time." Scalise remains in critical condition after being shot yesterday morning during a GOP congressional baseball practice.

The EO details: Proclaiming that he wouldn't be in the White House without "the American worker," Trump said that today's executive order is meant to "expand apprenticeships and vocational training to help all Americans earn a rewarding career." It's meant to remove federal restrictions that have prevented some industries from implementing apprenticeship programs for their workers.

Only one day after the mass shooting targeting a Republican Congressional baseball practice seemed to bring Washington together, the nasty normal resumed:

The Oxford University Press has named "Trump" the Children's Word of the Year after sifting through 131,798 short stories written by kids and submitted to a BBC contest, NYT reports. The decision was made based on the 839% increase in the use of "Trump" and the context creativity.

This is the first time a proper noun has won either the children's word of the year or adult's word of the year.

Use examples: Snozzle Trump, Trumpelstilskin, Trumpido, Trumpwinningtastic. Hillary Clinton and Obama Llama also made appearances.

Runners up: Brexit, fake news, social media, vlog and super.

Australian Prime Minister Malcolm Turnbull, who had a tense phone call with President Trump in February, was recorded mocking President Trump for his ties to Russia at a media ball at Parliament House in Canberra Wednesday night, reports Reuters.

"The Donald and I... we are winning in the polls. We are! Not the fake polls. We are winning in the real polls. You know, the online polls. They are so easy to win," Turnbull joked in the leaked recording, before adding, "I have this Russian guy..."

The event was off-the-record, but an Australian journalist leaked the tape anyway, saying that because he hadn't attended the event he wasn't constrained by the confidentiality rule. Turnbull later told 3AW radio that he was disappointed by the breach of protocol, but emphasized his speech was "affectionately light-hearted" and was a roast of himself as well.

Republican Congressman Mark Sanford told Morning Joe's Mika Brzezinski Thursday that Trump is "at least partially to blame" for the "demons that have have been unleashed," referring to the nasty partisan rhetoric that has spread throughout the country in recent months, as demonstrated by Wednesday's shooting on a Congressional baseball practice.

"We've got to find a way to dial this back," said Sanford, adding that he often asks himself why people across the nation are acting so aggressively. "They think, 'Look if a guy at the top can say anything at any time, why can't I?'"

A message for Trump: Joe Scarborough then weighed in with advice for the president: "It cant get any worse than it is right now. Try a little bit of decency, try a little bit of humanity, try to bridge both sides."

Most White House officials feared Robert Mueller would go after President Trump for obstruction of justice.

The signs were everywhere: James Comey's testimony that Trump urged him to drop the FBI probe of Michael Flynn; Trump's forceful denial, and counterattack on Comey's character; Mueller hiring high-powered lawyers steeped in complexities of presidential power; followed by the president contemplating firing Mueller.

With the Washington Post bombshell report that the obstruction probe is in full swing ("Trump's actions now a focus of Mueller inquiry"), the reality has White House officials and Republicans sweating profusely for several reasons: