Axios

Nick Bilton, named this week as the fifth executive producer in the 58-year history of "60 Minutes," on Friday spent his first day in the new role at CBS News in New York, meeting some of the 80+ show staff, walking the halls and introducing himself.

• He took over a show in turmoil and was greeted with disparaging anonymous comments to media reporters. CBS News editor in chief Bari Weiss is counting on his outsider energy.

Bilton, who as a tech writer at The New York Times and Vanity Fair was known as a future-thinker who was good at working a room, told me:

A federal judge ordered President Trump to respond to "grievous" accusations that his settlement with the IRS, which led to the creation of his anti-weaponization fund, was "premised on deception."

Why it matters: The order comes the same day a separate judge placed a temporary hold on the $1.776 billion pot of money, another potential hurdle to the administration's controversial settlement plan.

Two-thirds of the announced lineup for the Freedom 250 concert series have dropped out, with most artists citing concerns about being tied to an event billed as nonpartisan but described by critics as a MAGA celebration.

Why it matters: President Trump has promoted the nation's 250th birthday events as a grand patriotic affair, but the withdrawals underscore artists' fears of alienating fans amid partisan divides.

Congressional Hispanic Caucus chair Adriano Espaillat (D-N.Y.) is in what fellow House Democrats and other sources familiar with his race describe as an "existential" battle for reelection.

Why it matters: The race embodies the Democratic civil war being waged across the country, with an establishment-aligned member of the party's old guard fending off a challenge from a younger leftist.

House Speaker Mike Johnson (R-La.) is staring down a brutal stretch of deadlines and uncomfortable votes when the House returns from recess next week.

Why it matters: Johnson bought himself time this spring by punting a series of politically difficult fights. But those deadlines are now coming due, setting up a brutal June for House Republicans.

A federal judge temporarily blocked the Trump administration from moving forward with its $1.776 billion "anti-weaponization" fund in a Friday order.

The big picture: The controversial plan aims to create an unprecedented mechanism to compensate people who claim they were wrongfully targeted by the government.

President Trump's immigration crackdown is causing one of the sharpest slowdowns in U.S. population growth in decades. Economists are beginning to tally the effects, with some warning that the damage will stick around.

Why it matters: The policy-driven immigration reversal underway has few modern parallels. The immediate result is evident in monthly employment figures, with the economy cranking out fewer jobs.

• But over time, fewer immigrants could be a productivity drag lasting well into the second half of this century.

Rep. Frederica Wilson (D-Fla.) confirmed Friday that she will retire from Congress, just days after denying Axios' reporting that she had told allies she wouldn't seek another term.

Why it matters: The 83-year-old had been under considerable pressure not to run for reelection after missing weeks of House votes, as she recovered from a major eye surgery.

President Trump said on Friday that he's convening his national security team in the White House Situation Room to make a final decision about the agreement reached between U.S. and Iranian negotiators.

Why it matters: The signing of the memorandum of understanding (MOU) would be the most significant diplomatic breakthrough since the war started, but a final agreement tackling Trump's nuclear demands would require further negotiations.

Pain at the pump is easing, but gas is far costlier heading into the summer than last year — and what comes next is wildly unpredictable.

Why it matters: High gas prices are the most visible economic effect of the Iran war for many Americans grappling with inflation.