General News Briefing — May 03, 2026 8 AM Eastern

Clockwise General News — President Trump is currently reviewing a new Iranian proposal aimed at ending the ongoing war, though he remains skeptical a deal will materialize. This is the Clockwise General Briefing, 8 AM Eastern. Meanwhile, budget carrier Spirit Airlines has officially ceased operations after reaching an impasse with the administration. President Trump indicated that a taxpayer-funded takeover might still be possible if it represents a "good deal.