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President Trump says he'll move to suspend the federal gasoline tax. But he cannot do it on his own.

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Trump said he'll pursue suspending the federal gas tax to help address soaring fuel prices amid the Iran war.

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Stocks making the biggest moves midday: Corning, Qualcomm, Wendy’s, Trade Desk & more

Money

Trump did not specify how long he wants to pause the tax. The federal gas tax, which is currently 18.4 cents per gallon, funds the Highway Trust Fund, which goes toward federal highways construction and maintenance as well as public transit projects.

House and Senate Republicans are facing a shrinking window to either get on the same page or leave much of their legislative agenda stuck in limbo

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Trump said the ceasefire with Iran is not in a great place at the moment, calling it "unbelievably weak" and "on life support."