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new for sale and rental listings July 24th through June 2025, number one trusted based

on August 2025 proprietary survey among real estate professionals. Here's your midday brief

for Friday, April 3rd. I'm Alex O'Slef for the Wall Street Journal.

The U.S. is conducting a search and rescue operation for the crew of an American jet fighter that went down over Iran.

It's the first known loss of a jet inside the country since the start of the war.

Iranian state television said Iranians would be rewarded for finding any American crew members and turning

them over alive. We'll have more on this developing story on WSJ.com. The Trump administration is seeking

$1.5 trillion in defense spending for the 2027 fiscal year, by far the most in modern history.

That's according to the budget proposal summary that the White House

released today. Trump promised a defense request of this size back in January before the U.S.

launch strikes on Iran. The budget also includes cuts to non-defense spending, including to education

and the Environmental Protection Agency. Congress will need to determine which pieces will be

passed into law before the fiscal year begins on October 1st.

And the U.S. added 178,000 jobs in March, according to the Labor Department, far exceeding economist's expectations.

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