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HIGHLIGHTS-The Trump presidency on April 28 at 5:50 p.m. EDT/2150 GMT

April 28 (Reuters) - Highlights for U.S. President Donald Trump's administration on Friday: NORTH KOREA North Korea test-fires a ballistic missile from a region north of its capital, but it appears to have failed, South Korea's military says, defying intense pressure from the United States and the reclusive state's main ally, China.

Trump says a "major, major conflict" with North Korea is possible over its nuclear and ballistic missile programs, while China says the situation on the Korean peninsula could escalate or slip out of control.

Secretary of State Rex Tillerson warns that failure to curb North Korea's nuclear and missile development could lead to 'catastrophic consequences,' while China and Russia rebuke Washington for its threat of force.

GOVERNMENT SPENDING BILL The Republican-led Congress averts a U.S. government shutdown and gives lawmakers another week to work out federal spending through Sept. 30, with tricky issues like defense spending still unresolved.

TRUMP AT NATIONAL RIFLE ASSOCIATION Trump pledges to uphold Americans' right to possess guns in a speech that he uses to revisit some 2016 election campaign themes from his vow to build a border wall to dismissing Democratic Senator Elizabeth Warren as "Pocahontas." SOUTH KOREA Trump tells Reuters he will either renegotiate or terminate what he calls a "horrible" free trade deal with South Korea and says Seoul should pay for a U.S. anti-missile system he prices at $1 billion.

Trump's suggestion that Seoul pay for the U.S. missile defense system would be an "impossible option," a top foreign policy adviser to South Korean presidential front-runner Moon Jae-in says.

OBAMA-ERA REGULATIONS Lawmakers, lobbyists and interest groups are making a final push in their fight over regulations enacted during former President Barack Obama's last months in office, with the financial services industry working hard to kill a rule on retirement plans run by states.

OFFSHORE DRILLING Trump signs an executive order to extend offshore oil and gas drilling to areas that have been off limits - a move meant to boost domestic production but which could fall flat due to weak industry demand for the acreage.

CLIMATE CHANGE A U.S. appeals court grants a Trump administration request to put on hold a legal challenge by industry and a group of states to Obama administration regulations aimed at curbing greenhouse emissions mainly from coal-fired power plants, rules that the Republican president is moving to undo.

(Compiled by Jonathan Oatis; Editing by Tom Brown and James Dalgleish)