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International Business Times UK

World

Rohit David

Trump's New Budget Boss: Russell Vought to Lead 'Ruthless' Government Cuts After Musk Steps Down

Russell Vought Donald Trump United States OMB Elon Musk DOGE Tesla Inc.

Russell Vought, Trump’s new OMB chief, is slashing £7.4bn and reviving Schedule F to fire federal workers. (Credit: Russell Vought : X Account)

President Donald Trump's fiscal shake-up is in full swing, and Russell Vought, the new Director of the Office of Management and Budget (OMB), is taking charge with a mandate to slash government spending.

Appointed on 12 May 2025, Vought steps into a high-stakes role at the Department of Government Efficiency (DOGE) after Elon Musk's exit, promising £7.4 billion ($9.8 billion) in budget cuts that could reshape federal operations.

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