The Latest Breaking News from Russ Vought

Democrats confront appropriations trust deficit with White House - Roll Call

Democrats say they face a test of faith on whether to trust a bipartisan appropriations process for the next fiscal year.

Roll Call · Jul 22, 2025

Despite Epstein scandal, polls show MAGA base 'very, very strongly' behind Trump - Roll Call

President Trump's MAGA base remains solidly behind his second term despite frustrations over the Jeffrey Epstein documents fracas.

Roll Call · Jul 21, 2025

Thune seeks to kick off appropriations on Senate floor - Roll Call

The big question on Capitol Hill this week is whether Senate Democrats agree to help kick off the appropriations process.

Roll Call · Jul 21, 2025

How Trump could use a building renovation to oust the Fed chair

President Donald Trump says he has finally found a way to achieve his goal of removing Federal Reserve Chair Jerome Powell, accusing him of mismanaging the U.S. central bank’s $2.5 billion renovation project

The Independent UK · Jul 16, 2025

GOP narrowly advances rescissions package to Senate floor - Roll Call

Senate Republicans had barely enough votes Tuesday to advance President Trump's proposal to claw back money appropriated for public broadcasting and foreign aid.

Roll Call · Jul 15, 2025

If Trump fires the Fed’s Powell ‘both the currency and the bond market can collapse,’ according to Deutsche Bank

Deutsche Bank's explosive scenario in a note titled, “What if ?”

Fortune · Jul 14, 2025

Monetary policy at the world's most important central bank could hinge on an argument over building renovation specs

The latest spat between the Trump administration and the Federal Reserve is sounding more like a home-improvement reality TV show.

Fortune · Jul 13, 2025

Trump is ‘extremely troubled’ by Fed’s approach, according to new letter, but bank official stands firm on independence

In a response to Fortune, Federal Reserve Bank of St. Louis president Alberto Musalem defended the Fed’s autonomy, citing global evidence that independent central banks deliver stronger inflation and employment outcomes.

Fortune · Jul 11, 2025

Jerome Powell Has 'Grossly Mismanaged,' Says Russ Vought As Fed HQ Renovation Costs Soar To $2.5 Billion: 'The Palace Of Versailles Would Have Cost $3 Billion'

Office of Management and Budget Director Russ Vought launched a scathing attack on Federal Reserve Chair Jerome Powell on Thursday, accusing him of gross fiscal mismanagement over cost overruns on the Fed’s headquarters renovation project.

Benzinga · Jul 11, 2025

UN agencies in dire straits amid threatened US funding cuts - Roll Call

If Congress approves canceling $1 billion in federal funding for the U.N. system, experts say it will exacerbate a financial shortfall.

Roll Call · Jul 8, 2025