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The Latest Breaking News from Russ Vought

Jerome Powell sends point-by-point response to White House about Fed office renovations

And addresses speculation about VIP dining rooms and elevators, marble facades and water fountains.

Fortune

House sends $9 billion rescissions package to president's desk - Roll Call

Friday's action marks first time in decades lawmakers have agreed to a White House request to claw back funding Congress previously approved.

Roll Call

Senate GOP pushes spending bills as Democratic anger builds - Roll Call

Senate GOP appropriators to bring a package of spending bills to the floor before the August recess, Chair Susan Collins said Thursday.

Roll Call

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The Latest: House prepares to advance cuts on public broadcasting and foreign aid

The House is expected to approve President Donald Trump’s request to claw back about $9 billion in already appropriated funding for public broadcasting and foreign aid

The Independent UK

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

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

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

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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

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

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

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

Vibe shift in House as Trump, GOP leaders begin to flip votes - Roll Call

Republican opposition to the GOP's "big, beautiful" reconciliation bill appeared to be softening Wednesday night.

Roll Call

Photos of the week | June 20-26, 2025 - Roll Call

The Senate grappled with the reconciliation bill while the military strike on Iran's nuclear facilities dominated the news in the Capitol.

Roll Call

‘Almost as in-house consultants as a part of the agency’s leadership’: Russell Vought plans to embed DOGE spies across entire federal government

When your coworker might be watching you.

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The Guardian - US

Trump pushes Congress to cut $9.4bn in funding for NPR, PBS and foreign aid

White House seeks to enshrine cuts Musk-led agency flagged, $8.3bn from state and USAID and $1.1bn from media

The Guardian - US

Kathy Hochul deputy announces decision to challenge her in New York governor’s race – as it happened

Antonio Delgado announces run for governor and sets up Democratic primary battle for 2026 election

The Guardian - US

Trump news at a glance: veterans affairs department muzzled after critical article

VA physicians and scientists ordered not to publish in medical journals without seeking clearance from Trump appointees. Key US politics stories from Sunday 1 June

The Guardian - US

US budget chief calls fears that cuts to benefits will lead to deaths ‘totally ridiculous’

Russ Vought dismisses fears that Trump’s sweeping tax-cut bill will slash federal safety net programs

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The Guardian - US

The chaos Elon Musk and Doge are leaving behind in Washington

Though Musk promised modernization and efficiency, what’s left is a trail of uncertainty and reduced functionality

Roll Call

Trump, GOP prep next chapter in spending cuts agenda - Roll Call

The Trump administration is about to embark on the next phase of its plans to downsize the federal government with a broader budget request.

We Got This Covered

Republicans wage war on century-old watchdog after it calls out Trump

Don't like the referee? Fire them.

The Guardian - US

Workers at top US consumer watchdog sound warning as Trump bids to gut agency

Staff tell Guardian ripped-off Americans will have ‘nowhere to turn’ if Consumer Financial Protection Bureau is undone

Roll Call

House Budget panel approves reconciliation package on second try - Roll Call

Four House Freedom Caucus members on the Budget Committee who held up the reconciliation package last week reversed course late Sunday night.

The Guardian - US

Russ Vought: key Project 2025 figure set to continue Trump cuts after Musk exit

Goal of Christian nationalist and director of OMB to dismantle federal workforce may be coming to fruition

The Conversation

Who is Project 2025 co-author Russ Vought and what is his influence on Trump?

While Elon Musk has clearly been a major influence on the Trump administration, the less well known, but arguably more influential, power behind the presidency is Russell (usually Russ) Vought. Vought is the director of the Office of Management and Budget (OMB) – the nerve centre of the administration’s sweeping…

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