Powell has said politics don't play a part in Fed rate decisions. He and his colleagues have held the key overnight borrowing rate in place since December, though markets largely expect a cut is on the way not at the Fed's July meeting, but in September.

During a press gaggle on Friday, Office of Management and Budget Director Russell Vought spoke about the Federal Emergency Management Agency.

Once a powerful watchdog for financial wrongdoing, the Consumer Financial Protection Bureau has seen its enforcement efforts grind to a halt under the Trump administration.

CDC sources tell NPR that the Trump administration has delayed and might cancel roughly $140 million in grants to fund fentanyl overdose response efforts, known as the Overdose Data To Action program or OD2A.

As Russell Vought and the Office of Management and Budget more explicitly become the engine of Donald Trump’s second term, a handful of little-known appointees at the agency may point the way to ...

President Donald Trump is escalating his pressure campaign to get the Federal Reserve chairman to either lower interest rates or quit his post by targeting the expensive renovation at the central bank’s headquarters.

Trump budget chief Russ Vought proclaimed that there were no “downsides” to the “big, beautiful bill” in a Fox Business appearance Monday, the latest in a series of praises for the GOP’s landmark

President Donald Trump has repeatedly called on Federal Reserve Chairman Jerome Powell to slash interest rates.

It is a home run. There’s like, no downside to this bill," Vought said. "This is not one where you have to say pros and cons. It’s all good.

Full transcript of Donald J. Trump: Press Briefing: Russell Vought Speaks to Reporters Outside the White House - May 22, 2025