Tag

Budget Office

All articles tagged with #budget office

U.S. Government Shutdown Could Cost Up to $14 Billion in Economic Losses

Originally Published 2 months ago — by NBC News

Featured image for U.S. Government Shutdown Could Cost Up to $14 Billion in Economic Losses
Source: NBC News

The U.S. government shutdown is costing the economy approximately $7 billion per month, with potential total losses reaching up to $14 billion if it lasts eight weeks, according to the Congressional Budget Office, which also notes negative macroeconomic effects and unpaid federal workers.

Trump Considers Project 2025's Russ Vought for Key Budget Role

Originally Published 1 year ago — by The Washington Post

Featured image for Trump Considers Project 2025's Russ Vought for Key Budget Role
Source: The Washington Post

Donald Trump is considering appointing Russell Vought to lead the White House budget office, a position he held during Trump's first term. Vought is known for his conservative approach, advocating for reclassification of the federal workforce and novel legal theories to enhance presidential power over spending. His potential appointment could lead to significant changes in federal government operations, including collaboration with Elon Musk and Vivek Ramaswamy on reducing government spending and regulations.