All articles tagged with #budget office
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.
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.