White House, Jerome Powell and Fed
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House, Trump and Senate
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Senate GOP appropriators want their leaders to bring a package of fiscal 2026 spending bills to the floor before August recess, Chair Susan Collins, R-Maine, said Thursday.
OMB chief Russell Vought expressed excitement that Congress appeared to be on the verge of codifying into law roughly $9 billion in cuts.
The House is expected to approve President Donald Trump’s request to claw back about $9 billion for public broadcasting and foreign aid.
House Republican leaders are preparing for a late night in the chamber as they try to jam through President Donald Trump’s $9 billion package of cuts to federal funding — after a day of intense talks with GOP holdouts demanding a vote on a Jeffrey Epstein-related measure.
A deal to resolve allegations that the university failed to protect Jewish students from harassment is expected to include a fine of about $200 million.
Sen. Thom Tillis stood on the Senate floor and warned White House aides to tread carefully as they cut foreign aid and to remember the promises they made to get a rescission bill approved by senators.
White House budget chief Russ Vought said Thursday that the administration is likely to send another rescissions package to Congress to claw back previously approved spending. Vought’s comments
"Though the House and Senate have much still to debate on full-year appropriations, this much is clear: Congress is rejecting the full extent of the unprecedented, unstrategic, and wasteful cuts to NASA and NASA science proposed by the White House’s Office of Management and Budget," the Planetary Society said in a statement.