Connect with us

Hi, what are you looking for?

Alive Business PlanAlive Business Plan

Stock

Trump planning to tap loyalist Vought to lead OMB, sources say

By Gram Slattery and Alexandra Ulmer

(Reuters) – President-elect Donald Trump is planning to tap conservative loyalist Russell Vought to be the director of the U.S. Office of Management and Budget, according to two sources close to his transition effort, putting him at the helm of a powerful agency that helps decide a president’s policy priorities and how to pay for them.

Vought was OMB chief in Trump’s first term and would play a key role in rolling back government regulations and setting budget priorities. In this position, he would be in a position to implement a policy known as Schedule F, which would in practice strip thousands of federal employees of some key civil service protections.

Vought helped produce a blueprint called Project 2025 by a coalition of conservative groups for a second Trump White House term. One of its proposals is to dramatically restructure the government so that appointed conservatives have power over key decisions typically relegated to civil servants.

Trump could change his mind, and there were other candidates for the role as recently as earlier this week, according to one of the sources.

The Trump transition team and Vought did not immediately respond to a request for comment.

Trump repeatedly denied when campaigning for president that he had any links to Project 2025, although many of its authors were former officials from his first administration, including Vought.

At OMB, Vought will work with X CEO Elon Musk and former Republican presidential candidate Vivek Ramaswamy to carry out Trump’s campaign pledge to slash government spending and regulations.

Musk and Ramaswamy have been tapped by Trump to co-lead a newly created Department of Government Efficiency, an entity Trump has indicated will operate outside the confines of government.

This post appeared first on investing.com
Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    You May Also Like

    Latest News

    The Gateway Pundit, a far-right website, published a note from its editor on Saturday acknowledging that two election workers in Georgia did not engage...

    Latest News

    New majorities in Congress, particularly when the incoming party has a new leader, offer the rare chance for the institution to take a breath...

    Latest News

    Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night. The...

    Investing

    JAKARTA (Reuters) -Indonesia has asked Alphabet (NASDAQ:GOOGL)’s Google and Apple (NASDAQ:AAPL) to block Chinese fast fashion e-commerce firm Temu in their application stores in...



    Disclaimer: alivebusinessplan.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 alivebusinessplan.com