Office of Management and Budget

Trump orders temporary funding freeze that could affect trillions of dollars

By Chris Megerian, Associated Press

The White House is pausing federal grants and loans starting Tuesday as President Donald Trump's administration begins an across-the-board ideological review of its spending, causing confusion and panic among organizations that rely on Washington for their financial lifeline.

WATCH: Russell Vought testifies at Senate confirmation hearing for OMB director | Day 2

By Associated Press

Vought was OMB director during Trump’s first term. He already had a hearing before the Senate Homeland Security and Governmental Affairs Committee.

Trump picks Project 2025 architect Russell Vought to return as top budget official

By Fatima Hussein, Chris Rugaber, Josh Boak, Chris Megerian, Associated Press

President-elect Donald Trump said Friday he will nominate Russell Vought to lead the Office of Management and Budget, a position Vought held during Trump's first presidency.

These groups feel U.S. race and ethnicity categories still don’t represent them

By Terry Tang, Mike Schneider, Associated Press

The federal government recently reclassified race and ethnicity groups in an effort to better capture the diversity of the United States, but some groups feel the changes miss the mark.

Top White House budget official warns of ‘dire’ situation on Ukraine aid

By Seung Min Kim, Associated Press

Shalanda Young, the director of the Office of Management and Budget, calls the situation "dire" and says there is no money left that will allow the U.S. to continue to send large packages of weapons to the war front in…

WATCH: White House says U.S. is running out of money for Ukraine

By Associated Press

The Biden administration is sending Congress an urgent warning about the need to approve tens of billions of dollars in military and economic assistance to Ukraine.

WATCH: White House holds briefing after Russia says drones lightly damaged Moscow buildings

By Susie Blann, Joanna Kozlowska, Associated Press

The Russian Defense Ministry said five drones were shot down in Moscow and the systems of three others were jammed, causing them to veer off course. President Vladimir Putin called it a “terrorist” act by Kyiv.

Who are the 4 negotiators in the U.S. debt limit fight?

By Seung Min Kim, Kevin Freking, Associated Press

President Joe Biden and House Speaker Kevin McCarthy are turning to a select group of negotiators to help broker a deal to increase the nation's borrowing authority and avoid the economic carnage that would ensue if a deal is not…

WATCH: ‘New investments’ in Biden budget ‘fully paid for’ with tax on very wealthy, says OMB director

By News Desk

Office of Management and Budget Director Shalanda Young testifies Wednesday before the Senate Budget Committee on President Joe Biden's 2024 budget proposal.

WATCH: Biden budget ‘fiscally responsible,’ says OMB Director Shalanda Young

By News Desk and Josh Boak, Associated Press

Office of Management and Budget Director Shalanda Young testifies Tuesday before a House of Representatives' committee on President Joe Biden's 2023 budget.