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Economic Insight > Blog > Business News > OMB director calls Trump bill ‘fiscally responsible’ despite some GOP opposition
OMB director calls Trump bill ‘fiscally responsible’ despite some GOP opposition
Business News

OMB director calls Trump bill ‘fiscally responsible’ despite some GOP opposition

EC Team
Last updated: June 9, 2025 5:19 am
EC Team
Published June 9, 2025
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Russ, director of management and budgets, vaught the impact of “Big Beautiful Building” on citizens’ debt and forecasts, and when the bill will be passed.

Management and Budget Director Russ Vote defended the Trump administration’s fundamental economic package on Sunday, pushing back concerns that could inflate national debt.

Vought called it “Paramount.” Financially responsible legislation“And the White House said it is confident it will pass the Senate in July and reach President Trump’s desk despite the imposed headlines over a massive breakup from Republican lawmakers and headlines. Elon Musk And the government.

“We’re not worried about that. The president is in motion,” Vought said, “Shannon Bream” from “Fox News Sunday’s” Shannon Bream of the Spat.

“He’s not a big factor”: Trump’s Senate allies reject Elon Musk’s call to “kill the bill”

Russ Vert

Russell Vert, Director of the Office of Management and Budget (OMB) during the House Budget Subcommittee on Financial Services and General Government Hearings in Washington, DC, USA on Wednesday, June 4th, 2025. (Alison Robert/Bloomberg/Getty Images)

“All of these headlines are the president’s leader and is pushing for the agenda, overlooking the fact that people are coming and going and that the president defends the interests of the American people,” he added.

Vought said the administration had made “great progress” last week. That is, they have the ability to reveal words about the potential outcomes of the bill on fiscal liability.

He said the administration has had a series of “great conversations” with the senators and wants to improve or tweak some of the bill.

“There have been many reports about this week’s event. [with Elon]but we have moved forward and moved the bill forward. I think we’ll deliver the bill to the president’s desk in July,” he said.

Trump supporters defend “big beautiful bill” against mask criticism and curb debt concerns

US Capitol Dome

The US Capitol will be seen in Washington, DC on January 19, 2023. We (Photo: Anna Money Maker/Getty Images)

Officer Ron Johnson, R-Wis. , Rand Paul, R-KY. Some legislators like this have expressed their opposition to the bill.

Nonpartisan Congressional Budget Bureau According to Reuters, the bill estimates that it could add around $2.4 trillion to that number over the next decade.

The “big beautiful bill” instead retreated against these claims, claiming it was “financially responsible.”

Click here to get your Fox business on the go

“Kudrow” panelists Sandra Smith and Charlie Hart analyse the rift between President Donald Trump and Elon Musk.

“All watchdogs use artificial baselines, part of the way Washington, D.C. does business here. We assume that all expenditures are forever… But the 2017 tax easing is sunset, and as a result, we are in a situation where we just extend the tax easing and it looks like this huge cost,” he said.

“If that doesn’t happen, it’s going to be a huge tax increase for Americans. So when you adjust that baseline… And this is putting aside economic growth that they think is underestimating too… It’s $1.4 trillion in shrinkage and reduced debt. That’s a very important, financially responsible bill that can’t stand the town’s surveillance.”

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TAGGED:BillcallsDirectorfiscallyGOPOMBoppositionResponsibleTrump
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