Market
Will Vought reclaim at least $10 billion in congressionally approved funding by December 31, 2025 using impoundment authority?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
OMB and Congressional Budget Office reports
Story
Trump's Nominee Russell Vought to Testify at Senate Hearing for OMB Director, Aims to Overhaul Federal Bureaucracy
Jan 15, 2025, 06:07 PM
Russell Vought, President-elect Donald Trump's nominee to head the Office of Management and Budget (OMB), is set to testify at his Senate confirmation hearing before the Senate Homeland Security and Governmental Affairs Committee. If confirmed, Vought will be central to Trump's plans to overhaul the federal bureaucracy. Previously serving as OMB director during Trump's first term, Vought has expressed intentions to significantly reduce the size of the federal government, including cutting its workforce and reclaiming congressionally approved funding through impoundment authority. His confirmation hearing is scheduled to outline his qualifications and vision for the role.
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