कोशिश गोल्ड - मुक्त

Trump's budget chief, slayer of big government, moves quickly in shutdown

Mint Bangalore

|

October 03, 2025

Russell Vought is taking aim at Democratic priorities and projects

- Scott Patterson, Olivia Beavers & Siobhan Hughes

Trump's budget chief, slayer of big government, moves quickly in shutdown

Russell Vought, director of the White House Office of Management and Budget, posted that $8 billion in Energy Department funds for climate projects would be canceled in more than a dozen Democratic-leaning states.

(AP)

Russell Vought has been planning for this moment for years.

President Trump's budget chief—one of the main players in the government shutdown that has ground Washington to a halt—might also be one of its biggest beneficiaries, as the freeze gives him the opportunity to implement funding cuts he has long advocated.

Vought, director of the White House Office of Management and Budget, was quick Wednesday to target Democratic priorities and projects. In a move that affected Democratic congressional leaders from New York, Senate Minority Leader Chuck Schumer and House Minority Leader Hakeem Jeffries, Vought posted on X that a hold had been put on $18 billion in federal funds for New York City infrastructure work: a Hudson River tunnel project and a subway extension.

The Transportation Department pinned the blame on the shutdown, saying a review of the projects’ contracting policies and their relationship to diversity, equity and inclusion requirements couldn't move forward. “Without a budget, the department has been forced to furlough the civil rights staff responsible for conducting this review,” the agency said in a statement.

Vought also posted that $8 billion in Energy Department funds for climate projects would be canceled in more than a dozen Democratic-leaning states, He didn’t specify which projects would be affected.

Mint Bangalore से और कहानियाँ

Mint Bangalore

India pulls dumping levies on China, others

“India appears to be balancing its industrial and strategic priorities,” said Ajay Srivastava, founder of the Global Trade Research Initiative (GTR), a trade thinktank.

time to read

1 mins

October 09, 2025

Mint Bangalore

Mint Bangalore

ReNew in $190-million Sembcorp solar deal

Nasdaq-listed firm is selling assets as part of its capital recycling strategy

time to read

2 mins

October 09, 2025

Mint Bangalore

Mint Bangalore

VALUATIONS REVERT TO THE MEAN, BUT THE MEAN IS ALWAYS A MOVING TARGET

In investing, mean reversion is the idea that asset valuation ratios tend to move towards their historical averages over time.

time to read

3 mins

October 09, 2025

Mint Bangalore

HOW MODI'S TRIBAL VISION BECAME A NATIONAL MOVEMENT

FROM GUJARAT TO THE NATION

time to read

2 mins

October 09, 2025

Mint Bangalore

Cheaper gas would help India reduce emissions

India’s economy must find an optimal path to its net-zero goal. An expected decline in global prices would make gas affordable enough to enlarge its role in carbon reduction

time to read

2 mins

October 09, 2025

Mint Bangalore

Mint Bangalore

OTT festive makeover: Storytelling, sentiment and new screen economy

While India gears up for its most glittering season, OTT platforms are quietly working behind the scenes to grab a slice of your festive downtime—with fresh lineups, cultural hooks and family friendly stories designed for living room marathons.

time to read

2 mins

October 09, 2025

Mint Bangalore

Mint Bangalore

Adani Group in talks with banks for ₹30,000 cr airport terminal

year through public-private partnerships, according to media reports.

time to read

1 mins

October 09, 2025

Mint Bangalore

Daikin to invest ₹1,000 cr in Haryana

A Memorandum of Understanding (MoU) was signed in Osaka, Japan in the presence of the state chief minister Nayab Singh Saini, who along with a high-level delegation is on an official visit to the country from 6 to 8 October.

time to read

1 min

October 09, 2025

Mint Bangalore

Rural users central to capacity utilization: Starlink

Elon Musk-owned Starlink on Wednesday said a large part of its capacity will remain underutilized in India if the country's rural users are not brought onto its soon-to-be launched satellite internet services.

time to read

1 min

October 09, 2025

Mint Bangalore

Mint Bangalore

Airtel's chief flags regulatory overreach in telecom sector

Telcos face disproportionate regulatory burden compared to other digital players, Vittal said

time to read

3 mins

October 09, 2025

Listen

Translate

Share

-
+

Change font size