कोशिश गोल्ड - मुक्त
Trump's budget chief, slayer of big government, moves quickly in shutdown
Mint Chennai
|October 03, 2025
Russell Vought is taking aim at Democratic priorities and projects
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.
यह कहानी Mint Chennai के October 03, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
Mint Chennai से और कहानियाँ
Mint Chennai
HC to hear Apple's plea on fine in Dec
Apple is challenging the new penalty math formula in India's competition law.
1 min
November 27, 2025
Mint Chennai
India’s labour reforms promote inclusion as well as productivity
The codes are designed to work in the interests of our workforce while supporting economic growth
3 mins
November 27, 2025
Mint Chennai
Flexi-cap funds in focus as smids falter
A silent pivot
3 mins
November 27, 2025
Mint Chennai
States to raise more debt from market
State borrowing through state development loans (SDLs), which had briefly eased in October after a surge earlier in the year, rose again in November as several major states returned to the market with large auctions, according to the latest Reserve Bank of India (RBI) data.
1 mins
November 27, 2025
Mint Chennai
Sebi eases adviser, analyst's norms
Markets regulator Sebi has relaxed the educational qualification criteria for Investment Advisers (IAs) and Research Analysts (RAs), allowing graduates from any discipline to apply for registration.
1 min
November 27, 2025
Mint Chennai
Fintechs turn fund magnets with cross-border licensing
Funders see growth prospects in central bank's payment aggregator-cross border licensing
3 mins
November 27, 2025
Mint Chennai
Uber India valuation surges amid battle with Ola, Rapido
November funding values shares 41% higher than the previous round in May 2023
2 mins
November 27, 2025
Mint Chennai
MO Alternates launches its maiden private credit fund
The %3,000 crore fund has drawn capital from family offices, ultra-HNIs and institutions
3 mins
November 27, 2025
Mint Chennai
Taxpayer base soars, but return filings lag sharply: CBDT data
India’s income tax base is growing faster than the number of those conscientiously filing returns, driven by the expanding reach of the tax deducted at source (TDS) system, according to latest data from the central board of direct taxes (CBDT).
1 min
November 27, 2025
Mint Chennai
A new wave of FDI could help the country stare down uncertainty
India-bound investments in future-focused sectors could favour faster economic growth amid shifting geopolitical dynamics
4 mins
November 27, 2025
Listen
Translate
Change font size

