The Trump administration is refusing to say if and when it will release $6.8 billion in federal education grants to states ...

Office of Management and Budget Director Russell Vought joins 'Closing Bell Overtime' to talk the passage of President ...

Office of Management and Budget Director Russell Vought joins 'Closing Bell Overtime' to talk the passage of President ...

OMB Chief Russell Vought calls for using a single-year model to present financial statement audits to help improve financial ...

Cognitive dissonance, or some may call it a lack of principles, has run strong throughout both iterations of the Trump ...

Federal financial management experts say OMB’s update to how agencies and auditors complete federal financial statements has been a long-time goal.

Spending records show that the federal government sets aside hundreds of millions of dollars for Deloitte, Ernst & Young, KPMG, and PricewaterhouseCoopers, the “Big Four” of the accounting world, to ...

OMB’s memorandum is a major step forward. It recognizes that modern financial reporting must serve the public interest, not ...

Still, claiming that the president has inherent powers to nullify represents an unprecedented power grab by the Trump ...

‘Auditing the auditors’: OMB announces effort to build off work of DOGE By Robert Schmad June 23, 2025 6:42 pm ...

President Donald Trump's administration is pausing over $6 billion of congressionally-appropriated federal funding for ...