OMB Director Vought to Newsmax: Big, Beautiful Bill to Cut Deficits by $1.4T

The Big Beautiful Bill Act will reduce federal deficits by $1.4 trillion, Russell Vought, director of the Office of Management and Budget, told Newsmax Wednesday in defense of President Donald Trump’s fiscal plan.

Appearing back-to-back on “Rob Schmitt Tonight,” Vought and Rep. Thomas Massie, R-Ky., provided contrasting views on the administration’s fiscal strategy.

Vought rejected accusations that the bill increases debt and deficits, criticizing the Congressional Budget Office for using what he called an “artificial baseline” for assessing fiscal impact.

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