Trump speaks near director of Office of Management and Budget

President Donald Trump speaks as Sen. Tim Scott, R-S.C., in foreground left, and from background left, Russell Vought, director of the Office of Management and Budget, White House Deputy Chief of Staff James Blair and Mark Paoletta, general counsel with the Office of Management and Budget, listen as Trump visits the Federal Reserve, Thursday, July 24, 2025, in Washington. (AP Photo/Julia Demaree Nikhinson)