OMB chief Russell Vought expressed excitement that Congress appeared to be on the verge of codifying into law roughly $9 billion in cuts.

Senate GOP appropriators want their leaders to bring a package of fiscal 2026 spending bills to the floor before August recess, Chair Susan Collins, R-Maine, said Thursday.

White House budget chief Russ Vought said Thursday that the administration is likely to send another rescissions package to Congress to claw back previously approved spending. Vought’s comments

Sen. Thom Tillis stood on the Senate floor and warned White House aides to tread carefully as they cut foreign aid and to remember the promises they made to get a rescission bill approved by senators.

A deal to resolve allegations that the university failed to protect Jewish students from harassment is expected to include a fine of about $200 million.

“Around the world, payment systems are undergoing a revolution,” said House Financial Services Chair French Hill of Arkansas as lawmakers debated the stablecoin legislation Thursday morning. Hill said the bill will “ensure American competitiveness and strong guardrails for our consumers.”

"Though the House and Senate have much still to debate on full-year appropriations, this much is clear: Congress is rejecting the full extent of the unprecedented, unstrategic, and wasteful cuts to NASA and NASA science proposed by the White House’s Office of Management and Budget," the Planetary Society said in a statement.