Face the Nation with Margaret Brennan OMB Director Russell Vought, Sen. Chris Van Hollen, Ohio State President Ted Carter
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Jul 27, 2025 
This week features seasoned journalists and political figures, including Elizabeth Palmer, senior foreign correspondent; Russell Vought, the White House budget director; Chris Van Hollen, Maryland senator; and Jean-Noël Barrot, French foreign minister. They delve into the implications of Trump's budget cuts and partisan tensions over funding essential social programs. Barrot discusses France's diplomatic efforts to alleviate the humanitarian crisis in Gaza, emphasizing the need for international cooperation. Vought and Van Hollen also explore the complexities of the U.S. economic policy amidst rising tensions.
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Trump's Criticism of Fed Chair
- President Trump criticizes Fed Chair Jerome Powell for being late to address inflation and interest rates.
- The administration wants a Fed chairman who acts promptly to economic developments and supports lower interest rates to boost growth.
Funding Reviews and Rescissions
- The Trump administration is reviewing education and NIH funds to prevent waste and left-wing program funding.
- Rescissions (clawbacks) are being considered to reduce spending and deficit effectively, challenging Congress' bipartisan appropriations process.
Less Bipartisan Spending Process
- House and Senate Republicans seek a less bipartisan process to push fiscal agendas and counter opposition.
- This stance increases risk of government shutdown but aims to break dysfunctional appropriations patterns.