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Office of Management and Budget

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Office of Management and Budget
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Basic facts
Location:Washington, D.C.
Top official:Russell Vought
Year founded:1970
Website:Official website

TheOffice of Management and Budget (OMB) is a United States executive agency formed in 1970 to, according to its mission statement on its website, "serve thePresident of the United States in implementing his vision across the Executive Branch." The OMB reports directly to the president and is the largest element of the Executive Office of the President. Among its chief responsibilities are managing the development and execution of the annual federal budget, overseeing federal agencies and executive branch operations, and coordinating andreviewing agency regulations.[1]

Russell Vought is the director of the OMB.Click here to read more about his confirmation process.

Mission

The official OMB website gives the following description of the agency's purpose:[2]

OMB’s mission is to assist the President in meeting policy, budget, management, and regulatory objectives and to fulfill the agency’s statutory responsibilities.[3]

Background

The present Office of Management and Budget was organized in 1970 under PresidentRichard Nixon. Its predecessor, the Bureau of the Budget, was established in 1921 as an agency of theTreasury Department. In 1939, control of the Bureau of the Budget was transferred from the treasury to the Executive Office of the President. The organization's responsibilities were expanded during the 1990s to include management as well as budgetary roles.[4][5]

Former directors of the OMB who later held higher offices in the federal government include George Shultz (Secretary of State), Caspar Weinberger (Secretary of Defense),Jack Lew (Secretary of the Treasury) and Leon Panetta (Secretary of Defense).[5]

Work

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In addition to assisting the president in developing and implementing the annual federal budget, the OMB oversees executive agency performance, federal procurement, financial management, and information policy, reviews significant regulations issued by executive agencies, coordinates agency communications with Congress, and assists the president withexecutive orders and presidential memoranda.[1]


Regulatory review process

See also:Office of Information and Regulatory Affairs

According to its website, the OMB is responsible for reviewing and coordinating what are deemed "allsignificant federal regulations by executive agencies," including new and preexisting rules. This responsibility, carried out by the OMBOffice of Information and Regulatory Affairs (OIRA), was assigned by PresidentBill Clinton in a 1993executive order,E.O. 12866. The office reviews both draft proposals and finalized regulations; this review process includes an examination of therulemaking agency'sanalysis of the costs and benefits of its rule. OIRA also attempts to ensure that executive agency policies reflect the priorities of thepresident.[1]

Leadership

Russell Vought was confirmed to serve as OMB director on February 6, 2025.

A list of past OMB directors can be viewed below:[5]

Directors of the OMB Full History
OMB DirectorYears in officeNominated byConfirmation vote
George Shultz1970-1972Richard Nixon
Caspar Weinberger1972-1973Richard Nixon
Roy L. Ash1973-1975Richard Nixon
James T. Lynn1975-1977Gerald Ford
Bert Lance1977Jimmy Carter
James T. McIntyre1977-1981Jimmy Carter
David A. Stockman1981-1985Ronald Reagan
James C. Miller III1985-1988Ronald Reagan
Joseph R. Wright, Jr.1988-1989Ronald Reagan
Richard G. Darman1989-1993George H.W. Bush
Leon Panetta1993-1994Bill Clinton
Alice M. Rivlin1994-1996Bill Clinton
Franklin D. Raines1996-1998Bill Clinton
Jack Lew1998-2001Bill Clinton
Mitch Daniels2001-2003George W. Bush
Joshua B. Bolten2003-2006George W. Bush
Rob Portman2006-2007George W. Bush
Jim Nussle2007-2009George W. Bush
Peter Orszag2009-2010Barack Obama
Jack Lew2010-2012Barack Obama
Sylvia Mathews Burwell2013-2014Barack Obama96-0
Shaun Donovan2014-2017Barack Obama75-22
Mick Mulvaney2017-2020Donald Trump51-49
Russell Vought2020-2021Donald Trump51-45
Shalanda Young2022-2025Joe Biden61-36
Matthew Vaeth (acting)2025-2025Donald Trump-
Russell Vought2025-presentDonald Trump53-47

Note: Votes marked "N/A" represent voice votes or unrecorded votes. Missing votes will be filled as they are researched.

Executive Office of the President

See also:Executive Office of the President

The Executive Office of the President (EOP) is a group of federal entities responsible for advising and supporting the president's policy agenda and administration. The EOP's composition has changed over time as different presidential administrations have added, transferred, and removed entities from the office.

Under the secondTrump administration, the EOP included the following 5 offices:

See also

External links

Footnotes

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