Trump Nominates Rep. Mick Mulvaney to Head OMB

Mick Mulvaney Critic of Federal Spending Calling for Less Government Regulation

President-elect Donald Trump announced that he will nominate Representative Mick Mulvaney (R-SC) to serve as the director of the Office of Management and Budget (OMB).

As a co-founder and leading member of the conservative Freedom Caucus, Mr. Mulvaney has voiced strong opposition to federal spending and has called for less government regulation.

The director of OMB is responsible for developing and executing the president’s budget, as well as measuring the performance of federal agencies, policies and programs. OMB also has clearance authority for all federal regulations.

As Slate’s Jordan Weissmann said.

Mulvaney is a monomaniacal budget hawk who was elected during the Tea Party wave of 2010. He became notorious during the first debt-ceiling standoff, during which he he argued that the U.S. could safely breach its borrowing limit and co-authored a spartan budget plan called “cut, cap, and balance” that would have would have slapped a hard limit on government spending as a percentage of the economy and sent a balanced budget amendment to the states. Republicans in the House passed it overwhelmingly.

“Each day, families across our nation make disciplined choices about how to spend their hard earned money, and the federal government should exercise the same discretion that hardworking Americans do every day,” said Mr. Mulvaney. “The Trump administration will restore budgetary and fiscal sanity back in Washington after eight years of an out-of-control, tax-and-spend financial agenda.”

Mr. Trump said:

“Right now we are nearly $20 trillion in debt, but Mick is a very high-energy leader with deep convictions for how to responsibly manage our nation’s finances and save our country from drowning in red ink,”

In Congress, Mr. Mulvaney has repeatedly rejected stopgap funding bills and has questioned the need to raise the federal debt ceiling to avoid default. He has even rejected his own party’s proposed budget, saying that it included too much spending that would add to the federal deficit.

This past April, Mr. Mulvaney introduced a bill that would have suspended Fannie Mae and Freddie Mac’s obligation to set aside funds for the national Housing Trust Fund (NHTF) and Capital Magnet Fund (CMF) until the government sponsored enterprises (GSEs) reached a certain level of capitalization.

If confirmed by the Senate to run the Office of Management and Budget, Mr. Mulvaney will be responsible for helping to shepherd the president’s spending requests through a Republican-controlled Congress.

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