Encyclopedia · Organization
Office of Management and Budget (OMB)
Federal budget and regulatory management office
Organization details
- Founded / originated
- 1921 budget bureau; renamed OMB 1970
- Type
- U.S. federal executive office
- Government location
- Executive Office of the President
- Historic predecessor
- Bureau of the Budget
The Office of Management and Budget is an agency within the Executive Office of the President that prepares the federal budget and reviews agency management and regulations.
History and activities
OMB evolved from the Bureau of the Budget, established in 1921, and acquired its present name during the Nixon administration in 1970. It prepares the president’s budget and reviews agency activities within statutory bounds.
Organization and documented relationships
Russ Vought served as director at the end of the first Trump administration and again from 2025. OMB’s legal authority is governmental and distinct from the private organizations for which a director previously worked.
References
Research compiled through November 12, 2026. Sources and historical roles are dated where known.