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Russell Vought: “$1.6 trillion in mandatory savings. Again, the biggest thing…”

Featuring: Russell Vought, Director, U.S. Office of Management and Budget | National

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Watch CNBC's full interview with OMB Director Russell Vought

Published | Video Starts at 01:34

So this is a net deficit reduction in this bill and it's something that is fiscally responsible. $1.6 trillion in mandatory savings. Again, the biggest thing we've ever seen is $800 billion in 1997. And this, more than this, doubles that in this one bill. It is a historic bill, has all of the things that the president ran on. (01:34–01:58)

CLAIM

Asserts that the bill's $1.6 trillion in savings is the largest since $800 billion in 1997.

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