WASHINGTON, DC - APRIL 15: John Waldron (President & COO - Goldman Sachs & Co.) speaks on stage during Semafor World Economy 2026 on April 15, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 15: John Waldron (President & COO - Goldman Sachs & Co.) and Shelly Banjo (Deputy Editor-in-Chief - Semafor) speak on stage during Semafor World Economy 2026 on April 15, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 15: White House Office of Management and Budget Director Russell Vought testifies before a House Budget Committee hearing at the U.S. Capitol on April 15, 2026 in Washington, DC. Vought is testifying on President Trump's FY2027 budget request. (Photo by Andrew Harnik/Getty Images)

WASHINGTON, DC - APRIL 15: White House Office of Management and Budget Director Russell Vought testifies before a House Budget Committee hearing at the U.S. Capitol on April 15, 2026 in Washington, DC. Vought is testifying on President Trump's FY2027 budget request. (Photo by Andrew Harnik/Getty Images)

WASHINGTON, DC - APRIL 15: White House Office of Management and Budget Director Russell Vought testifies before a House Budget Committee hearing at the U.S. Capitol on April 15, 2026 in Washington, DC. Vought is testifying on President Trump's FY2027 budget request. (Photo by Andrew Harnik/Getty Images)

WASHINGTON, DC - APRIL 15: White House Office of Management and Budget Director Russell Vought appears before a House Budget Committee hearing at the U.S. Capitol on April 15, 2026 in Washington, DC. Vought is testifying on President Trump's FY2027 budget request. (Photo by Andrew Harnik/Getty Images)

WASHINGTON, DC - APRIL 15: White House Office of Management and Budget Director Russell Vought appears before a House Budget Committee hearing at the U.S. Capitol on April 15, 2026 in Washington, DC. Vought is testifying on President Trump's FY2027 budget request. (Photo by Andrew Harnik/Getty Images)

WASHINGTON, DC - APRIL 15: White House Office of Management and Budget Director Russell Vought testifies before a House Budget Committee hearing at the U.S. Capitol on April 15, 2026 in Washington, DC. Vought is testifying on President Trump's FY2027 budget request. (Photo by Andrew Harnik/Getty Images)