WASHINGTON, DC - APRIL 15: White House Office of Management and Budget Director Russell Vought testifies before the House Budget Committee 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 the House Budget Committee 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 arrives for 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: Deko (Hisayuki) Idekoba (CEO and President of Indeed & Representative Director, President & CEO of Recruit Holdings - Indeed) 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: (L-R) Deko (Hisayuki) Idekoba (CEO and President of Indeed & Representative Director, President & CEO of Recruit Holdings - Indeed) and Clay Chandler (Managing Editor, Live Journalism - 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: (L-R) Deko (Hisayuki) Idekoba (CEO and President of Indeed & Representative Director, President & CEO of Recruit Holdings - Indeed) and Clay Chandler (Managing Editor, Live Journalism - 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: (L-R) Deko (Hisayuki) Idekoba (CEO and President of Indeed & Representative Director, President & CEO of Recruit Holdings - Indeed) and Clay Chandler (Managing Editor, Live Journalism - 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: (L-R) Franz Paasche (Executive Vice President, Corporate Affairs - Verizon) and Justin Smith (Co-Founder & CEO - 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)