The Trump administration's so-called skinny budget asks Congress for $9.6 billion to fund the Labor Department, a $2.5 billion cut to the agency's existing budget.
The 21 percent proposed cut would be among the highest experienced by the 15 executive departments within President Trump's cabinet. The administration is proposing a 31 percent cut the Environmental Protection Agency's budget, and a 28 percent cut to the State Department.
"This Budget focuses the Department of Labor on its highest priority functions and disinvests in activities that are duplicative, unnecessary, unproven, or ineffective," according to language in the budget.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
