The White House’s budget proposal for 2019, released Monday, would cut the Labor Department’s funding by more than 20 percent.
The budget requests $9.4 billion for Labor, down from its $12 billion budget for 2017. Only the State Department and the Environmental Protection Agency would see bigger cuts, as a percentage, under the White House’s plan.
“The budget improves the quality of life for all workers by making targeted, evidence-based investments to help workers get ahead and by eliminating duplicative, wasteful, and non-essential activities,” according to the document.
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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.
