White House Proposes $1 Billion Cut to DOJ Funding

By Liz Crampton, Bloomberg BNA

President Donald Trump proposed a $1.1 billion cut for the Department of Justice in a budget blueprint released March 16, but the document provides few details on how the administration wants the Antitrust Division to be funded.

The fiscal 2018 budget blueprint also doesn’t include proposed funding levels for independent agencies important to the business community like the Federal Trade Commission, the Securities and Exchange Commission, the Commodity Futures Trading Commission and the Federal Communications Commission.

The 2018 Budget requests $27.7 billion for the Justice Department, a 3.8 percent decrease from the agency’s current funding level. The DOJ houses two divisions of particular interest to Wall Street — the Antitrust Division and the fraud section of the Criminal Division. But the administration’s proposal doesn’t make recommendations about how much those divisions should receive.

The blueprint requests “significant targeted increases” in areas such as public safety, law enforcement and national security. Some parts of the budget will “save taxpayer dollars” by “consolidating, reducing, streamlining, and making its programs and operations more efficient.”

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