Late last week, President Donald Trump’s budget blueprint was released. Among many other headline-grabbing cuts—the EPA, Meals on Wheels, climate change funding, legal aid for low-income households, and on, and on, and on—it also included a less-noticed $1.1 billion, or 4%, cut to the Department of Justice. The DOJ, of course, includes two divisions of key interest to corporate America, namely, the antitrust division and the fraud section of the Criminal Division.
The budget blueprint doesn’t propose a funding level for the Securities and Exchange Commission, whose enforcement division conducts investigations into possible violations of securities laws and prosecutes civil cases. But internal sources say the SEC is also bracing for budget cuts.
via Why white-collar crooks may be cheering this Jeff Sessions memo — Yahoo Finance
