Bloomberg Law
Free Newsletter Sign Up
Bloomberg Law
Welcome
Go
Free Newsletter Sign Up

DOL to See Nearly Flat Funding Under 2023 Budget Request (1)

March 28, 2022, 3:04 PMUpdated: March 28, 2022, 6:42 PM

President Joe Biden’s budget blueprint would give the U.S. Labor Department $14.6 billion for the second year of his administration, proposing essentially flat funding for an agency that’s also tasked with new efforts to expand apprenticeship programs and modernize the unemployment insurance system.

The request would represent less than a 1.5% increase over the current year for fiscal 2023, which begins Oct. 1.

The department received $14.4 billion in fiscal 2022, under the government spending package (H.R. 2471) passed earlier this month.

The White House’s budget request is a spending proposal and starting point for negotiations on Capitol Hill. ...