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The Guardians of Democracy

Trump Cuts Staff At Federal Watchdog Agency Obama Created After 2008 Financial Crisis: Report

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Trump Cuts Staff At Federal Watchdog Agency Obama Created After 2008 Financial Crisis: Report





President Trump has reportedly cut 40 staffers from the U.S. Office of Financial Research, a federal agency created as part of the Dodd-Frank legislation signed into law by President Obama, tasked with identifying financial risks and stress on global financial markets following the 2008 financial crisis.

Around 40 staff members were told they are losing their jobs on Wednesday, according to Reuters.




The Hill notes that the move was part of the Trump administration’s larger vision announced in June to vastly reorganize the structure of the federal government.

Trump proposed dramatically slashing the office’s budget and slashing employees last May.




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