The “skinny budget” proposal — so named because it lacks much of the granular specificity integral to actually allocating money for the federal government — would shrink DOL’s discretionary budget from its current $13.3 billion to $8.6 billion for next fiscal year, your host reported for Pro subscribers.

The White House released President Donald Trump's 2026 budget proposal Friday, hoping to slash, if not zero out, spending on many government programs. It seeks a sweeping restructuring of the nation’s domestic priorities,