Congress Slashes Antitrust Budget, Imperiling Biden's Big Tech Crackdown
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Congress is cutting funding to the DOJ Antitrust Division, threatening Biden's antitrust agenda. The budget bill caps funding at $233 million, lower than projected.
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Sen. Amy Klobuchar is leading efforts to reverse the cuts, arguing it takes away funding meant to bolster antitrust enforcement.
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The Antitrust Division was set to receive increased funds from higher merger filing fees under a 2022 law, but the budget bill overrides that.
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The cuts could kneecap the Antitrust Division as it takes on cases against Big Tech giants like Google and investigates companies like Apple.
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If left in place, the cuts could significantly impact the Antitrust Division's ability to fund major anti-monopoly lawsuits for years to come.