Obama plan merges six agencies, may save $3B

President Barack Obama today unveiled his plan to consolidate six government agencies into one, effectively eliminating the Commerce Department and saving up to $3 billion in the next decade, according to the administration.

Obama said the consolidation would create a more efficient agency to promote competitiveness, exports and American business, according to the White House website.

Currently, there are six major departments and agencies that focus primarily on business and trade in the federal government -- Commerce’s core business and trade functions, the Small Business Administration, the Office of the U.S. Trade Representative, the Export-Import Bank, the Overseas Private Investment Corporation, and the U.S. Trade and Development Agency.

Consolidating these agencies along with other related programs, thereby cutting up to 2,000 jobs through attrition, will help entrepreneurs and businesses of all sizes grow, compete, and hire, according to the White House. There would be one department with one mission: spur job creation and expand the U.S. economy.

The president asked Congress to grant him the authority to merge the agencies and if lawmakers agree, they would be required to hold an up-or-down vote on the plan within 90 days of its submission.



About the Author

David Hubler is the former print managing editor for GCN and senior editor for Washington Technology. He is freelance writer living in Annandale, Va.

Reader Comments

Tue, Jan 17, 2012 Dennis Virginia

Great start but we need to reduce the federal budget by 44,000 billion over 10 years. There must be more duplication that can be identified and removed. And there are some activities that should be returned to the states.

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