Tags: Commerce | Trade | Overhaul

Commerce Department to Disappear After Trade Overhaul

Friday, 13 January 2012 11:07 AM

The Commerce Department would cease to exist after the consolidation of U.S. trade agencies that President Barack Obama is seeking, a White House budget official said on Friday.

It would create a new yet-to-be-named department focused on exports, said Jeffrey Zients of the Office of Management and Budget.

Parts of the Commerce Department that are unrelated to trade and businesses, like the National Oceanic and Atmospheric Administration, would be moved to other government agencies, he told reporters.

The U.S. Trade Representative would remain a cabinet-level position and the head of the Small Business Administration would also be made a cabinet post, Zients said.

White House spokesman Jay Carney said the overhaul proposal would save money and should get bipartisan support in Congress.

© 2021 Thomson/Reuters. All rights reserved.

Friday, 13 January 2012 11:07 AM
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