POLITICO
FTC suffering a cash crunch as it prepares to battle Facebook
The Federal Trade Commission has frozen pay and hiring, explored ways of shrinking its staff, and may need to bring fewer expensive cases, its executive director says in internal emails.
This Jan. 28, 2015, file photo shows the Federal Trade Commission building in Washington. | Alex Brandon, File/AP
Link Copied
The agency that just launched a landmark antitrust suit to break up Facebook is so strapped for cash that its leaders have discussed shrinking their staff and warned against taking on more cases.
In a series of emails to all Federal Trade Commission staff, obtained by POLITICO, Executive Director David Robbins said the agency would face a period of “belt tightening” to cut costs — and that filing fewer cases and trimming litigation expenses must be on the table.