Group 1 - The Trump administration's budget proposal for the fiscal year 2026 includes an approximately 8% cut to the budget and staffing of the Bureau of Labor Statistics (BLS), which may lead to less reliable economic data that Wall Street heavily relies on [1] - The BLS will focus its resources on core data series known as "major federal economic indicators" (PFEIs), potentially resulting in the elimination of other important economic statistics [1][2] - The budget proposal also suggests restructuring the BLS under the Department of Commerce, merging it with the Bureau of Economic Analysis and the Census Bureau, which is expected to improve efficiency and data quality [1] Group 2 - The BLS has been struggling with a declining budget adjusted for inflation over the years, and has already lost a significant number of staff due to layoffs, early retirements, and a hiring freeze [2] - The collection of some economic data has been affected, with the BLS announcing a reduction in the number of Consumer Price Index (CPI) survey locations due to personnel shortages, which may decrease the reliability of CPI as an inflation measure [3] - The BLS has also announced adjustments to the Producer Price Index (PPI), stopping the calculation of 350 indices, although these indices account for less than 1% of the total PPI [3]