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Alexander Acosta testifies last month at his confirmation hearing before the Senate Health, Education, Labor and Pensions Committee. The Senate confirmed Acosta as labor secretary on Thursday. Manuel Balce Ceneta/AP hide caption

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Manuel Balce Ceneta/AP

The exterior of the New York Stock Exchange on Feb. 10. A lobbying battle is being waged over a rule requiring financial advisers to act in their clients' best interest in retirement planning. Bryan R. Smith/AFP/Getty Images hide caption

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Bryan R. Smith/AFP/Getty Images

Trump Moving To Delay Rule That Protects Workers From Bad Financial Advice

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During the presidential campaign, President Trump called the Labor Department's unemployment rate "phony." The first jobs report of his presidency is due out on Friday (though it will largely be a reflection of the end of Obama's term). Seth Perlman/AP hide caption

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Seth Perlman/AP

Labor Secretary Tom Perez speaks at a governors meeting in July. Under current rules, advisers "say things like 'we put our clients first,' " Perez said this week. Going forward, "this is no longer a slogan. It's the law." Steve Helber/AP hide caption

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Steve Helber/AP

White House To Financial Advisers: Put Savers' Interests First

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Labor Secretary Thomas Perez, pictured in 2015, says, "If you get hurt on [the] job, you still should be able to put food on the table, and these laws are really undermining that basic bargain." Molly Riley/AP hide caption

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Molly Riley/AP

Prices for both gasoline and natural gas have fallen this year. An AT&T employee fills up his company van in San Diego last month. Mike Blake/Reuters/Landov hide caption

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Mike Blake/Reuters/Landov