Obama Budget Seeks $2B For Swamped Securities Regulators

Law360, New York (April 10, 2013, 5:06 PM EDT) -- The White House wants to significantly increase funding for the U.S. Commodity Futures Trading Commission and the U.S. Securities and Exchange Commission in 2014, budgeting approximately $2 billion for the agencies to hire more staff and increase their scrutiny of Wall Street.

The White House asked Congress to approve a $315 million budget for the CFTC and a $1.67 billion budget for the SEC, numbers just slightly larger than those Obama proposed for the 2013 budget that never passed, according to figures released Wednesday in the...
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