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House Committee OKs $5B Cut To Financial Services

By Jessica Corso (June 17, 2015, 7:05 PM EDT) -- The House Appropriations Committee on Wednesday passed its version of the 2016 financial services spending bill, which at $20.2 billion cuts out nearly $5 billion requested by the White House by slashing funding to the IRS and freezing the U.S. Securities and Exchange Commission's budget at 2015 levels....

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