Obama’s plan would boost funding for the Commodity Futures Trading Commission by 55 percent to $261 million. Almost half the increase, or $45 million, would fund new authority granted under the regulatory overhaul plan. The White House last year proposed that the CFTC share derivatives oversight with the SEC.The spending requests for the SEC and CFTC are part of a $3.8 trillion budget that the administration sent to Congress today. The overall plan puts an emphasis on job creation and would raise taxes for the most wealthy Americans in an attempt to narrow the deficit.
Best of Trading to all gang, Hope to make it up w/London,
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