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House panel plans 15 pct cut for CFTC budget

Daily newsbrief journal for May 2011, also see http://www.usdemocrats.com/brief for a global 100-page perpetual brief and follow twitter @usdemocrats
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House panel plans 15 pct cut for CFTC budget

Postby admin » Mon May 23, 2011 5:42 pm

House panel plans 15 pct cut for CFTC budget
WASHINGTON (Reuters) - The U.S. futures regulator faces a 15 percent cut in funding under a plan unveiled by House of Representatives lawmakers on Monday, far less than the agency says it needs to carry out a new financial reform law.
http://feeds.reuters.com/~r/Reuters/Pol ... KA20110523
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