Search
 

Obama Said to Trim CFTC Budget

Agency has said it lacks resources to adequately oversee markets; current version of president's budget reduces funding from previous version but increases from current funding level.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

President Barack Obama is set to seek a $280 million budget for the U.S. Commodity Futures Trading Commission (CFTC) that, while more than the commission currently gets, is lower than his previous request for an agency that has said it lacks the resources to fully oversee markets, according to people with knowledge of the matter.

Recommended Stories

GE Urged to Drop Auditor KPMG

Richard Clough |

The 110-year-long relationship is coming under increasing scrutiny from investors.

Big Tech’s Big Tax Ruse

Nico Grant & Ian King |

Data shows industry has been splurging on stock buybacks, not jobs.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.