GOP Financial Services Chairman Admits Wall Street Watchdog Is Underfunded, As Republicans Cut Its Budget

GOP Financial Services Chairman Admits Wall Street Watchdog Is Underfunded, As Republicans Cut Its Budget: House Republicans on the Appropriations Committee today voted to cut funding for the Commodity Futures Trading Commission, the regulator charged with overseeing Wall Street derivatives and commodities trading. The Obama administration has asked for $300 million for the agency for fiscal year 2013, but the GOP only approved $180 million, which is less than the [...]/p