Obama Proposes User Fees in $308 Million CFTC Budget
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President Barack Obama proposed user fees as an option to help the Commodity Futures Trading Commission carry out derivatives oversight as part of a $308 million budget request for the agency.
Obama’s budget proposal, sent to Congress today, sets the stage for months of political fights with Republicans who have pushed for spending cuts. The proposal for fiscal 2012 comes with the budget for the current fiscal year -- including $169 million for the CFTC -- caught in a congressional stalemate.