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U.S. derivatives regulator splits with White House over budget 

May 23, 2017

Sarah N. Lynch, Reuters

The Republican-led U.S. derivatives regulator pushed back against White House efforts on Tuesday to rein in its fiscal 2018 budgets, saying it needs additional resources to carry out its mission to monitor the marketplace and analyze rules.

In a somewhat unusual move, the Commodity Futures Trading Commission said on Tuesday it is seeking a $31.5 million boost on its current $250 million budget.

The White House, by contrast, proposed to keep the budgets of both the CFTC and the Securities and Exchange Commission flat.

The SEC's current budget is $1.6 billion.

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