TV News LIES

Friday, Oct 31st

Last update10:41:26 PM GMT

You are here News Politics House ready to slash funding for key oil-market regulator

House ready to slash funding for key oil-market regulator

E-mail Print PDF

House ready to slash funds for reguklatory agencyThe Republican-led House of Representatives is poised to pass, as early as Wednesday, a sweeping spending bill that would slash funding for the regulatory agency responsible for policing against excessive speculation and price manipulation in oil markets.

House members are expected to approve an agriculture spending bill that would deeply cut the annual bill that funds the Commodity Futures Trading Commission, which regulates trading in oil, grains and other commodities.

The House bill would provide $171.9 million for the agency, a decrease of about $30 million from the $202.2 million given to the agency the prior year.

The Obama administration requested more than $300 million for the fiscal year that ends on Sept. 30, a steep increase because the CFTC gained sweeping new powers under last year's broad revamp of financial regulation_ short-handed as the Dodd-Frank Act.

More...


Most Recent Related Stories...


To vote in the Rust Belt, it takes more than an official photo ID

Voting in the rust beltNick Veron, 34, is a third-generation Elkhart factory man. He works on the same assembly line...

Court won’t force Georgia to find 40,000 missing voters

Michelle NunnTens of thousands of Georgia residents have submitted all required documentation, but have still not received...

Republican ISIL fear-mongering amplifies extremists' message, experts say

ISIS and the GOPIn one frame of the video, a masked fighter for the Islamic State of Iraq and...

The stealth return of Jim Crow: Millions threatened by poll purges

Jim Crow returns to US electionsElection officials in 27 states, most of them Republicans, have launched a program that threatens a...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!