TV News LIES

Sunday, Jun 25th

Last update05:20:13 AM 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...


Partisan gerrymandering benefited Republicans in 2016 election – report

errymandering benefits GOP: AP ReportDonald Trump claimed the 2016 US election was rigged against him, alleging without evidence massive voter...

Palestinians disappointed after 'tense' meeting with Kushner

Kushner and AbbasPresident Trump will reportedly receive a report about the Israeli-Palestinian peace process following a "tense" meeting...

Trump breaks with tradition, forgoes Ramadan dinner

Chauncey TrumpPresident Trump issued a statement Saturday greeting Muslims as they celebrate the holiday of Eid al-Fitr,...

Ivanka Trump ordered to testify in dispute with shoe company

Ivanka must testify at shoe trialIvanka Trump must testify in a dispute with an Italian shoemaker over one of her company’s...
 
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!