Wednesday, Oct 26th

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.


Most Recent Related Stories...

Democrats ask judge to sanction Republicans over Trump

Democrats ask judge to sanction Republicans over TrumpThe Democratic National Committee on Wednesday asked a U.S. judge to hold the Republican National Committee...

Trump’s Hollywood Walk of Fame Star Destroyed by Sledgehammer

Trump Star hammered to piecesDonald Trump took a lot of hits today, and not just in the Presidential race. With...

Right on Schedule, Gary Johnson’s Poll Numbers Are Crashing

Gary JohnsonPerhaps some of those who believed America was headed toward a “libertarian moment” are surprised by...

Hispanic crowd boos Marco Rubio off stage

Rubio bood off stage by LatinosFlorida Sen. Marco Rubio got booed off a stage in Orlando on Sunday, by a crowd...
America's # 1 Enemy
Tee Shirt
& Help Support!
TVNL Tee Shirt
Conserve our Planet
& Help Support!
Get your 9/11 & Media
Deception Dollars
& Help Support!
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!