Commodity Futures Trading Commission (CFTC) chairman Reuben
Jeffery said last week that the proposed budget increase for
the regulator was to be spent on salary increases and
technology. A proposal from the Bush administration would grant
the regulator $125m under the 2007 fiscal budget, up from a
stable level of around $100m over recent years.
The 2007 budget, in the process of being worked on in
Congress, also included another attempt by legislators to levy
a fee or tax on futures transactions to pay for CFTC's
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