Market regulation wins big in Obama's budget

The CFTC would receive a 55% boost for fiscal year 2011

The Commodity Futures Trading Commission (CFTC) would receive a $93 million increase over its 2010 federal allocation, to $261 million, under President Obama's proposed budget, according to budget documents released by the White House.

The Securities and Exchange Commission also would benefit, to the tune of a $147 million increase to $1.3 billion.

However, the money does not come without strings. For the CFTC, nealy half of the increase is contingent on Congress' ability to pass legislation that would overhaul the country's financial system.

For more on the budget proposals...

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