End of omnibus jeopardizes funding for Wall Street regulation

The Hill reports on the move to not increase spending:

The omnibus that has now been set aside included substantial boosts to the budgets of the SEC and CFTC, both of which are entrenched in the massive task of writing rules implementing the new law. The CFTC would have received a 69 percent boost to its budget, while the SEC would have gotten an 18 percent raise.

That's right some in Congress wanted to increase the CFTC's budget by 69% in a single year!!! Trading volume hasn't gone up 69% in a year. What a scam.