Obama to call for increases in budget for SEC, CFTC: White House

President Barack Obama's fiscal 2017 budget will call for an 11 percent increase in funding for the Securities and Exchange Commission and a 32 percent increase for the Commodity Futures Trading Commission, a White House official said on Monday. Obama will propose that the SEC be given $1.8 billion and the CFTC $330 million in the budget, economic adviser Jeffrey Zients said in a blog post on the White House website. "Last year the Administration fought hard to keep Congressional Republicans fro