SEC budget in line of fire as House panel seeks cuts

Republicans on a House financial panel on Tuesday said Wall Street and housing regulators need to learn to do more with less, as Washington tries to tame deficits by cutting back on spending. The House Financial Services Committee voted to release a 19-page policy document that does not call for specific levels of cuts but singles out agencies, including the Securities and Exchange Commission, for not using resources wisely. More on Reuters here.

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