Obama's proposed 2012 budget includes a 28% increase in funding for the SEC, setting up a...

|By:, SA News Editor

Obama's proposed 2012 budget includes a 28% increase in funding for the SEC, setting up a showdown with Republicans who want to slash the agency's spending. The SEC would be exempt from Obama's proposed freeze on most discretionary spending. Mary Schapiro has maintained that her agency doesn't have enough money to do its job properly.