The FDIC votes to raise its 2010 operating budget to $4B, $2.5B of which is to be used for...

|By:, SA News Editor

The FDIC votes to raise its 2010 operating budget to $4B, $2.5B of which is to be used for managing bank shutdowns - nearly double the $1.3B for that purpose this year. The agency will use funds to add more than 1,600 staffers to help unwind failed banks.