Obama 2016 Budget: President's Proposal Would Bolster Key Dodd-Frank Regulators

President Obama's proposed 2016 budget includes a windfall for Wall Street watchdogs. The White House requested $1.7 billion for the U.S. Securities and Exchange Commission (SEC), an increase of 15 percent, and the U.S. Commodity Futures Trading Commission (CFTC), which oversees the $700 trillion swaps market, would see its budget jump up 29 percent, to $322 million. The combined request is the largest Obama has made for Wall Street's top cops.