White House stiffs futures watchdog

Published March 21, 2014 12:00am ET



The regulators charged with carrying out a key provision of the Dodd-Frank financial reform law are warning that they don’t have enough funding to do the job, but neither the Obama administration nor Washington seems to be listening.

Like other federal agencies, the Commodity Futures Trade Commission, traditionally dedicated to overseeing futures contracts, always wants more funding. In recent months, its President Obama-appointed officials have taken the more unusual step of calling out the president for failing to fund their new line of work and endangering the financial system — but no relief is in sight.

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