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Obama administration

Budget sharpens focus on regulating Wall Street

"President Obama is backing up his tough words for the financial sector with beefed-up budget requests for the government agencies that regulate Wall Street.

"The president’s fiscal 2016 budget request includes his highest-ever funding requests for a pair of financial regulators. And he wants to help cover those costs and others in his budget by imposing a new fee on the nation’s largest financial institutions that is also aimed at curbing risky activity.

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