Washington (Feb. 4, 2004) -- As part of President Bush’s $2.4 trillion, fiscal 2005 budget, a 9 percent increase has been earmarked for the Securities and Exchange Commission, bringing its requested coffers up to $893 million.

The regulator would actually have a total budget of $913 million due to $20 million being carried over from fiscal 2004 that it did not spend. That funding was to hire attorneys and accountants.

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