Sequester forces CFTC to furlough workers in 2014

10/25/2013 | Bloomberg · Hill, The · Reuters

The Commodity Futures Trading Commission will ask employees not to work for up to 14 days in 2014 as the regulatory agency copes with a budget shortfall related to the sequester. The budget gap comes despite collecting $1.7 billion in fines and penalties over the past year. "This is the budget reality we face," CFTC Chairman Gary Gensler wrote in an e-mail to employees.

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Bloomberg · Hill, The · Reuters

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