Wall Street regulators may be hobbled by less spending funds

WASHINGTON: Two of Wall Street's top regulators are due to receive much smaller increases in their budgets than they requested, potentially hobbling their ability to police the markets for wrongdoing.

The $1.1 trillion spending bill unveiled by the U.S. House of Representatives and Senate would allot theU.S. Securities and Exchange Commission $1.35 billion for the fiscal year ending September 30, 2014.