U.S. President Joe Biden speaks as he visits Joint Base Langley-Eustis with first lady Jill Biden, in Hampton, Virginia, U.S. May 28, 2021. REUTERS/Ken Cedeno
WASHINGTON (Reuters) - President Joe Biden's proposed budget would give an 11% funding increase to the Federal Trade Commission as well as a hefty boost to the Justice Department's Antitrust Division, both of which filed major lawsuits against big tech companies last year.
The agencies, which review mergers to ensure they comply with antitrust law and other enforcement, have been at the center of a political storm, with progressives and some Republicans accusing them of being too lax.
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