Commodity Futures Trading Commission Chairman Timothy Massad blasted Congress and the White House for not increasing the agency’s budget from 2015 in the recently approved fiscal year 2016 budget for the US government. According to Mr. Massad, “[t]he CFTC’s appropriation simply doesn’t match our vast responsibilities, especially as the markets we oversee have grown enormously in size, importance and technological complexity.” The CFTC had requested a budget of $322 million for 2016, which represented an increase of $72 million over its 2015 enacted level (click here to access a copy of the CFTC’s proposed 2016 budget).