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Senate Plans Budget Raise for FinCEN
By Colby Adams
printThe U.S. Treasury Department's Financial Crimes Enforcement Network would see its budget rise by nine percent for fiscal year 2011 under a Senate proposal released Tuesday. If adopted, the Senate Omnibus Appropriations Act, which would allocate over $1 trillion to federal programs through next September, would set the financial intelligence unit's annual budget at just over $121 million, up from the $111 million given to the agency for FY 2010. The planned appropriations would also exceed the bureau's FY 2011 budget request by $10 million. The proposed increase coincides with costs incurred by the agency's IT Modernization Initiative, a multi-year,...
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