06/22/2011 11:36 pm ET Updated Aug 22, 2011

Mitch McConnell: Reducing Financial Regulator Budgets Good For U.S.

WASHINGTON -(Dow Jones)- The senior Senate Republican voiced strong support for House Republican efforts to reduce the budgets of the primary federal financial regulators, saying any move to slow down the agencies' ability to implement rules stemming from the Dodd-Frank law is good for the country.

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