Budget 2012: Treasury Department
The administration's $14 billion proposed budget for the Treasury Department represents a 4 percent bump from the budget that was enacted in 2010.
One key beneficiary: the Internal Revenue Service, which must oversee new tax-compliance issues related to the far-reaching financial overhaul that passed last year, as well as the new health-care law and other initiatives. The administration said some of the funds also would go toward initiatives intended "to maximize collection of unpaid debt from individuals and businesses."
By contrast, the continuing budget resolution proposed last week by Republican lawmakers would seek to cut Treasury's budget by more than $1 billion compared with the 2010 enacted levels. The IRS also would see its funding trimmed.
Meanwhile, both proposals would provide ongoing support for the oversight and wind-down of the Troubled Assets Relief Program.
| February 14, 2011; 12:56 PM ET
Categories: 44 The Obama Presidency, The Agencies, The Budget
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