On the recordJune 9, 2014
There is not much limitation under the law. You can request up to 12 percent of the Federal Reserve's operating budget, and the expenses must be reasonably necessary to carry out your functions.
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congress.govMike Johanns: “There is not much limitation under the law. You can request up to 12 percent of the Federal Reserve's operating budget…”
Editor's note · Context
Johanns highlights the lack of budget oversight for the Federal Reserve.
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