Friday, 24 March, 2023

Biden aiming to get a 11% rise in FTC funding amidst big tech cases

<p>In the new budget US president Joe Biden proposed an 11% increase in funding for the Federal Trade Commission and Justice Department&rsquo;s Antitrust Division. Both of them have filed lawsuits against Big tech companies in 2020. In 2022 the FTC staff is to increase to 1,250 from 1,140 as the government plans on spending $389.8 mn compared to $351 mn of FY21. The Antitrust division will have an increase of 8.6% in their budget from $185mn to $201mn.</p>