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• Feds: Mortgage giants too vital to let fail
A failure would affect the ability of Americans to get home loans, auto loans and other consumer credit and business finance,” Paulson said.
• U.S. nears rescue plan for Fannie and Freddie
A bailout of the two mortgage finance titans would follow a Fed rescue of investment bank Bear Stearns in March and earlier steps to provide implicit government backing to Fannie Mae and Freddie Mac.
• See today's average credit card rates across the country.
Treasury Secretary Henry Paulson and two other regulators are working on a plan to put the troubled mortgage finance companies into a conservatorship and remove Fannie Mae CEO Daniel Mudd and Freddie Mac CEO Richard Syron, according to Rep.
• U.S. to take control of Fannie and Freddie: reports
WASHINGTON/NEW YORK (Reuters) - The U.S. government plans to put government sponsored mortgage finance companies Fannie Mae and Freddie Mac under federal control, the New York Times and Washington Post newspapers reported late Friday ...
• Transportation Dept. almost out of road funds
The shortfall will mean short delays — and in some cases a temporary reduction — in payments to states for infrastructure projects the federal government has agreed to help finance.