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Tim Johnson

  • WASHINGTON, March 27- The top Democrat on the U.S. House Financial Services Committee on Thursday introduced a draft proposal to abolish Fannie Mae and Freddie Mac and create a new lender-owned cooperative that would issue government-backed loans.

  • WASHINGTON, March 21- A Senate proposal to overhaul the U.S. housing finance system would make mortgages more expensive and less available, especially in minority communities, a coalition of consumer advocates and civil rights groups warned on Friday.

  • March 16- A draft bill to remake the nation's $10 trillion mortgage market and wind down government-run companies Fannie Mae and Freddie Mac, the two housing finance giants that were bailed out by taxpayers in 2008, was released by two leading senators on Sunday.

  • WASHINGTON, March 16- A draft bill to wind down government-run mortgage financiers Fannie Mae and Freddie Mac, released by two leading senators on Sunday, would leave a decision on how to treat their private shareholders to the courts.

  • WASHINGTON, March 16- A draft bill to wind down government-run mortgage financiers Fannie Mae and Freddie Mac, released by two leading senators on Sunday, would leave a decision on how to treat their private shareholders to the courts.

  • WASHINGTON, March 13- The leaders of the U.S. Senate Banking Committee's new legislative framework to wind down Fannie Mae and Freddie Mac will not determine whether their investors can share in the companies' renewed profitability, the panel's top Republican said on Thursday in a televised interview.

  • *Fannie Mae, Freddie Mac would be liquidated under plan. WASHINGTON, March 11- The leaders of the Senate Banking Committee on Tuesday announced an agreement on legislation to wind down government-owned mortgage financiers Fannie Mae and Freddie Mac, jump-starting a long-standing debate that could still take years to resolve.

  • WASHINGTON, March 11- The leaders of the U.S. Senate Banking Committee on Tuesday outlined plans for legislation to wind down government-owned mortgage financiers Fannie Mae and Freddie Mac that they said would continue to provide access to long-term, fixed-rate mortgages.

  • WASHINGTON, March 11- The leaders of the U.S. Senate Banking Committee on Tuesday outlined plans for legislation to wind down government-owned mortgage financiers Fannie Mae and Freddie Mac that they said would continue to provide access to long-term, fixed-rate mortgages.

  • March 7- Close-out retailer Big Lots Inc said same-store sales would stop falling in the current fiscal year as its investments to boost sales start paying off.

  • FACTBOX-Members of U.S. Congress who are leaving office Thursday, 13 Feb 2014 | 1:47 PM ET

    WASHINGTON, Feb 13- Forty-two U.S. representatives and senators have announced plans to leave their seats in Congress in advance of mid-term elections in November, including 24 Republicans and 18 Democrats. The latest to announce his departure was Representative Doc Hastings, a 10- term Republican from Washington state.

  • WASHINGTON, Jan 31- The Obama administration's tricky final decision on the Keystone XL oil pipeline is several months away, guaranteeing that the project dividing many Democratic voters will be an issue in the midterm elections that could determine control of the U.S. Congress.

  • WASHINGTON, Jan 29- President Barack Obama's renewed pitch for legislation to wind down mortgage-finance giants Fannie Mae and Freddie Mac is unlikely to break a political log-jam that threatens to put the goal out of reach- at least while he's in office.

  • WASHINGTON, Jan 28- President Barack Obama renewed his call on Tuesday to wind down mortgage-finance giants Fannie Mae and Freddie Mac and revamp the housing finance system to include a more limited government backstop.

  • WASHINGTON, Jan 28- President Barack Obama will renew his call on Tuesday to wind down mortgage-finance giants Fannie Mae and Freddie Mac and revamp the housing finance system to include a more limited government backstop, the White House said.

  • WASHINGTON, Dec 19- Despite opposition from the Obama administration, 26 U.S. senators introduced legislation on Thursday to impose new sanctions on Iran if the country breaks an interim deal under which Tehran agreed to curb its nuclear program.

  • *Watt will replace FHFA Acting Director Edward DeMarco. WASHINGTON, Dec 10- The U.S. Senate on Tuesday confirmed Representative Mel Watt to lead the agency that regulates taxpayer-owned mortgage financiers Fannie Mae and Freddie Mac, providing greater leeway for the Obama administration's mortgage aid initiatives.

  • WASHINGTON, Nov 15- The leaders of the U.S. Senate Banking Committee appear unlikely to meet their goal of producing a bill by year-end that would wind down major mortgage finance companies Fannie Mae and Freddie Mac, given the shrinking timeline and the tricky politics.

  • GENEVA, Nov 7- Iran and six world powers appeared to be edging towards a deal on its disputed nuclear activity on Thursday, citing progress in negotiations building on a diplomatic opening from Tehran, although it cautioned that the discussions were "tough".

  • WASHINGTON, Oct 30- Top Obama administration officials have been pushing U.S. lawmakers hard to hold off on new sanctions over Iran's nuclear program, but some key lawmakers said on Wednesday they had not yet been convinced to support a delay.

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