• Most Popular
  • Most Shared

Bush: Top officials "working" Freddie-Fannie issue

Fri Jul 11, 2008 11:55am EDT

WASHINGTON, July 11 (Reuters) - President George W. Bush said on Friday Fannie Mae and Freddie Mac were important U.S. institutions and top economic officials were "working this issue very hard", amid growing concern about the mortgage giants' funding.

Stocks  |  Bonds  |  Global Markets

"Freddie Mac and Fannie Mae are very important institutions. We spent a fair amount of time discussing these institutions. He (Treasury Secretary Henry Paulson) assured me that he and (Federal Reserve Chairman) Ben Bernanke will be working this issue very hard," Bush told reporters after meeting his top economic advisers. (Reporting by David Alexander, writing by Matt Spetalnick, Editing by Chizu Nomiyama)

Stocks
Bonds
Global Markets


More from Reuters

Photo

Time Warner Cable, Fox at impasse; blackout looms

NEW YORK (Reuters) - About 13 million Time Warner Cable Inc subscribers were to lose most Fox programing at midnight on Thursday unless the cable service provider reached a last-minute deal to pay fees to News Corp to broadcast the shows.

» More Top News
A customer is served at a counter inside a foreign exchange store displaying a poster of various banknotes including the Chinese yuan or renminbi (RMB) in Hong Kong November 20, 2009. REUTERS/Bobby Yip
OUTLOOK 2010:

Be careful what you wish for

Pressure on China to loosen its grip on the yuan will continue but the U.S. should tread carefully. Here are five world market issues to watch.  Full Article 

Global Markets
Clients work out on machines at the Bally Total Fitness facility in Arvada, Colorado June 15, 2009. REUTERS/Rick Wilking

Get real with resolutions

We make them and we break them: The secret to keeping them is to avoid the impossible dream.  Full Article 

Lifestyle