Congress

Lawmakers to Add Treasury’s GSE Rescue Proposal to Housing Package 

So much for any fight over whether the Treasury should be allowed to purchase shares in troubled housing finance giants Fannie Mae [stock FNM][/stock] and Freddie Mac [stock FRE][/stock]. Key Congressional Democrats gave their thumbs up late Monday to a Bush administration proposal that would grant the Treasury broad access to support both GSEs, and said they’d include it in an ever-expanding housing aid package now making its way through Congress.