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Political News

Trump May Choose Critic of Fannie and Freddie to Lead Agency Overseeing Them

FILE -- Mark Calabria, director of financial regulation studies at Cato Institute, testifies before the House Oversight and Government Reform Committee during a hearing on Capitol Hill in Washington, Dec. 4, 2013. Calabria, who is being eyed to run the Federal Housing Finance Agency, is a longtime critic of the government-backed housing finance companies, Fannie Mae and Freddie Mac, which have been under government control since the 2008 financial crisis. (Gabriella Demczuk/The New York Times)