BUSINESS

Steve Mnuchin hints at Fannie-Freddie changes to end U.S. state control

Steven Mnuchin, U.S. Treasury secretary, speaks during an interview in Washington on Tuesday. The White House signaled a possible way out of the standoff over border wall funding, days before a partial government shutdown, by suggesting the administration might seek other sources of funding. | BLOOMBERG

Bloomberg

Dec 19, 2018

WASHINGTON –

The Trump administration wants to work with Congress on freeing Fannie Mae and Freddie Mac from government control, though it's considering pursuing some changes on its own, Treasury Secretary Steven Mnuchin said Tuesday.

"I would like to get them out of conservatorship," Mnuchin said during a roundtable interview at Bloomberg's Washington office. "My preference would be to do something that has bipartisan legislative support."

Fannie and Freddie rose after Bloomberg reported the Treasury secretary's comments.

Steve Mnuchin hints at Fannie-Freddie changes to end U.S. state control

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