Fannie and Freddie Surge as Release Plan Hits Kudlow’s Desk
- Report on ending U.S. control has been sent to White House
- Mortgage giants have been in conservatorship since 2008 crisis
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The long-awaited Trump administration plan for freeing Fannie Mae and Freddie Mac from federal control has been sent to top officials at the White House and various government agencies, a sign the report is getting closer to being released publicly, according to people familiar with the matter.
A draft of the Treasury Department report was submitted to the White House staff secretary, the people said, who distributes information to senior officials. Among those in possession of the plan is White House economic adviser Larry Kudlow, who is reviewing it and may request changes, said two people with knowledge of the matter, who like the others asked not to be named in discussing internal deliberations.