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Mnuchin Says He’s ‘Likely’ to Back Changes to Fannie and Freddie

  • Treasury secretary weighs in on revising bailout agreements
  • He offers no indication of how far he’s willing to go
Steven Mnuchin
Steven MnuchinPhotographer: Greg Nash/The Hill/Bloomberg

Treasury Secretary Steven Mnuchin said he would likely back changing a key agreement that outlines his agency’s support of Fannie Mae and Freddie Mac -- though he stopped short of providing any specifics.

Speaking to reporters on Wednesday, Mnuchin said he supports amending the companies’ bailout agreements “to set them on the right direction.” Revamping the accords, established after the government took control of Fannie and Freddie at the height of the 2008 financial crisis, is crucial to releasing them from U.S. control.