GSE operations should be on federal budget: CBO (Reuters)
09.09.2008 18:55 Finance
WASHINGTON (Reuters) - The operations of mortgage finance companies Fannie Mae and Freddie Mac, which were placed into a federal conservatorship, should now be treated as part of the federal budget, the head of the Congressional Budget Office said on Tuesday.
"That means that revenue earned would be reflected as a receipt, and spending would be reflected as an outlay," CBO Director Peter Orszag said at a briefing.
(Reporting by Mark Felsenthal, Editing by Chizu Nomiyama)
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