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Article: Fannie Mae, Freddie Mac Assure Senators
- Article from:
- AP Online
- Article date:
- February 25, 2004
- Author:
CopyrightThis material is published under license from the Associated Press. All inquiries regarding rights should be directed to the Associated Press. (Hide copyright information)
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MARCY GORDON, AP Business Writer
AP Online
02-25-2004
Dateline: WASHINGTON
Federal Reserve Chairman Alan Greenspan testifies before the House Budget Committee on Capitol Hill Wednesday, Feb. 25, 2004, in Washington. Greenspan urged Congress to deal with the country's escalating budget deficit by cutting benefits for future Social Security retirees, warning that if action is not taken, financial markets will in coming years begin pushing long-term interest rates up. (AP Photo/Charles Dharapak)
The heads of mortgage giants Fannie Mae and Freddie Mac assured senators Wednesday that their collapse was unlikely, a day after Federal Reserve Chairman Alan Greenspan warned they could pose a threat ...