Mnuchin Hints at Fannie-Freddie Changes to End U.S. Control
- Treasury chief prefers working with lawmakers on overhaul
- He says Trump administration can pursue some tweaks on its own
Steven Mnuchin, right, speaks during an interview in Washington, D.C., on Dec. 18.
Photographer: Al Drago/BloombergThis article is for subscribers only.
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.”