Congress

July 18, 2013 2:04 PM

Senate panel OKs Rep. Mel Watt to lead Fannie, Freddie

Rep. Mel Watt, D-N.C., overcame a difficult challenge to becoming the next head of the Federal Housing Finance Agency on Thursday when he was approved by the Senate Committee on Banking, Housing and Urban Affairs in a 12-10 vote that was split along party lines.

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