Legislation to shut Fannie and Freddie gets bogged down

04/25/2011 | MSNBC

Congressional leaders can't get enough votes to shut down Fannie Mae and Freddie Mac, Democratic and Republican officials said. Legislation to close the mortgage-finance companies is bogged down even in the Republican-controlled House, where leaders want to reduce the government's size. "There's no consensus on it," said House Financial Services Committee Chairman Spencer Bachus, R-Ala.

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