Fannie Mae running out of cash, may seek more government aid

Fannie Mae said Monday that it may need another cash infusion from the Treasury Department. The mortgage giant had a third-quarter loss of $29 billion. Meanwhile, woes at other financial companies mounted as American Express gained approval from the Federal Reserve to become a bank-holding company, which will make it easier for the firm to get a taxpayer-funded capital infusion from the Treasury.

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