CBO's Budgetary Treatment of Fannie Mae and Freddie Mac
AbstractAfter the U.S. government assumed control in 2008 of Fannie Mae and Freddie Mac--two federally chartered institutions that provide credit guarantees for almost half of the outstanding residential mortgages in the United States--CBO concluded that the institutions had effectively become government entities whose operations should be included in the federal budget. As a result, CBO incorporated estimates of the budgetary costs of the two entities in the baseline budget projections it published in 2009. This background paper describes CBO’s budgetary treatment of Fannie Mae and Freddie Mac and the methods CBO used to estimate their costs.
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Bibliographic InfoPaper provided by Congressional Budget Office in its series Reports with number 41887.
Date of creation: 14 Jan 2010
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- John Kitchen & Menzie Chinn, 2011.
"Financing US Debt: Is There Enough Money in the World – and at What Cost?,"
Wiley Blackwell, vol. 14(3), pages 373-413, December.
- Kitchen, John & Chinn, Menzie, 2010. "Financing U.S. debt: Is there enough money in the world – and at what cost?," MPRA Paper 24736, University Library of Munich, Germany.
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