Fannie Mae exec tapped for lead TARP post

Budget

Fannie Mae exec tapped for lead TARP post

The chief executive of Fannie Mae has been selected to oversee the $700 billion Troubled Asset Relief Program (TARP). Reuters reports that Herb Allison, who has...

Federal News Network Staff

April 17, 2009 7:35 pm

< a min read

The chief executive of Fannie Mae has been selected to oversee the $700 billion Troubled Asset Relief Program (TARP).

Reuters reports that Herb Allison, who has been heading Fannie Mae since it was taken over by the federal government last year, will be nominated.

Allison must be confirmed by the Senate.

Read more: Fannie Mae chief tapped to head U.S. bank rescue (Reuters)

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Management

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Management

This June 18, 2018, file photo shows an aerial view of the Amelia neighborhood in the municipality of Catano, east of San Juan, Puerto Rico. A long-delayed disaster aid bill that’s a top political priority for some of President Donald Trump’s GOP allies is facing a potentially tricky path as it heads to the Senate floor this week. Although the measure has wide backing from both parties, the White House isn’t pleased with the bill and is particularly opposed to efforts by Democrats to make hurricane relief to Puerto Rico more generous. (AP Photo/Dennis M. Rivera, File)

OMB to push Congress on extra funds for longer-term disaster relief

Federal Newscast

Fannie Mae exec tapped for lead TARP post

House GOP setting up DOGE subcommittee to address ‘wasteful’ federal spending

In final pitch, O’Malley highlights ‘deep concerns’ for SSA before his resignation next week

OMB to push Congress on extra funds for longer-term disaster relief

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