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NY Daily News

President Obama to name former Rep. Melvin Watt for housing post

May 1, 2013

President Barack Obama intends to nominate veteran Rep. Melvin Watt to head the Federal Housing Finance Agency, the government regulator that oversees lending giants Fannie Mae and Freddie Mac, and he has chosen a former cable and wireless industry lobbyist to head the Federal Communications Commission, according to White House officials.

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