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COMPOSITE: Social Security in Red - Postal Service in Red - Fannie Mae in Red
USPS Liquidity Fears"Given current trends, we will not be able to pay all 2011 obligations," said Joseph Corbett, the agency's chief financial officer. Social Security in the Red First Time Ever Social Security will pay out more this year than it gets in payroll taxes, marking the first time since the program will be in the red since it was overhauled in 1983, according to the annual authoritative report released Thursday by the program's actuary. Fannie Mae Seeks Another 1.5 Billion Fannie Mae, the mortgage-finance company operating under federal conservatorship, is seeking $1.5 billion in aid from the U.S. Treasury Department after a 12th straight quarterly loss. Posted by: Snusoter Fillmore9811 2010-08-06 |
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