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In this June 9, 2020, file photo, Federal Housing Finance Agency Director Mark Calabria testifies before a Senate Banking, Housing, and Urban Affairs Committee hearing on Capitol Hill in Washington. The Supreme Court is hearing a case on Dec. 9, 2020, that could make it easier for the president to fire the head of the agency that oversees government-controlled mortgage giants Fannie Mae and Freddie Mac. The case could also mean undoing an arrangement between the companies and the government that has sent $246 billion in their profits to the Treasury. That was compensation for the taxpayer bailout they received after the 2007 housing market crash. (Astrid Riecken/The Washington Post via AP, Pool)

In this June 9, 2020, file photo, Federal Housing Finance Agency Director Mark Calabria testifies before a Senate Banking, Housing, and Urban Affairs Committee hearing on Capitol Hill in Washington. The Supreme Court is hearing a case on Dec. 9, 2020, that could make it easier for the president to fire the head of the agency that oversees government-controlled mortgage giants Fannie Mae and Freddie Mac. The case could also mean undoing an arrangement between the companies and the government that has sent $246 billion in their profits to the Treasury. That was compensation for the taxpayer bailout they received after the 2007 housing market crash. (Astrid Riecken/The Washington Post via AP, Pool)

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