Federal Housing Finance Agency (FHFA) Mel Watt defended his decision to approve the pay hikes, which will raise the Fannie and Freddie CEOs' pay from $600,000 to $4 million, as vital to "promote CEO retention, allow reliable succession planning and ensure the continuity, efficiency and stability" now that both companies have returned to financial health. (Associated Press)
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Trump Transition: Here are the people Trump has picked for key positions so far
President-elect Donald Trump has announced a flurry of picks for his incoming administration. Get full coverage of the Trump transition from The Washingon Times.
Trump dances onstage, takes post-election nation by storm
President-elect Trump dances onstage
