On Leadership: House passes bill to end pay raises for Fannie Mae and Freddie Mac CEOs

Here's at least one thing Republicans and Democrats can agree on: The big pay raises the CEOs of Fannie Mae and Freddie Mac were awarded earlier this year should go away.Monday evening, the U.S. House of Representatives voted to approve a bill that would suspend new annual target compensation of $4 million each for Freddie Mac CEO Donald Layton and Fannie Mae CEO Timothy Mayopoulos. If signed into law by President Obama, the bill would return the cap on their pay to $600,000. That level was set in 2012 in the wake of anger over high bonuses that were paid to executives of the housing......(read more)

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