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  • Freddie Mac reports $354M net loss in first quarter

    Freddie Mac reported a $354 million net loss in the first quarter, significantly down from its $2.2 billion net income recorded in the fourth quarter of 2015. The news is a reminder of the GSE's net loss in the third quarter of 2015, which marked the first loss in four years. But despite the news, Freddie CEO Donald Layton remains positive on the results. Click the headline to find out why.

The Ticker

Last ditch effort made on fiscal cliff, but success unlikely

U.S. stock futures were lower as fears grow about the impact of no deal, reports CNNMoney.

President Obama and congressional leaders will discuss the impasse at the White House on Friday afternoon, and the House of Representatives will return on Sunday. Failure to reach a fiscal cliff deal could push the U.S. economy into recession.

 

Source: CNN Money
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