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Fannie Mae and Freddie Mac Help Boost US Budget Surplus

The once bailed out GSEs (Government-Sponsored Enterprises) are now paying dividends to the U.S. government. At the end of last year, Fannie Mae and Freddie Mac made dividend payments of $39.57 billion to the Treasury. Those payments help the government ran a budget surplus of $53.2 billion last month. The budget deficit for the first three months of fiscal year 2014 is at the lowest level since 2007.