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File photo of Rep. Melvin Watt. (credit: Mark Wilson/Getty Images)

Officials: Obama Naming Watt For Housing Post

President Barack Obama intends to nominate Rep. Melvin Watt to head the Federal Housing Finance Agency, the government regulator that oversees lending giants Fannie Mae and Freddie Mac, and he has chosen a former cable and wireless industry lobbyist to head the Federal Communications Commission, according to White House officials.

05/01/2013