Fannie Mae to pay $59.4 billion back to U.S. taxpayers in move seen to forestall debt limit battle

Repayment will boost Treasury coffers ahead of 18 May expiration of political deal over national debt limit The government-backed mortgage giant Fannie Mae is to pay $59.4bn back to US taxpayers, in a move that is likely to forestall a looming battle over the federal debt limit. The mortgage...