On Thursday, the Defense Department said that in order to blend in, special-operation forces often don the insignia of forces they accompany. On Friday, after Turkey complained, a spokesman called the action “unauthorized and inappropriate.”
Fannie Mae, the nationalized US housing lender that US president Barack Obama would like to eliminate, will pay $10 billion back to the government this quarter—a boon to the deficit reduction project, but a problem for efforts to speed up the still-slow US economic recovery.
The news comes in today’s earning’s announcement, which notes that the nationalized home lender will return $105.3 billion to the US Treasury during the current quarter, compared to the $116.1 billion it withdrew to cover losses during the financial crisis. Fannie is returning the extra cash thanks to the strengthening housing market and its economic effects.