Experts question the future of Fannie and Freddie

House Republicans, led by Jeb Hensarling of Dallas, say they are eager to curb the government’s involvement in the housing market, beginning with the elimination of Fannie Mae and Freddie Mac, The Dallas Morning News reported. Hensarling has proposed legislation that would do just that within five years. Read more: Experts question the future of Fannie and Freddie – Washington Business Journal

Texas schools better off waiting for federal aid

Very soon states will be receiving big checks from the federal government’s Education Jobs Fund Program that aims to help public schools keep educators on the payroll during tough economic times. No money is coming to Texas at least not this year. Unfortunate, but if it’s a matter of timing and the money is available next year, it might be worth the wait. From the Austin American-Statesman.