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Due to improper accounting measures applied to GSEs Fannie Mae and Freddie Mac, total federal spending in FY 2013 was underreported by $102 billion. Projections for FY 2014 would bring the underreported two-year total to $187 billion.
Due to improper accounting measures applied to GSEs Fannie Mae and Freddie Mac, total federal spending in FY 2013 was underreported by $102 billion. Projections for FY 2014 would bring the underreported two-year total to $187 billion.