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High court gives Biden power to remove head of housing agency

Technology Manias – EᐯEᖇYTᕼIᑎG YOᑌ ᑎEEᗪ IᑎᗪEEᗪ

The Supreme Court on Wednesday gave President Joe Biden greater control over the future of Fannie Mae and Freddie Mac, the two companies that dominate the U.S. mortgage market, ruling that he has the authority to fire their regulator. The decision offers Biden the chance to replace the libertarian economist who was appointed by President Donald Trump to head the agency and has sought to reduce the government’s role in the housing market since he took office in 2019. The court in a split decision found that the leadership structure…

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