Former Treasury Secretary Hank Paulson spoke with Judy Woodruff in an interview airing on Bloomberg Television at 9:30 pm/ET this Friday. Paulson said that he:
“had to pinch himself”
in reaction to the news that Fannie Mae generated record profits last year.
“I could hardly believe what I was reading.”
Paulson also said that the U.S. needs to slow the growth of entitlement programs and raise more tax revenue by closing loopholes:
“We may need more revenues…This should be part of doing something with entitlements, because I think to just keep postponing entitlement reform is a big mistake.”