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Romney Defends Investments, Readies Tax Returns

Monday, 23 Jan 2012 03:52 PM

 

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WASHINGTON— Mitt Romney's campaign is defending his investments in government-backed housing lenders Fannie Mae and Freddie Mac even as it gets ready to release the GOP presidential candidate's recent income tax returns.

The two lenders have drawn GOP fire for their role in the nation's housing crisis.

Romney's investments in the companies became a touch point on Monday after he questioned rival Newt Gingrich's lucrative consulting work with Freddie Mac.

Romney's campaign, meanwhile, was preparing for Tuesday's promised release of his 2010 income tax return and an estimate of his 2011 tax bill. Romney had refused to release his personal tax information but he gave in under mounting pressure.

© Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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