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Inside Washington (05/31/2012)
  • WASHINGTON (6/1/12)--A top economic adviser to Mitt Romney said the Republican presidential candidate will soon offer detailed proposals for health care and financial regulation. Romney's adviser, Glenn Hubbard, told The Wall Street Journal the former Massachusetts governor will offer voters a clear distinction from President Barack Obama's health care and financial regulatory agenda. Among the changes Romney would propose are: replacing the process for winding down failing financial institutions that was created as part of the Dodd-Frank Act; moving or dismantling the Consumer Financial Protection Bureau; and winding down the mortgages and securities in the portfolios at Fannie Mae and Freddie Mac. Romney's budget goals include reducing government spending to 20% of gross domestic product by the end of his first term …


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