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sts' retreat in Saratoga Springs, N.Y.Coburn also said the NPS is trying
to acquire new land elsewhere for existing parks, and urged the department
to "cease" until normal access to U.S. parks has been restored.Coburn also
questioned whether the department needed to be spending money on drone surveillance
of animal populations ranging from sheep in Nevada to pygmy rabbits in
Idaho. Coburn cited several population counts that are expected to be conducted
later this year.Despite these expenses, the Associated Press reported in
late April that the U.S. Geological Survey -- which is part of
the Interior Department -- was preparing to shut down more than 100
gauges that warn about possible flooding or water shortages.Plus department
officials have repeatedly discussed the impact on national parks. NPS Director
Jonathan Jarvis testified last month that the sequester would lead to "delayed
road openings, reduced hours of operation for programs and services and
fewer programs and patrols."In response to Coburn's letter, Interior spokesman
Blake Androff said the department cannot move money around so easily."Sequestration
requires an across-the-board cut to all programs and accounts and does not
allow the flexibility to rob Peter to pay Paul," he said. "The
Department of the Interior has already taken aggressive steps to reduce
spending across the agency and will continue to look for innovative ways
to cut costs while preserving our mission essent
n.Obama will announce Wheeler's and Watt's appointments from the White
House Wednesday afternoon. The White House officials spoke on condition
of anonymity because they weren't authorized to publicly discuss the appointments
before the president's formal announcement.Watt's nomination comes at a
crucial time for Fannie Mae and Freddie Mac, two federally sponsored mortgage-finance
enterprises that the government rescued at the height of the financial crisis
in September 2008 as they teetered near collapse from losses on mortgage
loans gone bad.Taxpayers have spent about $170 billion to rescue the companies.
So far, they have repaid a combined $55.2 billion.Fannie and Freddie together
own or guarantee about half of all U.S. mortgages, or nearly 31
million home loans. Those loans are worth more than $5 trillion. Along
with other federal agencies, they back roughly 90 percent of new mortgages.The
nomination comes as the housing industry is making a comeback. Home prices
are up, foreclosures are down and housing construction is on the rise.
Moreover, Fannie Mae had its biggest yearly profit last year, earning $17.2
billion.Watt, a senior member of the House Financial Services Committee
and former chairman of the Congressional Black Caucus, played an influential
role in the passage of a financial regulatory overhaul in 2010. That
legislation, however, did not address the fate of the major mortgage lenders,
an issue likely to come up during Obam
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