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Fed is expected to transfer a record $70 billion to Treasury

The Congressional Budget Office said the Federal Reserve's income from mortgage-backed securities and other assets will allow it to send more than $70 billion to the Treasury Department.

"The Federal Reserve's actions to stabilize the financial markets are likely to significantly increase the amount of its remittances over the next few years," the CBO said. Bloomberg (5/24) , CNNMoney.com/Fortune/Street Sweep blog
 

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