OBAMA TO NAME MEL WATT AS HOUSING CHIEF: President Barack Obama intends to nominate Rep. Melvin Watt to head the Federal Housing Finance Agency, the government regulator that oversees lending giants Fannie Mae and Freddie Mac, a White House official told the Associated Press. The president was expected to name Watt, a 20-year veteran of the House, on Wednesday, according to the official, who spoke on condition of anonymity ahead of the announcement.
HOUSE, SENATE STILL APART ON TAX PLAN: Senate Republicans are expected to debut a comprehensive tax plan in coming days -- but don't expect the House to stand at their side. Rep. David Lewis, the lead House tax negotiator, said Tuesday they still haven't found complete agreement. "The two chambers are not yet on one accord," he said. Lewis said he's optimistic the two sides will still unify around a single plan. He wouldn't identify the sticking point but it is likely how to pay for the plan -- with the Senate wanting to tax dozens of new services and the House wanting a more modest approach.
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