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ised Watt as a first-rate selection. Both were 
classmates at the University of North Carolina at Chapel Hill. Bowles, the 
Democrat in a debt-tackling partnership with former Republican Sen. Alan 
Simpson of Wyoming, said Watt brings "a bright mind, great work habits 
and an understanding of how Washington works to the job."Hugh McColl, former 
Bank of America chairman and CEO, also welcomed Watt's nomination. McColl 
said he has known Watt for four decades, first meeting him through 
his brother-in-law, former Rep. John Spratt, D-S.C., who attended Yale Law 
School at the same time as Watt."What he brings to everything, doesn't 
matter the subject, is an open mind," McColl said. "He has clarity 
of thought."Charlotte is a major banking center, and the top donors to 
Watt's political campaigns over the years have been bank political action 
committees and bank officials and employees.His nomination comes nearly 
a year after DeMarco, who has been acting director, stood by a 
decision to bar Fannie and Freddie from reducing principal for borrowers 
at risk of foreclosure, resisting pressure from the administration. DeMarco 
long has opposed allowing the mortgage giants to offer principal reduction.In 
March, attorneys general from nine states, led by Democrats Eric Schneiderman 
of New York and Martha Coakley of Massachusetts, sent Obama a letter 
saying that Fannie and Freddie under DeMarco have been a "direct impediment 
to our economic recovery."
e product is safe."This 
raises questions about how the GRAS concept is working and is it 
working adequately," Taylor said of the gum and other caffeine-added products.As 
food companies have created more new ingredients to add health benefits, 
improve taste or help food stay fresh, there are at least 4,650 
of these "generally recognized as safe" ingredients, according to the nonpartisan 
Pew Charitable Trusts. The bulk of them, at least 3,000, were determined 
GRAS by companies and trade associations.Caffeine is not a new ingredient, 
but Taylor says the FDA is concerned about all of the new 
ways it is being delivered to consumers. He said the agency will 
look at the potential impact these "new and easy sources" of caffeine 
will have on children's health and will take action if necessary. He 
said that he and other FDA officials have held meetings with some 
of the large food companies that have ventured into caffeinated products, 
including Mars Inc., of which Wrigley is a subsidiary.Wrigley and other 
companies adding caffeine to their products have labeled them as for adult 
use only. A spokeswoman for Wrigley, Denise M. Young, said the gum 
is for "adults who are looking for foods with caffeine for energy" 
and each piece contains about 40 milligrams, or the equivalent amount found 
in half a cup of coffee. She said the company will work 
with FDA."Millions of Americans consume caffeine responsibly and in moderation 
as part of their daily rout
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