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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
at could eventually affect 
our national security in the short term," the source said. "And we're 
not talking midterm or long-term, this is the short-term."The source said 
"it's a daily frustration."Another threat is a larger terrorist haven that 
continues to build in parts of Libya and North Africa. Those working 
the region in the interest of U.S. security say the ball is 
being dropped by top leaders at the White House, Pentagon and State 
Department."Benghazi, the second-highest population of foreign fighters, 
and the war in Iraq came from Benghazi, second to Saudi Arabia, 
so we are talking about a historic location and region that has 
fed foreign fighters to kill Americans, and kill other coalition forces," 
one source said."The analysts, the intelligence experts all say the same 
thing, that if we just ignore the situation as it presents itself, 
eventually it will be another invasion will have to take place for 
us to eventually turn the tide."He says the region also remains a 
weapons hub after the overthrow of former leader Muammar Qaddafi in 2011, 
which saw massive stockpiles of weapons in Libya move freely across the 
Mediterranean and in many cases into Syria. While the U.S. has claimed 
a more active role to find and remove an estimated 20,000 shoulder-launched 
missiles called MANPADS, some Americans working the area say they aren't 
allowed to take or even destroy the missiles because they have not 
been given the authority from thei

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