The top executives at Fannie Mae and Freddie Mac traveled to Capitol Hill on Wednesday to defend the payment of millions of dollars in deferred salary and bonuses to senior leadership at their firms.

The hearing before the House Oversight Committee was somewhat upstaged by a similar hearing in the Senate a day earlier. Still, it marked the first public questioning of the two CEOs about the $12.8 million in bonuses and deferred salary paid last year to 10 top executives at their companies.

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