Treasury Secretary Tim Geithner on Wednesday defended the administration's decision not to outline a plan for the future of Fannie Mae and Freddie Mac until 2011, saying it was focused on other issues.

"We are doing a lot of things," Geithner told lawmakers at a hearing. "We've just got a lot going on, and we just thought to do it well and to do it carefully, do it right, we wanted to go through a process of more careful reflection.

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