By Kevin Drawbaugh and Richard Cowan WASHINGTON (Reuters) - A Bush administration plan to rescue Fannie Mae (FNM.N: ) could cost U.S. taxpayers $25 billion, congressional budget analysts said on Tuesday as Congress worked to complete sweeping housing market legislation. In a report that initially sent the share prices of both companies tumbling, the nonpartisan Congressional Budget Office (CBO) questioned Treasury Secretary Henry Paulson's assurances that Fannie and Freddie would not need the support. Still CBO said there is a "probably better than 50 percent" chance that the proposed new Treasury authority would not be used before it expired at the end of December 2009. In that case, the proposed credit line and possible government equity investment would cost taxpayers nothing. But CBO added that any further worsening in...
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