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Fannie and Freddie losses hit $226 billion

The government backed mortgage finance companies have burnt through $226bn in capital since the middle of 2007. The majority of those losses, or about $166bn, came from guaranteeing loans on single family homes, according to the first in what will be a series of quarterly reports from the Federal Housing Finance Agency, which regulates Fannie Mae (which is headquartered in Washington, DC ) and Freddie Mac (which is headquartered in Tysons Corner, VA).

Ballooning losses at Fannie and Freddie, which have taken $148bn in government aid to stay afloat have become a subject of intense debate in Washington. Most of the decision makers agree that the government needs to continue to provide some kind of guarantee to backstop home loans as well as stem the rising tide of foreclosures, but what form that should take is still up for debate.

Plan To Privatize Liquor Stores Revealed

FAIRFAX, Va. (WUSA) -- Virginia Governor Bob McDonnell has released details of his plan to privatize the liquor industry.
He says the state can raise $500 million by selling the 332 ABC stores Virginia owns.

Then he says the state can pull in $230 million annually by auctioning off 1,000 liquor licenses, the bulk of which will go to grocery and discount stores. Small stores and pharmacies will get the rest. He wants the money raised to go to local highway congestion relief projects.

"I like the idea of privatizing. And if it really does bring back money to the community, then I think it's a good idea," said Ginger Henney of Fairfax.

The plan reserves 600 licenses for large outlets such as grocery and discount stores. It reserves 250 for small mom-and-pop shops and another 150 for small-scale sales in pharmacies.

Firefighters Surpass MDA Collection Goal

Did you see Firefighters collecting cash and change in fire boots last weekend? Did you donate any funds? If so, you were helping Fairfax County Fire and Rescue exceed their goal in raising funds to fight Musclar Dystrophy!

This was sent to us by Fairfax County Fire and Rescue Department:

Fairfax County Fire and Rescue Department firefighters handily exceeded their goal of collecting $475,000 for the Muscular Dystrophy Association (MDA) and the "Fill the Boot" campaign over the Labor Day weekend. Firefighters, the International Association of Fire Fighters Local 2068, and the Department of Public Safety Communications personnel collected more than $561,000, taking in more donations than any fire service organization in the country, surpassing the Houston Fire Department, last year's top collector.   

Fairfax County Schools Drop Chocolate Milk, Nuggets, Corn Dogs

FAIRFAX, Va. (WUSA) - Fairfax County elementary school students will no longer be able to buy chocolate milk in school cafeterias. It's one of several new recommendations to make school food healthier, according to the Fairfax County Public Schools.

"They don't need all that sugar and calories. No child does," says Penny McConnell, Director of FCPS Food and Nutrition Services.

Not all parents are happy about this new decision. Some worry if there's no chocolate milk, their children won't drink any milk. McConnell says if kids won't drink fat free milk, they can drink water.

But some parents support the decision. "Chocolate milk is only for special occasions. It's like a milkshake, not for everyday," said Monika Sibert.

McConnell and her team have also taken corn dogs and chicken nuggets off the menu because they're too high in fat. More meaty, less breading chicken tenders are still available and so are low fat hot dogs on a whole wheat bun.

Police Investigate Possible Sexual Assault

FAIRFAX CO., Va. (WUSA) -- Police are investigating a possible sexual assault at a bus stop located at La Vista Drive and Franconia Road.

A passing jogger found the woman and called police. 

Police say the victim was taken to the hospital, but there is no word on the severity of her injuries.

One westbound lane on Franconia Road is blocked at La Vista Drive.

Top 20 Comedian at George Mason University

On Thursday, September 14, comedian Steve Hofstetter will be appearing at George Mason University's Fairfax campus. Former columnist for Sports Illustrated and the NHL, Hofstetter has been on The Late Late Show with Craig Fergunson and E! True Hollywood Story, Comedy All-Stars, White Boyz in the Hood, Quite Frankly, and many more shows. His second album was #20 on the comedy charts and he performs 300 live shows a year. Now is your chance to catch Hofstetter live in Fairfax, VA!

GMU is likely to hold new dodgeball game Guinness World Record

WASHINGTON, DC (WUSA)-- Oh My GOFF! Angie Goff asks did they do it, did George Mason smash the dodgeball world record? In attempt to break the Guinness World record for the biggest game of Dodge Ball, school officials report that more than 1,500 came and 1,257 participated in the game. 

MORE: Mason awaits official title from Guinness