In case you missed it, the weekend's big business news is that the Treasury may bail out ailing mortgage behemoths Fannie Mae and Freddie Mac.

In the past year both companies have suffered huge losses as a result of the mortgage crisis. The situation became critical last week with Freddie and Fannie's shares both plummeting to 16 year lows. In response, the Bush administration announced yesterday that it's proposing a huge rescue package to Congress that will provide both companies billions in government aid. So far there appears to be bipartisan support for the deal, although no official word yet on how things will go down.

This action by the Bush administration comes on the heels of the government's bail out of Bear Stearns last spring, which culminated in the sale of the investment bank to JP Morgan and has had a lasting impact on Wall Street.

While all this many not mean much for small business directly (although undoubtedly many of you are touched by Freddie and Fannie), this will almost certainly impact the markets this week. Stay tuned.