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Quango
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=== United States === Use of the term quango is less common in the United States, although many US bodies, including [[government-sponsored enterprise]]s, operate in the same fashion.<ref>{{Cite book|last=Watts|first=Duncan|title=Understanding US/UK Government and Politics|publisher=Manchester University Press|year=2003|location=Manchester|pages=321}}</ref> [[Paul Krugman]] has stated that the US [[Federal Reserve]] is, effectively, "what the British call a quango... Its complex structure divides power between the federal government and the private banks that are its members, and in effect gives substantial autonomy to a governing board of long-term appointees."<ref>Krugman, Paul R. (1997). ''The Age of Diminished Expectations: U.S. Economic Policy in the 1990s'', MIT Press, p. 99.</ref> Other U.S.-based organizations that fit the original definition of quangos include the [[National Center for Missing and Exploited Children]] (NCMEC), the [[National Endowment for Democracy]], the [[Federal National Mortgage Association]] (Fannie Mae) and the [[Federal Home Loan Mortgage Corporation]] (Freddie Mac). By the broader definition now used in the United Kingdom, there are hundreds of [[List of federal agencies in the United States|federal agencies]] that might be classed as quangos.
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