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Fannie Mae Regulator Puts 35 Workers on Leave

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Fannie Mae Regulator Puts 35 Workers on Leave

The newly appointed head of one of the nation’s top housing regulators is moving quickly to reshape not only the agency but also Fannie Mae and Freddie Mac, the two government-controlled mortgage finance giants he oversees.

The Federal Housing Finance Agency, now under the direction of William Pulte, placed 35 unionized employees on administrative leave over the past two days, according to an email sent to members on Wednesday evening by the National Treasury Employees Union. The email, which was reviewed by The New York Times, said there had been no advance notice for the employees, who work in consumer protection, equal opportunity and research units.

In a statement, the housing regulator said, “We are streamlining our Agency and its naming conventions, but F.H.F.A. will continue to follow all mandated laws.”

The regulator appears to be among the many federal agencies that are taking steps to comply with the Trump administration’s aim to cut costs by reducing the size of the government work force. The pace and scale of the cutbacks have sparked protests from employees and legislators.

Gray Kimbrough, an F.H.F.A. economist who was not among the affected employees, said in a social media post on Wednesday that those placed on leave had been rushed out of the building and given no time to pack up their personal items.

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The National Treasury Employees Union represents about 500 of the more than 600 employees at the housing regulator, which oversees Fannie Mae and Freddie Mac, the mortgage finance firms that have been under the control of the federal government since the 2008 financial crisis.

Fannie and Freddie do not write mortgages but they are critical players in the nation’s $12 trillion mortgage market. The firms buy mortgages from banks and package them into bonds that are sold to institutional investors and insured against a default of the underlying loans. This helps keep the mortgage market running by freeing up capital for banks to write more home loans.

On Monday, Mr. Pulte ousted 14 board members at Fannie Mae and Freddie Mac, and named himself chairman of the boards at both companies, which together employ roughly 15,000 nonunion workers. He sent an email on Wednesday to Freddie employees notifying them that they would be expected to work in the office five days a week beginning May 1. Employees at Fannie received an email on Thursday informing them they would soon be notified about a new return-to-office policy. Copies of both emails were reviewed by The Times.

Mr. Pulte, an heir of the founder of PulteGroup, one of the largest American home builders, began his new job with a promise to work to make home-buying more affordable. Mr. Pulte said he would “ensure that the dream of homeownership becomes a reality for as many Americans as possible,” in a news release announcing his swearing-in as director of the housing regulator.

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Contributor: The last shreds of our shared American culture are being politicized

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Contributor: The last shreds of our shared American culture are being politicized

At a time when so many forces seem to be dividing us as a nation, it is tragic that President Trump seeks to co-opt or destroy whatever remaining threads unite us.

I refer, of course, to the U.S. men’s Olympic hockey team winning gold: the kind of victory that normally causes Americans to forget their differences and instead focus on something wholesome, like chanting “USA” while mispronouncing the names of the European players we defeated before taking on Canada.

This should have been pure civic oxygen. Instead, we got video of Kash Patel pounding beers with the players — which is not illegal, but does make you wonder whether the head of the Federal Bureau of Investigation has a desk somewhere with neglected paperwork that might hold the answers to the D.B. Cooper mystery.

Then came the presidential phone call to the men’s team, during which Trump joked about having to invite the women’s team to the State of the Union, too, or risk impeachment — the sort of sexist humor that lands best if you’re a 79-year-old billionaire and not a 23-year-old athlete wondering whether C-SPAN is recording. (The U.S. women’s hockey team also brought home the gold this year, also after beating Canada. The White House invited the women to the State of the Union, and they declined.)

It’s hard to blame the players on the men’s team who were subjected to Trump’s joke. They didn’t invite this. They’re not Muhammad Ali taking a principled stand against Vietnam, or Tommie Smith and John Carlos raising fists for Black power at the Olympics in 1968, or even Colin Kaepernick protesting police brutality by kneeling during the national anthem. They’re just hockey bros who survived a brutal game and were suddenly confronted with two of the most powerful figures in the federal government — and a cooler full of beer.

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When the FBI director wants to hang, you don’t say, “Sorry, sir, we have a team curfew.” And when the president calls, you definitely don’t say, “Can you hold? We’re trying to remain serious, bipartisan and chivalrous.” Under those circumstances, most agreeable young men would salute, smile and try to skate past it.

But symbolism matters. If the team becomes perceived as a partisan mascot, then the victory stops belonging to the country and starts belonging to a faction. That would be bad for everyone, including the team, because politics is the fastest way to turn something fun into something divisive.

And Trump’s meddling with the medal winners didn’t end after his call. It continued during Tuesday night’s State of the Union address, when Trump spent six minutes honoring the team, going so far as to announce that he would award the Presidential Medal of Freedom to goalie Connor Hellebuyck.

To be sure, presidents have always tried to bask in reflected glory. The main difference with Trump, as always, is scale. He doesn’t just associate himself with popular institutions; he absorbs them in the popular mind.

We’ve seen this dynamic play out with evangelical Christianity, law enforcement, the nation of Israel and various cultural symbols. Once something gets labeled as “Trump-adjacent,” millions of Americans are drawn to it. However, millions of other Americans recoil from it, which is not healthy for institutions that are supposed to serve everyone. (And what happens to those institutions when Trump is replaced by someone from the opposing party?)

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Meanwhile, our culture keeps splitting into niche markets. Heck, this year’s Super Bowl necessitated two separate halftime shows to accommodate our divided political and cultural worldviews. In the past, this would have been deemed both unnecessary and logistically impossible.

But today, absent a common culture, entertainment companies micro-target via demographics. Many shows code either right or left — rural or urban. The success of the western drama “Yellowstone,” which spawned imitators such as “Ransom Canyon” on Netflix, demonstrates the success of appealing to MAGA-leaning viewers. Meanwhile, most “prestige” TV shows skew leftward. The same cultural divides now exist among comedians and musicians and in almost every aspect of American life.

None of this was caused by Trump — technology (cable news, the internet, the iPhone) made narrowcasting possible — but he weaponized it for politics. And whereas most modern politicians tried to build broad majorities the way broadcast TV once chased ratings — by offending as few people as possible — Trump came not to bring peace but division.

Now, unity isn’t automatically virtuous. North Korea is unified. So is a cult. Americans are supposed to disagree — it’s practically written into the Constitution. Disagreement is baked into our national identity like free speech and complaining about taxes.

But a functioning republic needs a few shared experiences that aren’t immediately sorted into red and blue bins. And when Olympic gold medals get drafted into the culture wars, that’s when you know we’re running out of common ground.

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You might think conservatives — traditionally worried about social cohesion and anomie — would lament this erosion of a mainstream national identity. Instead, they keep supporting the political equivalent of a lawn mower aimed at the delicate fabric of our nation.

So here we are. The state of the union is divided. But how long can a house divided against itself stand?

We are, as they say, skating on thin ice.

Matt K. Lewis is the author of “Filthy Rich Politicians” and “Too Dumb to Fail.”

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Video: Hillary Clinton Denies Ever Meeting Jeffrey Epstein

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Video: Hillary Clinton Denies Ever Meeting Jeffrey Epstein

new video loaded: Hillary Clinton Denies Ever Meeting Jeffrey Epstein

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Hillary Clinton Denies Ever Meeting Jeffrey Epstein

The former first lady, senator and secretary of state, Hillary Clinton, told congressional members in a closed-door deposition that she had no dealings with Jeffrey Epstein.

“I don’t know how many times I had to say I did not know Jeffrey Epstein. I never went to his island. I never went to his homes. I never went to his offices. So it’s on the record numerous times.” “This isn’t a partisan witch hunt. To my knowledge, the Clintons haven’t answered very many questions about everything.” “You’re sitting through an incredibly unserious clown show of a deposition, where members of Congress and the Republican Party are more concerned about getting their photo op of Secretary Clinton than actually getting to the truth and holding anyone accountable.” “What is not acceptable is Oversight Republicans breaking their own committee rules that they established with the secretary and her team.” “As we had agreed upon rules based on the fact that it was going to be a closed hearing at their demand, and one of the members violated that rule, which was very upsetting because it suggested that they might violate other of our agreements.”

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The former first lady, senator and secretary of state, Hillary Clinton, told congressional members in a closed-door deposition that she had no dealings with Jeffrey Epstein.

By Jackeline Luna

February 26, 2026

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Vulnerable House Dem lashes out at Trump’s ‘racist’ SOTU challenge: ‘That was uncomfortable’

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Vulnerable House Dem lashes out at Trump’s ‘racist’ SOTU challenge: ‘That was uncomfortable’

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Rep. Janelle Bynum, D-Ore., called a challenge from President Donald Trump at the 2026 State of the Union “racist” when he asked listeners to stand if they agreed the U.S. should prioritize the safety of its own citizens over illegal aliens.

“If you agree with this statement, then stand up and show your support,” Trump said.

“The first duty of the American government is to protect American citizens, not illegal aliens.”

Democrats remained seated for over a minute and a half as the Republican side of the chamber burst into prolonged applause.

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President Donald Trump pictured ahead of his 2026 State of the Union Address on Feb. 24, 2026. (Kenny Holston-Pool/Getty Images)

After the address, Bynum, who is on the National Republican Congressional Committee’s list of vulnerable Dem incumbents, said the moment made her uneasy.

“I think you can agree with the ‘what’ — like standing up for American citizens,” Bynum said. “But I disagree with the ‘how.’”

“There’s thinly veiled racist language, anti-immigrant language in what he was asking, and that was uncomfortable,” Bynum said.

Bynum’s office did not immediately respond to a request for comment on how Trump’s challenge had asked lawmakers to discriminate on the basis of race. 

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TRUMP SHAMES DEMOCRATS IN VIRAL STATE OF THE UNION CHALLENGE ON MIGRANT CRIME: ‘FIRST DUTY’

Trump’s remarks to Democrats on Tuesday came as a partial government shutdown drags on over demands Democrats have made to reform the agency at the heart of Trump’s immigration crackdown.

Rep. Janelle Bynum, D-Ore., left, pictured alongside President Donald Trump, right. (Bill Clark/CQ-Roll Call, Inc via Getty Images; Craig Hudson For The Washington Post via Getty Images)

Democrats are demanding a set of 10 enforcement reforms for Immigration and Customs Enforcement (ICE) and won’t vote to fund the Department of Homeland Security (DHS) until Republicans meet their demands.

DHS, which oversees ICE, went into a shutdown on Feb. 14.

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DHS SHUTDOWN DRAGS INTO WEEK TWO AS IRAN THREAT, SOTU CLASH COMPLICATE HILL TALKS

Among other changes, Democrats are looking for a ban on masks, an end to roaming patrols, visible identification and stiffer warrant requirements for arresting illegal aliens in public.

Republicans have dismissed those demands, arguing that Democrats must first pass legislation to restrict “sanctuary cities” — local communities that have instructed their law enforcement not to cooperate with federal agents on immigration apprehensions and deportations.

DHS Agents in Charlotte, North Carolina on a mission. (Ryan Murphy/Getty Images)

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In a press release after the State of the Union, Bynum, who voted against DHS earlier this year, listed Trump’s framing of his immigration crackdown among her many critiques of the address.

“Tonight, I watched President Trump spend the majority of his speech lying about the state of our economy, demonizing immigrants and spewing more of the same divisive BS. I can’t say I’m surprised,” she wrote.

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