Photo: RJ Sangosti/Denver Post/Getty Images

Mark Calabria was confirmed by the Senate in a vote of 55-44 to serve as the new director of the Federal Housing Finance Agency, wherein his primary task will be to overhaul the whole system, reports Politico.

Why it matters: Calabria, who has been the top economic adviser to Vice President Mike Pence, will oversee mortgage giants Frannie Mae and Freddie Mac, in his new role. The U.S. government seized these 2 companies during a bailout in 2008, and President Trump signed a memorandum Wednesday asking for the companies to be removed from government oversight.

What they're saying:

  • Pence was quick to applaud the nomination of Calabria on Twitter, who, he said, will lead with "distinction."
  • Senate minority leader Chuck Schumer (D-N.Y.) called Calabria "a man who has said that 'extensive regulation' led to the financial crisis and 'bankers shouldn’t be blamed'!"
  • Sen. Sherrord Brown (D-Ohio) tweeted: "When discussing our housing system, our first goal has to be making it easier for Americans to afford housing. Nothing in Mark Calabria’s record indicates that he would put working families first if confirmed to lead @FHFA. The Senate must oppose his nomination."
  • Sen. Richard Shelby (R-Ala.) tweeted: "My former advisor, Mark Calabria, was just confirmed to serve as @FHFA director. This is excellent news for the #finance community in #AL & across the nation. I look forward to working w/ Mark in his new capacity as he uses his knowledge & experience to effectively lead the FHFA."

Go deeper

Two officers shot in Louisville amid Breonna Taylor protests

Police officers stand guard during a protest in Louisville, Kentucky. Photo: Ben Hendren/Anadolu Agency via Getty Images

Louisville Metro Police Department said two officers were shot downtown in the Kentucky city late Wednesday, just hours after a grand jury announced an indictment in the Breonna Taylor case.

Details: A police spokesperson told a press briefing a suspect was in custody and that the injuries of both officers were not life-threatening. One officer was "alert and stable" and the other was undergoing surgery, he said.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

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  1. Global: Total confirmed cases as of 1:30 a.m. ET: 31,779,835 — Total deaths: 975,104 — Total recoveries: 21,890,442Map.
  2. U.S.: Total confirmed cases as of 1:30 a.m. ET: 6,933,548 — Total deaths: 201,884 — Total recoveries: 2,670,256 — Total tests: 97,459,742Map.
  3. Health: CDC director says over 90% of Americans have not yet been exposed to coronavirus — Supply shortages continue to plague testing.
  4. Politics: Missouri Gov. Mike Parson tests positive for coronavirus — Poll says 51% of Republicans trust Trump on coronavirus more than the CDC.
  5. Technology: The tech solutions of 2020 may be sapping our resolve to beat the coronavirus
  6. Vaccines: Johnson & Johnson begins large phase 3 trial — The FDA plans to toughen standards.
  7. Sports: Less travel is causing the NBA to see better basketball.
  8. Future: America's halfway coronavirus response

"Not enough": Protesters react to no murder charges in Breonna Taylor case

A grand jury on Wednesday indicted Brett Hankison, one of the Louisville police officers who entered Breonna Taylor's home in March, on three counts of wanton endangerment for firing shots blindly into neighboring apartments.

Details: Angering protesters, the grand jury did not indict any of the three officers involved in the botched drug raid on homicide or manslaughter charges related to the death of Taylor.

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