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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

52 mins ago - World

Former French President Sarkozy sentenced to jail for corruption

Nicolas Sarkozy, 2011. Photo: XINHUA/Gamma-Rapho via Getty Images

A court in Paris on Monday sentenced former French President Nicolas Sarkozy to one year in prison and a two-year suspended sentence after he was found guilty of trying to bribe a magistrate, AP reports.

Driving the news: Sarkozy, who was president from 2007 to 2012, is the first president in France’s modern history to have gone on trial for corruption, per AP. He was charged with corruption and influence-peddling.

Kendall Baker, author of Sports
1 hour ago - Sports

Canceled NFL Scouting Combine puts 40-yard-dashes on the backburner

John Ross during his record-setting dash of 4.22 seconds in 2017. Photo: Joe Robbins/Getty Images

Top NFL prospects would normally be gathering in Indianapolis this week for the annual Scouting Combine. But due to the pandemic, this year's event has been canceled.

What they're saying: No combine means no 40-yard dash times making headlines. Former scout and current NFL Network analyst Daniel Jeremiah thinks that could be a glimpse of the future:

2 hours ago - Health

J&J CEO "absolutely" confident in vaccine distribution goals

Johnson & Johnson CEO Alex Gorsky said Monday that he is "absolutely" confident that the company will be able to meet its distribution goals, which include 100 million doses by June and up to a billion by the end of 2021.

Driving the news: J&J is already in the process of shipping 3.9 million doses this week, just days after the FDA issued an emergency use authorization for the one-shot vaccine. Gorsky said he expects vaccines to be administered to Americans "literally within the next 24 to 48 hours."