Confirmation hearings

Pence's economic adviser to lead home financing overhaul

Federal housing
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.

Barr confirmation hearing highlights Big Tech antitrust fears

Illustration: Sarah Grillo/Axios

U.S. Attorney General nominee Bill Barr was asked repeatedly about antitrust issues as they may relate to big technology companies, during his confirmation hearings this week.

Why it matters: Former Attorney General Jeff Sessions wasn't asked any similar questions during his confirmation hearings just two years ago. In fact, he was only asked two total questions related to antitrust, and there were zero mentions of Amazon, Facebook or Google.