Appointments and Executive Changes

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      Pete Hegseth Fires Adm. Lisa Franchetti, Navy’s Top Officer

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      Defense Secretary Pete Hegseth said on Friday that he was firing Admiral Lisa Franchetti, the first female officer to rise to the Navy’s top job of Chief of Naval Operations, and would be looking for her replacement.The announcement came in a statement emailed to reporters Friday night, shortly after President Trump said he was firing Gen. Charles Q. Brown Jr., the chairman of the Joint Chiefs of Staff.Mr. Hegseth said in his statement that he would also replace Gen. James C. Slife, the Air Force’s vice chief of staff, as well as the top uniformed lawyers for the Army, Navy and Air Force.Both Admiral Franchetti and General Slife “have had distinguished careers,” Mr. Hegseth said, adding “We thank them for their service and dedication to our country.”“Under President Trump, we are putting in place new leadership that will focus our military on its core mission of deterring, fighting and winning wars,” he added.According to her official biography, Admiral Franchetti received her commission in 1985 through the Naval Reserve Officer Training Corps program at Northwestern University, just seven years after the Navy ended its prohibition on women serving on ships at sea.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Elon Musk Is Focused on DOGE. What About Tesla?

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      Mr. Musk, one of President Trump’s main advisers, has not outlined a plan to reverse falling sales at the electric car company of which he is chief executive.Elon Musk’s role as President Trump’s cost-cutting czar and his immersion in right-wing politics appears to be diverting his attention from Tesla at a perilous moment for the electric car company.Tesla’s car sales fell 1 percent last year even as the global market for electric vehicles grew 25 percent. Mr. Musk has not addressed that underperformance, and he has offered no concrete plan to revive sales. He has also provided no details about a more affordable model Tesla says it will start producing this year. In the past, Mr. Musk spent months or years promoting vehicles before they appeared in showrooms.And he has spent much of his time since the election in Washington and at Mr. Trump’s home in Florida — far from Austin, Texas, where Tesla has its corporate headquarters and a factory, or the San Francisco Bay Area, where it has a factory and engineering offices.In the past decade or so, Tesla went from a struggling start-up to upending the global auto industry. The company sold millions of electric cars and generated huge profits, forcing established automakers to invest billions of dollars to catch up. Tesla’s success has been reflected in its soaring stock price, which helped make Mr. Musk the world’s richest person.But now, he seems to have lost interest in the grinding business of developing, producing and selling cars, investors and analysts say. That could have serious ramifications for his company and the auto industry, which employs millions of people worldwide.Even before he joined the Trump administration as the head of the Department of Government Efficiency, Mr. Musk’s running multiple companies had led investors and corporate governance experts to wonder whether he was spread too thin. Besides Tesla, Mr. Musk controls and runs SpaceX, whose rockets carry astronauts and satellites for NASA and others; X, the social media site; and xAI, which is developing artificial intelligence. And he wants to colonize Mars.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Trump Says DOGE Savings Could Be Returned to Taxpayers

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      President Trump said on Wednesday evening that the newly established Department of Government Efficiency might return a portion of the savings accrued through job cuts and other budget curbs to American taxpayers.The idea of giving back 20 percent of the money saved as a result of initiatives recommended by the new department, known as DOGE, is “under consideration,” said Mr. Trump. The potential initiative, he said, was “a new concept” under which his administration would give “20 percent of the DOGE savings to American citizens” and “20 percent goes to paying down debt.” (He didn’t mention what would be done with the other 60 percent of the money.)It was not immediately clear whether Mr. Trump was referring to paying off consumer debt or paying off the national debt, which currently stands at $36 trillion, but his comments suggested that he may have been talking about both. In January before Mr. Trump was inaugurated, Elon Musk, the entrepreneur who is leading DOGE, set expectations for cost cutting at $1 trillion.Mr. Trump provided scant details on the potential taxpayer returns, including on whether the proposal was even feasible or if he would need congressional approval. A White House spokesperson did not immediately respond to a request for comment.Mr. Trump made his remarks during an international investment conference in Miami Beach, Fla., hosted by the Future Investment Initiative, a Saudi Arabian foundation that promotes the kingdom’s economy and cultural priorities through a variety of annual events.The president spoke to a packed auditorium with an audience that featured Mr. Musk; Yasir al-Rumayyan, the governor of the Saudi Arabian sovereign-wealth fund; Princess Reema Bandar al-Saud, the Saudi Arabian ambassador to the United States; and Gianni Infantino, the president of FIFA, soccer’s global governing body.Mr. Trump praised the work that DOGE was doing, promising that the department would save “billions, hundreds of billions” of dollars in wasteful spending.And he stressed the importance of paying down debt.“If it were a real estate balance sheet, the debt is tiny, but we still want to pay it down,” he said.He added: “We don’t look at it as a piece of real estate. It’s America.” More

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      Who Are the 4 Key Officials Leaving City Hall?

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      Four deputy mayors in the Eric Adams administration — all respected veteran public servants — are resigning.On Monday, four of Mayor Eric Adams’s eight deputy mayors announced they would resign.In a City Hall tarnished by accusations of cronyism and corruption, the four departing deputy mayors stood out as well-regarded technocrats with decades of public service experience.It is unclear if their departures will lead to an exodus of the commissioners serving under them. Nor is it clear how Mr. Adams will replace them, or govern, moving forward.Here is a look at the four officials who resigned.Maria Torres-Springer, First Deputy MayorMaria Torres-Springer was named first deputy mayor last fall.Dave Sanders for The New York TimesWhen Mr. Adams named Maria Torres-Springer, 48, as first deputy mayor in October, longtime city government hands breathed a sigh of relief.In a City Hall racked by upheaval, Ms. Torres-Springer’s long, distinguished résumé promised managerial competence. Her prior positions included deputy mayor for housing, economic development and work force; commissioner of the New York City Department of Housing Preservation and Development; and president and chief executive of the New York City Economic Development Corporation.She played a pivotal role in developing the City of Yes zoning proposal, which the City Council passed in December, and which is designed to create up to 80,000 units of new housing in a city desperately short of it.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Judge Refuses to Immediately Reinstate Inspectors General Fired by Trump

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      A federal judge denied eight former inspector generals who were fired by President Trump immediate reinstatement to their jobs on Friday and excoriated their lawyers, saying that their emergency request had wasted the court’s limited time.The ruling by Judge Ana C. Reyes of the Federal District Court in Washington marked a rare victory for the Trump administration in the barrage of lawsuits that has followed its attempts to slash the federal work force, freeze funding, dismantle agencies and install officials loyal to the president. But it is not necessarily permanent: Judge Reyes criticized the case more on procedural than substantive grounds and allowed it to proceed on a less urgent schedule.Still, in a roughly 10-minute hearing scheduled just hours before it was held via a conference call, she repeatedly berated the plaintiffs’ lawyers for the manner in which they brought the case. She also faulted what she considered to be their weak arguments for immediately reinstating the eight inspectors general, who performed oversight of the Departments of Defense, State, Education, Agriculture, Labor, Veterans Affairs and Health and Human Services, as well as the Small Business Administration.At one point Judge Reyes, who was appointed by President Joseph R. Biden Jr., went as far as to threaten the plaintiffs with court sanctions if they did not immediately withdraw their emergency request so the case could proceed on a slower timeline. The plaintiffs initially refused, but eventually assented after further criticism from Judge Reyes.President Trump has moved swiftly to purge federal agencies in his first weeks in office, targeting many executive branch officials whose positions are supposed to be protected from being fired without cause. Inspectors general, who monitor their assigned agencies for fraud, waste and other misbehavior, are among those officials who have statutory restrictions on how they can be fired, ones that Congress tightened after Mr. Trump dismissed some inspectors general during his first term.The inspectors general in this case had argued that a judge’s order this week to temporarily reinstate another government watchdog — Hampton Dellinger, the head of the Office of Special Counsel — while that court challenge progresses had supported their own request to have the inspectors general immediately reinstated while their case proceeds.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      As Trump Attacks D.E.I., Wall Street Worries

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      Goldman Sachs will drop a demand that corporate boards of directors include women and members of minority groups as financial firms backpedal from D.E.I. promises.Wall Street has not typically been accused of doing too much for women and minority groups. The financial services industry, after all, is one in which more major banks are named after the Morgan family than led by a female chief executive.So it meant something over the past half-decade or so when the biggest names in finance said, over and over again, that they would pour dollars and effort into lending to, hiring, promoting and working with underserved communities.And it means something else now, as many of those much-promoted policies and practices are being scrubbed to be sure they don’t wind up in the cross hairs of the Trump administration’s campaign against diversity, equity and inclusion.The retreat includes white-collar investment banks, consultancies, mutual funds and stock exchanges. The latest was Goldman Sachs, which said on Tuesday that it would drop a quota that forced corporate boards of directors to include women and members of minority groups. Others on Wall Street are curtailing efforts to recruit Black and Latino employees.One international bank, BNP Paribas, even hit the brakes on programming new events for next month’s International Women’s Day.This pullback has thus far been less overt than, say, in the technology industry, whose executives have made public displays of their support for President Trump’s anti-diversity initiatives. And some financial firms had started to make changes long before the election — opening programs aimed at minority candidates to all, for example.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      36 Hours After Russell Vought Took Over Consumer Bureau, He Shut Its Operations

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      The agency had been one of Wall Street’s most feared regulators, with the power to issue rules on mortgages, credit cards, student loans and other areas affecting Americans’ financial lives.The day before Linda Wetzel closed on her retirement home in Southport, N.C., in 2012 — a cozy place where she could open the windows at night and catch an ocean breeze — the bank making the loan surprised her with a fee she hadn’t expected. Ms. Wetzel scoured her mortgage paperwork and couldn’t find the charge disclosed anywhere.Ms. Wetzel made the payment and then filed an online complaint with the Consumer Financial Protection Bureau. The bank quickly opened an investigation, and a month later, it sent her a $5,600 check.“My first thought was ‘thank you.’ I was in tears,” she recalled. “That money was a year or two of savings on my mortgage. It was my little nest egg.”Ms. Wetzel’s refund is a tiny piece of the work the bureau has done since it was created in 2011. It has clawed back $21 billion for consumers. It slashed overdraft fees, reformed the student loan servicing market, transformed mortgage lending rules and forced banks and money transmitters to compensate fraud victims.It may no longer be able to carry out that work.President Trump on Friday appointed Russell Vought, who was confirmed a day earlier to lead the Office of Management and Budget, as the agency’s acting director. Mr. Vought was an author of Project 2025, a conservative blueprint for upending the federal government that called for significant changes, including abolishing the consumer bureau.In less than 36 hours, Mr. Vought threw the agency into chaos. On Saturday, he ordered the bureau’s 1,700 employees to stop nearly all their work and announced plans to cut off the agency’s funding. Then on Sunday, he closed the bureau’s headquarters for the coming week. Workers who tried to retrieve their laptops from the office were turned away, employees said.The bureau “has been a woke & weaponized agency against disfavored industries and individuals for a long time,” Mr. Vought wrote Sunday on X. “This must end.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Devin Nunes, Pugnacious Trump Loyalist, to Lead Espionage Advisory Board

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      As chair of the House Intelligence Committee, he attacked the Russia inquiry and Donald J. Trump’s first impeachment. Now, Mr. Nunes runs Mr. Trump’s social media company.President-elect Donald J. Trump announced on Saturday that he would appoint Devin Nunes, a former member of Congress who had used his role as chairman of the House Intelligence Committee to try to delegitimize the Trump-Russia investigation, to head an independent advisory board on espionage policy.The organization — the President’s Intelligence Advisory Board — dates back to the early Cold War and consists of private citizens with top-level security clearances who are supposed to help the White House analyze spy agency effectiveness and planning. Its members do not need Senate confirmation, so presidents can pick whomever they want for it.In a statement, Mr. Trump praised Mr. Nunes — who is currently the chief executive of the Trump Media & Technology Group, which runs the Truth Social platform — for his counterinvestigation into the Trump-Russia inquiry in 2017-18, when Mr. Nunes led the House Intelligence Committee as a Republican congressman from California.“While continuing his leadership of Trump Media & Technology Group, Devin will draw on his experience as former chairman of the House Intelligence Committee, and his key role in exposing the Russia, Russia, Russia Hoax, to provide me with independent assessments of the effectiveness and propriety of the U.S. Intelligence Community’s activities,” Mr. Trump wrote in his announcement.Some members of the advisory board also serve on a presidential Intelligence Oversight Board, which was created in the 1970s after a congressional investigation into abuses by national security agencies and which tries to ferret out illegal spying activities. That group typically includes the larger board’s chair, so it is likely that Mr. Nunes will participate in it as well.The work products of the two boards are usually kept secret. A rare exception came in 2023, when the Biden administration publicly released a report in which the two panels urged Congress to extend an expiring law that authorizes a warrantless surveillance program, but also called for new limits on the F.B.I.’s ability to use information gathered under the program.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More