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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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      Judge to Consider Restricting Musk Team’s Access to Education Dept. Data

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      A federal judge in Washington will consider a legal challenge on Tuesday against the Education Department, which is seeking to bar Elon Musk and his team from gaining access to its data systems.The lawsuit, brought by two legal groups representing the University of California Student Association, sought to restrict Mr. Musk’s associates from combing through the Education Department’s data because of privacy concerns, given the personal identifying information that students routinely disclose when applying for federal aid.Mr. Musk’s team, part of the so-called Department of Government Efficiency, has been operating in the Education Department for more than a week. They were added to the agency’s staff directory and have been working from the top floor of its main building in Washington.President Trump’s appointees have also briefed staff members at the Education Department that Mr. Musk’s team will scrutinize the agency’s budget and operations. They warned various offices in the Education Department to expect some upheaval in connection to the review, according to recordings obtained by The Times.Mr. Musk’s cost-cutting team, which has taken the lead in shuttering other agencies such as U.S.A.I.D. and slashing government programs, said on Monday that the Education Department had “terminated” 89 contracts and 29 grants associated with diversity and equity training.A spokesman for the Education Department did not elaborate on what programs or grants it ostensibly gave the order to suspend, referring reporters to a social media post from the account associated with Mr. Musk’s efforts.The cuts announced on Monday appeared to mostly affect the Education Department’s research arm, the Institute of Education Sciences. The division produces and curates research on best practices in education and relies heavily on contractors to carry out its work. More

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      Vance, in First Foreign Speech, Tells Europe That U.S. Will Dominate A.I.

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      Speaking in Paris at an artificial intelligence summit, the vice president gave an America First vision of the technology — with the U.S. dominating the chips, the software and the rules.Vice President JD Vance told European and Asian leaders in Paris on Tuesday that the Trump Administration was adopting an aggressive, America First approach to the race to dominate all the building blocks of artificial intelligence, and warned Europeans to dismantle regulations and get aboard with Washington.On his first foreign trip since taking office, Mr. Vance used his opening address at an A.I. summit meeting hosted by France and India to describe his vision of a coming era of American technological domination. Europe, he said, would be forced to chose between using American-designed and manufactured technology or siding with authoritarian competitors — a not-very-veiled reference to China — who would exploit the technology to their detriment.“The Trump administration will ensure that the most powerful A.I. systems are built in the U.S. with American design and manufactured chips,” he said, quickly adding that “just because we are the leader doesn’t mean we want to or need to go it alone.”But he said that for Europe to become what he clearly envisions as a junior partner, it must eliminate much of its digital regulatory structure — and much of its policing of the internet for what its governments define as disinformation.For Mr. Vance, who is on a weeklong tour that will take him next to the Munich Security Conference, Europe’s premier meeting of leaders, foreign and defense ministers and others, the speech was clearly intended as a warning shot. It largely silenced the hall in a wing of the Grand Palais in the center of Paris. Leaders accustomed to talking about “guardrails” for emerging artificial intelligence applications and “equity” to assure the technology is available and comfortable for underserved populations heard none of those phrases from Mr. Vance.He spoke only hours after President Trump put new 25 percent tariffs on foreign steel, essentially negating trade agreements with Europe and other regions. Mr. Vance’s speech, precisely composed and delivered with emphasis, seemed an indicator of the tone Mr. Trump’s national security leaders plan to take to Europe this week.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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      Deb Haaland, Ex-Interior Secretary, Is Running for Governor of New Mexico

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      Ms. Haaland, one of the first former cabinet officials in the Biden administration to announce a run for office, would be the first Native American woman to serve as governor of a state.Deb Haaland, the former secretary of the Interior who was the first Native American to serve in a presidential cabinet, on Tuesday announced a bid for governor of New Mexico.Ms. Haaland, a Democrat, previously served as a congresswoman from the state. She is widely seen as a favorite to succeed Gov. Michelle Lujan Grisham, who is not running again in 2026 because of term limits.Ms. Haaland, 64, a member of the Laguna Pueblo, would be the first Native American woman to serve as governor of a state. Her campaign described her as a “35th generation” New Mexican.She is one of the first top alumni of President Joseph R. Biden Jr.’s administration to announce a run for office since Democrats lost power.This article will be updated. More

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      Mace Takes to House Floor With Charges of Rape and Sexual Predation

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      The South Carolina Republican used her floor privileges to lodge shocking accusations against her former fiancé and three other men.Representative Nancy Mace, the South Carolina Republican who in recent weeks has floated a run for governor, on Monday night accused her former fiancé and three other men of having drugged and raped her and other women, and of filming and taking lewd photographs of women and underage girls without their consent.In a stunningly graphic speech on the House floor that had little precedent, Ms. Mace said the men, whom she named and displayed photographs of on a placard where lawmakers more typically display charts and graphs on policy issues, were involved in the “premeditated, calculated exploitation of innocent women and girls in my district.”“You’ve booked yourself a one-way ticket to hell,” she said, referring to the men directly at one point in a speech that lasted close to an hour. “It is nonstop. There are no connections. So I and all of your victims can watch you rot into eternity.”On the floor of the House, Ms. Mace was protected by the speech and debate clause, even as she accused the men of repeatedly assaulting incapacitated women and filming it. The clause provides lawmakers immunity from criminal prosecutions or civil suits, such as for slander, when they are acting “within the legislative sphere.” Ms. Mace offered no evidence to support the accusations, although she said she had plenty of such material.She refused to answer any follow-up questions from reporters outside the Capitol on Monday night and did not respond to a separate request to provide corroboration. The New York Times has not independently verified any of the allegations.In a statement not long after Ms. Mace finished speaking, Patrick Bryant, the former fiancé whom she accused by name, denied her account.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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      Hochul Halts Bill Aimed at Weakening Republican Control of House

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      Lawmakers were ready to pass a bill to delay a special election in New York State, but Gov. Kathy Hochul, who is in discussions with President Trump on congestion pricing, sidelined it.Gov. Kathy Hochul of New York pressured state legislative leaders on Monday to call off a vote on a bill designed to hobble Republicans’ House majority, frustrating fellow Democrats who were prepared to approve it.Neither Ms. Hochul nor leaders of the State Senate or Assembly gave any public explanation for the 11th-hour postponement. But in private conversations, the governor told them she was seeking to gain leverage in separate negotiations with President Trump over the future of the state’s new congestion pricing program, according to two officials familiar with the matter.If lawmakers had followed through, the vote would almost certainly have antagonized Mr. Trump by giving Ms. Hochul the power to delay until November a special election to fill the House seat that will be vacated by Representative Elise Stefanik, Republican of New York, Mr. Trump’s chosen U.N. ambassador, when she is confirmed by the Senate. A monthslong vacancy would deprive House Republicans of a crucial vote as they try to muscle Mr. Trump’s legislative agenda through Congress.Republicans currently control 218 seats in the House, including Ms. Stefanik’s in New York’s North Country, to the Democrats’ 215. (Republicans are expected to pick up two more seats in Florida in special elections in April.)It was not immediately clear if Mr. Trump had expressed dissatisfaction about the bill to the governor, causing her to call off the vote on the special election timing, or if Ms. Hochul was being strategic by wanting to hold a bargaining chit in their talks about congestion pricing. A spokesman for Ms. Hochul declined to comment.The governor’s intervention threw the future of the special election proposal into doubt and risked alienating a key ally: Representative Hakeem Jeffries of New York, the top House Democrat who had been aggressively lobbying the governor and state lawmakers to adopt 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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      Democrats Don’t Need a Perfect Message Against Trump, They Need to Show Some Fight

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      I asked Senator Chuck Schumer what Americans want from Democrats right now.“They want us to beat Trump and stop this shit,” he told me. “And that’s what we’re doing.”It was a welcome sign of life. For three weeks now, President Trump and the world’s richest man have ransacked from within a democracy that took 250 years to build. The country faces a second crisis: an opposition party that doesn’t seem to know how to respond.With no obvious party standard-bearer, the job of leading Washington Democrats in the second Trump era has fallen largely to Mr. Schumer and Representative Hakeem Jeffries, the minority leaders of the Senate and the House. It’s been a rocky start.Mr. Schumer and Mr. Jeffries are seasoned dealmakers. But in the minority and facing a president bent on laying waste to the very meaning of the U.S. Congress, both men have struggled to shed the familiar rhythms of business as usual.On Monday, they sent letters to congressional Democrats about using litigation and oversight inquiries to fight Mr. Trump’s agenda. There was some substance. But it’s hard to convey that America is in peril through a letter.Last week they touted a bill from House Democrats aimed at barring Elon Musk from having access to the Treasury Department’s payment system, even though it was clear — at least to state attorneys general who have sued — that Mr. Musk’s access violated the Constitution as well as existing laws, including the Privacy Act of 1974. At times, Mr. Jeffries has sounded like someone who has given up. “What leverage do we have?” he told reporters at his weekly news conference on Friday. “They control the House, the Senate and the presidency. It’s their government.”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 Muses About a Third Term, Over and Over Again

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      The president’s suggestion that he would seek to stay in office beyond the constitutional limit comes as he has pushed to expand executive authority.Standing inside the Capitol for the National Prayer Breakfast on Thursday, President Trump declared his plans to resurrect an idea he had in his first term: to create a national garden filled with statues of notable Americans.The choice of who would be included would be “the president’s sole opinion,” Mr. Trump said, chuckling. And he was giving himself “a 25-year period” to make the selections.A short time later, at a breakfast at a Washington hotel, Mr. Trump flicked again at the prospect that his time in office could extend beyond two four-year terms.“They say I can’t run again; that’s the expression,” he said. “Then somebody said, I don’t think you can. Oh.”At the National Prayer Breakfast on Thursday, Mr. Trump spoke of giving himself a “25-year period” to choose statues for a national garden.Eric Lee/The New York TimesJust eight days after he won a second term, Mr. Trump — whose supporters attacked the U.S. Capitol on Jan. 6, 2021, in an effort to prevent Joseph R. Biden Jr.’s victory from being certified — mused about whether he could have a third presidential term, which is barred by the Constitution.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