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Trump Eyes Cuts to Top Spy Agency as He Sweeps Aside Iran Intel

Trump Eyes Cuts to Top Spy Agency as He Sweeps Aside Iran Intel

Yahoo5 hours ago

(Bloomberg) -- President Donald Trump is pressing ahead with plans to slash staff at the top US spy agency, determined to act at a time when he's openly challenged its director and rejected intelligence findings that contradict his public statements.
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Trump has openly discussed dismantling the Office of the Director of National Intelligence, including when he nominated Tulsi Gabbard to lead it, according to people familiar with the situation, who asked not to be identified discussing private matters. He's floated the idea again more recently, they said.
Trump and members of his cabinet also appear to be pushing Gabbard to the sideline to work with Central Intelligence Agency Director John Ratcliffe on intelligence matters instead, other people familiar with the matter said.
The deliberations to cut ODNI were already in motion before Trump rejected Gabbard's assessment that Iran wasn't actively seeking a nuclear bomb and then clashed with the intelligence community this week over early findings that suggested his strike on the country's nuclear sites didn't fully destroy them.
The White House denied Gabbard is being sidelined.
'President Trump has full confidence in his entire exceptional national security team,' White House spokesman Steven Cheung said. 'DNI Gabbard is an important member of the President's team and her work continues to serve him and this country well.'
Gabbard has already reduced staff by about 25% and has been in discussions for months with Congress to map out deeper cuts, another one of the people said. The former Democratic Congresswoman won Senate backing for the job in February in part due to her pledges to slim down the organization.
Many of those existing departures at ODNI were part of Elon Musk's cost-cutting efforts with staff opting into buyouts, two of the people said. The reduction includes both ODNI officers and detailees who will be returned to their home agencies.
Officials from both parties concede that the ODNI has become too bloated over the years and that the agency often duplicates work carried out by the independent intelligence agencies it oversees. At Gabbard's confirmation hearing in January, Senator Tom Cotton, a Republican from Arkansas who leads the intelligence committee, said the agency's staff are 'measured in the thousands, when it should be measured in the dozens, maybe a few hundred.'
On Friday, Cotton introduced legislation that would cap ODNI staff at 650. While exact staffing is classified, that's a third of the estimated 2,000 people it's believed to employ now.
'Created after the September 11th attacks, ODNI was intended to be a lean organization to align America's intelligence resources and authorities, not the overstaffed and bureaucratic behemoth that it is today, where coordinators coordinate with other coordinators,' Cotton said in a statement.
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In recent weeks, Trump has said Gabbard and the intelligence community were 'wrong' about the assessment that Iran wasn't seeking a nuclear weapon. She later said she and the president were on the same page, pointing to her previous comments that Iran's enriched uranium had reached unprecedented levels.
Gabbard also didn't participate in an administration briefing to lawmakers on the Iran strikes this week, according to Senator Chris Murphy, a Connecticut Democrat. A senior administration official declined to comment on why she didn't attend the Iran briefing but said the media was turning the issue into something it wasn't.
That briefing came about after the White House slammed the leak of a preliminary report from the Defense Intelligence Agency that said strikes on Iran's nuclear facility may not have been as extensive as Trump claimed. White House Press Secretary Karoline Leavitt posted on X Tuesday that the intelligence finding of limited impact was 'flat-out wrong.'
The confrontation with the intelligence community has echoes of Trump's first term when his antagonistic comments were largely driven by the agencies' warnings that Russia meddled in the 2016 election in his favor. He accused the 'deep state' of being 'weaponized' against him and his allies. In 2018, he sided with Russian President Vladimir Putin over his own agencies' assessments of Moscow's election interference.
Gabbard has had her own clashes with the intelligence community and has sought to root out 'politicization' by referring intelligence officers for prosecution over alleged leaks of classified information. Two top officials from the National Intelligence Council were reportedly fired in May after the release of a declassified memo that contradicted Trump's basis for deporting alleged Venezuelan gang members.
'The contentious relationship never went away,' Larry Pfeiffer, a former senior CIA officer now leading the Michael V. Hayden Center at George Mason University, said of Trump. 'He just does not fundamentally trust people in the intel community. He thinks they're out to get him.'
Unlike with the National Security Council — which the White House dramatically shrank overnight in May — Trump could face challenges in unilaterally closing down ODNI which was created by Congress after intelligence failures following the Sept. 11, 2001 terrorist attacks.
Jane Harman, a former Democratic congresswoman from California who helped lead the legislation that established ODNI in 2004, said she would welcome 'an intelligent effort' to reform the size of the staff, but warned that being able to coordinate across government was particularly important in the aftermath of Trump's strikes on Iran.
'We need the biggest lens we could have with different disciplines all working and coordinated together,' she said. 'Having a way to connect the dots is still valid.'
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President Donald J. Trump Calls on LindellTV Lady in Red Reporter, Cara Castronuova of Mike Lindell Media Corp. OTC: (MLMC) in the White House Briefing Room
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University of Virginia president, pressured over DEI, resigns rather than 'fight federal government'
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University of Virginia president, pressured over DEI, resigns rather than 'fight federal government'

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Best money market account rates today, June 27, 2025 (up to 4.41% APY return)
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Find out which banks are offering the best MMA rates right now. The Federal Reserve cut the federal funds rate three times in 2024 for a total reduction of one percentage point. As a result, deposit interest rates — including money market account rates — have been falling. It's more important than ever to compare MMA rates and ensure you earn as much as possible on your balance. Although money market account rates are elevated by historical standards, the national average rate for MMAs is just 0.62%, according to the FDIC. The good news: Top high-yield money market accounts offer well over 4% APY — more than six times the national average. That's why it's important to shop around before opening a money market account. Interest rates vary widely, but there are several banks (in particular, online banks) and credit unions with highly competitive offers. Here's a look at some of the top MMA rates available today:Additionally, the table below features some of the best savings and money market account rates available today from our verified partners. Online banks operate exclusively via the web. This significantly reduces their overhead costs, so they're able to pass those savings onto customers in the form of high deposit rates and low fees. If you're searching for the best money market account rates, online banks are a great place to start. That said, online banks aren't the only place you can find savings accounts with rates of 4% to 5% APY. Credit unions are not-for-profit financial cooperatives, and are also know for providing competitive rates and fewer fees. Many credit unions have certain requirements that must be met in order to become a member, though there are some that allow just about anyone to join. Read more: Are online banks really safe? Money market accounts can be a great option for short-term savings goals, like building an emergency fund or setting aside money for an upcoming expense. They generally offer higher interest rates than regular savings accounts, and they provide easier access to your money compared to some other options like certificates of deposit (CDs). Money market accounts are also considered low-risk, and they are FDIC-insured up to the standard $250,000 per depositor, per institution. This makes them safer than money market funds, which can be subject to market risk. However, keep in mind that many money market accounts require a minimum balance to open the account and earn the highest advertised rate. If you can't maintain this balance, you might incur fees or miss out on the best rates. And although you can generally access your funds as needed, MMAs may limit the number of transactions you can make each month. If you need frequent access to your money, this might be a consideration. Read more: Is there a penalty for withdrawing from your money market account? When a money market account makes sense: You want to earn more interest than a regular savings account without locking up your money in a CD. You can maintain the minimum balance to avoid fees. You want to keep funds easily accessible for emergencies or near-term expenses. Currently, the average money market account rate is 0.63%. However, several high-yield accounts pay upwards of 4% or more. If you're considering opening a money market account, be sure to shop around and compare rates. There is no one account or investment that guarantees a 12% return. However, if your goal is to earn a strong return on your money and grow your wealth significantly, investing in market securities such as stocks, mutual funds, exchange-traded funds is the best strategy for doing so. The stock market returns about 10% per year, on average. If you aren't sure where to start, it can be helpful to speak with a financial advisor about your financial goals and priorities. Alternatively, you can sign up with a robo-advisor, which is an automated, cost-effective option for managing your portfolio. Read more: Robo-advisor: How to start investing right away

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