Intel review

Trump taps Cerberus’s Feinberg to lead intelligence review

President Trump, in an all-out feud with the country’s intelligence community over persistent leaks, will begin a major review of the spy agencies, according to a report.

Trump is set to tap a billionaire financier, Stephen Feinberg, to lead the review, which has been met by “fierce resistance” by the intelligence agencies, The New York Times reported.

The selection of Feinberg, co-founder of hedge fund Cerberus Capital Management and a member of the president’s economic advisory council, signals the president’s attempt to keep the review process within the White House. Details of the review – its scope and timeline – have not yet been determined.

Intel review

Purge: Trump Prepares Major Overhaul of Intelligence Apparatus

President Donald Trump is preparing a major overhaul of the current US intelligence apparatus, following a string of leaks and reports that intelligence community officials are withholding information from the White House.

The person reported to be spearheading the effort is a New York hedge-fund billionaire and strong Trump ally Stephen A. Feinberg. 

Feinberg is co-founder of Cerberus Capital Management, and a current member of Trump’s economic advisory council. He has not been officially announced for the job, but the New York Times has reported that private-equity manager has informed his company shareholders that he is in discussions to join the administration.