India, June 2 -- President Donald Trump has named Bill Pulte as acting director of national intelligence, replacing Tulsi Gabbard, who recently announced plans to step down from the role at the end of June.

Announcing the move on Truth Social, Trump praised Pulte's work as director of the Federal Housing Finance Agency (FHFA), saying he has "deep experience managing the most sensitive matters in America, the safety and soundness of the Markets, and over 10 Trillion Dollars at Fannie Mae/Freddie Mac, a substantial increase from where it was just 12 months ago."

Pulte will continue serving as FHFA director and chairman of Fannie Mae and Freddie Mac while taking on the acting intelligence role, according to Trump.

As attention turns to th...