The Trump administration has argued that Fed board member Lisa Cook may have committed mortgage fraud by declaring more than one primary residence on her loans. We found Trump once did the very thing he called “deceitful and potentially criminal.”
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December 08, 2025 · View in browser

In today’s newsletter: Records reveal President Donald Trump's own mortgages match his description of mortgage fraud; Transportation Secretary Sean Duffy flips on previous defense of Congress as a check on presidential power; a clock company cites Trump’s tariffs as the reason it’s closing after 99 years.

Trump’s Own Mortgages Match His Description of Mortgage Fraud, Records Reveal

The Trump administration has argued that Fed board member Lisa Cook may have committed mortgage fraud by declaring more than one primary residence on her loans. We found Trump once did the very thing he called “deceitful and potentially criminal.”

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Trump administration

 

Trump’s Transportation Secretary Sean Duffy Once Defended Congress’ Power of the Purse. Now He Defies It.

In 2015, when he was still a Republican representative from Wisconsin, Sean Duffy detailed the history of America’s creation in an assertive legal brief. The brief framed the country’s founding in reaction to the absolute power of the English crown. Duffy invoked the Magna Carta and the Founding Fathers as he made the case for the separation of powers, ProPublica’s Jake Pearson reported. The brief went on to cite James Madison’s account of the Constitutional Convention, where there was “unanimous agreement that Congress, not the President, should control the purse.”


But Duffy, now the Transportation Secretary, is far away from this position on presidential power, Pearson’s reporting shows. As the president has issued a whopping 214 executive orders between Jan. 20 and Nov. 20, Duffy has cited some of those directives as he has withheld congressionally approved transportation funds.


In response to questions, a Department of Transportation spokesperson asked for a copy of Duffy’s brief. But after ProPublica provided it, the spokesperson stopped responding. A message sent to a number listed for Duffy hasn’t been returned.

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Quoted

 
 

“If the federal government had said, ‘Oh, it’s a 10% tariff, constant, this is what it is,’ they might’ve been able to play the game, adjust margins, set pricing. They might’ve worked things out. … But no. It’s just chaos.”

 

— Nelson Vandermeer, a product development engineer at Howard Miller, a clock business

ProPublica reporter Anna Clark investigated how Pete Hoekstra, the U.S. ambassador to Canada, has reversed course on his anti-tariff stance. While serving in Congress, Hoekstra once testified that tariffs would drive up costs for manufacturers in his district and added: “Once lost, the jobs will not come back.”

So Clark looked into job losses in the Michigan district Hoekstra represented. She found that a 99-year-old clock business, Howard Miller, is shutting down. The culprit: Trump’s tariffs. 

Howard Miller’s closure will cost about 195 people their jobs, most in Michigan. “Our hopes for a market recovery early in the year were quickly dashed as tariffs rattled the supply chain, sparked recession fears and pushed mortgage rates higher,” the company’s president and CEO said in a July press release.

A spokesperson at the U.S. Embassy in Ottawa declined requests for an interview with Hoekstra and to comment for this story.

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Trump’s Transportation Secretary Sean Duffy Once Defended Congress’ Power of the Purse. Now He Defies It.

 
 
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