Before September 11, 2011, there were 16 intelligence agencies in the United States. But after the terrorist attacks, the 9/11 commission recommended creating a 17th intelligence agency — the Office of the Director of National Intelligence (ODNI) — to coordinate intelligence operations.
The 16 already-existing agencies didn't react well, says historian and former intelligence analyst Matthew Aid.
Michael J. Williams said he is stepping down as chief executive of the quasi-governmental mortgage giant Fannie Mae. The company made the announcement late last night, saying Williams will wait to step down until the board of directors names a successor.
"I decided the time is right to turn over the reins to a new leader," Williams said in a statement.
Twinkies maker Hostess Brands Inc., is again seeking protection from its creditors, filing for Chapter 11 bankruptcy as the company tries to cope with high debt and rising costs of labor and raw materials.
Hostess, which also makes Ho Hos, Sno Balls, and Wonder Bread, is a privately held company based in Irving, Tex. It owes millions to suppliers and labor unions. The company has reportedly found some financing to keep it running during bankruptcy proceedings.