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In a 6-3 ruling this week that overturned nine decades of precedent, the Supreme Court granted President Donald Trump the power to fire and replace officials at independent government agencies like the Federal Trade Commission. But in a separate 5-4 decision, the justices ruled that Federal Reserve Governor Lisa Cook can stay in her job as she challenges Trump's efforts to fire her.
The seemingly contradictory rulings suggest a two-tier system of regulation, says Alvaro Bedoya, a former FTC commissioner who was fired by Trump last year. The independence and stability of the Federal Reserve is important to "billionaire Wall Street Bankers," and therefore remains protected, says Bedoya. "But then you have this whole series of other agencies that keep your toys safe, that keep health insurers from robbing people blind, that keep supermarkets from merging to make milk, eggs and beef … even more expensive. The court said that all those regulators can report directly to the president and be entirely beholden to his whims."
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As triple-digit temperatures engulf much of the United States, the Trump administration wants grid managers to require the use of backup power that often goes unused.
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(Top headline, 1st story, link)
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The influential conservative commentator's relationship with the president and the G.O.P. fractured over the war with Iran. Now, he says he is charting a new course.
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New financial disclosures by President Donald Trump show that he made more than $1.4 billion from his family's various cryptocurrency ventures last year, reaping a windfall after pulling back on regulation of the industry and promoting the United States as "the crypto capital of the world." Other Trump businesses, like his resorts and golf courses, have also flourished since his return to the White House, while the Trump Organization has also licensed the family name to properties in countries that are crucial to U.S. foreign policy interests, including Saudi Arabia and Qatar.
"It's been an incredibly successful period for the Trump family," says Reuters investigative reporter Tom Bergin.
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(First column, 2nd story, link)
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On social media, he said the Village People's lead singer, Victor Willis, was with him "right from the beginning." But the president has a more complicated history with the group.
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President Trump flew into town on the new Air Force One and spent time touring the library dedicated to Theodore Roosevelt, who he called "a great he-man."
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Crown Prince Mohammed bin Salman pressed President Trump earlier to cripple Iran. But as Iran asserted its power, the prince urged a cease-fire, and is now pursuing his security priorities.
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A bare majority of Supreme Court justices ruled that President Trump's executive order was unconstitutional, reflecting a conservative shift on the issue.
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The justices pushed back on some of President Trump's signature moves, but they also expanded presidential power and supplied victories on long-sought conservative goals.
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The president plans to fly to rural North Dakota to open Roosevelt's library as aides tout comparisons between the two.
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The State Department has promised $100 million in new funds to aid groups, after President Trump was criticized for an anemic response to an earthquake in Myanmar last year.
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"We have to fight like hell. Today, tomorrow and all the days after," she said.
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