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  • 7 weeks ago
President Donald Trump asked the Supreme Court on Thursday to block the reinstatement of Federal Trade Commission commissioner Rebecca Slaughter, according to CNBC. She was returned to her post after lower courts ruled her March removal unlawful. The D.C. Circuit Court of Appeals upheld that ruling in a 2-1 decision Tuesday, finding FTC commissioners can only be dismissed for cause such as neglect or malfeasance, and Trump provided no justification. Slaughter returned to work this week following the ruling. White House spokesman Kush Desai argued Trump acted lawfully, citing two recent Supreme Court decisions affirming presidential removal powers. The case parallels Trump’s attempt to oust Federal Reserve Governor Lisa Cook, also expected to reach the Supreme Court.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02President Donald Trump asked the Supreme Court on Thursday to block the reinstatement of Federal Trade Commission Commissioner Rebecca Slaughter, according to CNBC.
00:10She was returned to her post after lower courts ruled her March removal unlawful.
00:13D.C. Circuit Court of Appeals upheld that ruling in a 2-to-1 decision Tuesday,
00:18finding FTC commissioners can only be dismissed for cause, such as neglect or malfeasance.
00:22Trump provided no justification.
00:24Slaughter returned to work this week, following the ruling.
00:26White House spokesman Kush Desai argued Trump acted lawfully, citing two recent Supreme Court decisions affirming presidential removal powers.
00:34Case parallels Trump's attempt to oust Federal Reserve Governor Lisa Cook, also expected to reach the Supreme Court.
00:40For all things money, visit Benzinga.com.
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