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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