Morningstar, The Wall Street Journal | Senate Confirms Trump Official as Consumer-Finance Regulator

Our Financial Services & Products Group explores the case law and academic research surrounding the implications of a President removing a Senate-confirmed department head before the end of their term.

This week, the House takes up the Senate-passed budget resolution. Speaker Mike Johnson (R-LA) hopes for passage before the upcoming two-week recess, but key differences remain over the spending cuts needed to offset the tax measures. Meanwhile, President Trump will meet with Israeli Prime Minister Benjamin Netanyahu today to discuss the war in Gaza as well as last week’s larger-than-anticipated tariffs.

Steve Ornstein comments on the potential challenges facing Kathy Kraninger as the new head of the Consumer Financial Protection Bureau.