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The court required statutory procedures for removing a Federal Reserve member and ruled that Congress holds authority over reciprocal tariffs. It also expanded presidential removal power over some agency heads and rejected a challenge to birthright citizenship.
nymag.comThe Supreme Court ruled in Trump v. Slaughter that the president may remove heads of agencies previously protected by congressional statutes. The decision addressed statutory limits that had insulated certain agency leaders from at-will removal by the president.
On tariffs, the Court struck down the administration's use of emergency powers to impose reciprocal tariffs, holding that such authority belongs to Congress. The ruling addressed challenges to the administration's invocation of emergency powers for trade measures.
In immigration cases, the Court rejected an effort to end birthright citizenship, with five justices finding the plan violated the 14th Amendment. Four justices accepted parts of the administration's argument that the constitutional provision had been interpreted more broadly than its text requires.
The Court also gave the administration sole authority over Temporary Protected Status designations and allowed immigration agents to turn away asylum seekers before they reach U.S. soil.
The Court lifted restrictions on electoral spending, allowing unlimited donations to political parties following a challenge led by Vice President JD Vance. During the 2024-2025 term, the Court issued 63 unsigned shadow docket orders, exceeding the 56 merits decisions. These orders included lifting blocks on third-country deportations and ethnicity-based immigration stops.
cnbc.comKevin Warsh stated that inflation risks have declined in recent weeks while reaffirming the Federal Reserve's 2% target. He spoke at the European Central Bank's annual forum in Sintra on July 1 and declined to preview the July 29 rate decision.
indiatoday.intoday.inUkrainian drone strikes have cut Russian oil-refining capacity by roughly 30 percent. Russia has begun seaborne gasoline imports from India to offset the resulting shortfall. Officials plan to bring in 400,000 metric tons monthly from India and other suppliers.
DeadlineBending Spoons, the Milan-based owner of AOL and other digital brands, completed its initial public offering on the Nasdaq. Shares rose 40 percent on the first day of trading.