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SCOTUS Rulings Imminent: Birthright Citizenship, Fed Independence & Trans Athletes
Audio is available on Spreaker — see link below.
The Supreme Court is days away from rulings on birthright citizenship and Federal Reserve independence — decisions that could fundamentally reshape executive power. Plus: Treasury yields hit 4.44%, consumer confidence at a record low, and a US official breaks a decade-long boycott at Russia's St. Petersburg forum.
Audio is available on Spreaker — see link below.
The Supreme Court is set to strike down one of Donald Trump's most aggressive uses of executive power, and the ruling on birthright citizenship could land within days. Justices gave a deeply skeptical hearing to Trump's executive order that would deny citizenship to children born in the United States to undocumented parents.
The birthright case isn't the only place where the Court is constraining presidential power this term. Justices are also set to rule on whether Trump can fire Federal Reserve Governor Lisa Cook without cause.
On the other side of the ledger, the Court appears ready to hand conservatives a victory on transgender athlete restrictions. Justices sounded prepared to side with West Virginia and Idaho in cases over excluding transgender girls from school sports.
Shift to the economy, and the signals are harder to dismiss. Ten-year Treasury yields have climbed to four point four four percent, reflecting investor concern about the long-term sustainability of US debt.
The White House answer on the deficit centers on one number: five hundred billion dollars in annual fraudulent spending that Treasury Secretary Bessent says can be eliminated. Economists are skeptical.
One development worth watching that sits outside the main narratives: Rodney Mims Cook Jr., Trump's chairman of the Commission of Fine Arts, is attending the St. Petersburg economic forum this week.
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