President Donald Trump fired Democratic Federal Trade Commission commissioners Alvaro Bedoya and Rebecca Kelly Slaughter on Tuesday, according to CNBC. The FTC is among several independent agencies where members can only be dismissed for good cause. A 1935 U.S. Supreme Court ruling upheld a law restricting the firing of FTC commissioners to cases of good cause, such as neglect of duty. This decision protects independent, bipartisan agencies from direct White House control. The decision could face legal challenges, testing the limits of presidential authority over regulatory bodies.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02President Donald Trump fired Democratic Federal Trade Commissioners Alvaro Bedoya and Rebecca
00:07Slaughter on Tuesday, according to the CNBC's report. The FTC is among several independent
00:12agencies where members can only be dismissed for good cause. A 1935 U.S. Supreme Court ruling
00:18upheld the law restricting the firing of FTC commissioners to case of good cause,
00:23such as neglect of duty. This decision protects independent bipartisan agencies from direct
00:29White House control. The decision could face legal challenges, testing the limits of
00:33presidential authority over regulatory bodies. For all things money, visit Benzinga.com.