{
  "id": 277905,
  "title": "Trump mounts new effort to fire Fed's Lisa Cook after Supreme Court ruling",
  "url": "https://urgent.news/2026/08/07/trump-mounts-new-effort-to-fire-feds-lisa-cook-after-supreme-court",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-07T19:06:37.000Z",
  "source": {
    "name": "CBS News",
    "slug": "cbs-news",
    "url": "https://www.cbsnews.com/news/lisa-cook-trump-fed-board-firing/"
  },
  "original_language": "en",
  "account": "The White House has informed Lisa Cook, a Federal Reserve Board member, that President Trump is considering removing her from her position due to allegations of mortgage fraud, according to a letter obtained by CBS News. The decision comes after the Supreme Court blocked Trump from firing Cook last June, stating that he did not provide her with the required procedural protections before her dismissal. The letter, dated August 5, outlines the accusations against Cook and sets an August 26 deadline for her to respond. Cook's attorneys vow to challenge the allegations, emphasizing that they are as baseless as when Trump attempted to remove her last year. Cook denies any wrongdoing and maintains her innocence, stating that there is no valid cause for her removal under the facts and Supreme Court precedent.",
  "summary": "The White House is reportedly considering firing Federal Reserve Governor Lisa Cook over allegations of mortgage fraud, following a Supreme Court ruling that blocked Trump from removing her earlier this year. The allegations, which were first reported by ABC News, were outlined in a letter from White House deputy chief of staff Dan Scavino to Cook, who was notified on August 5 that she is under consideration for removal from her position on the Board of Governors of the Federal Reserve. The Supreme Court ruled in June that Trump failed to provide Cook with the necessary procedural protections before her firing, including notice and the opportunity to respond to the accusations. Cook's attorneys have vowed to challenge the latest attempt to remove her from her position, arguing that the allegations are baseless and that there is no valid cause for her removal.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Live Mint",
        "title": "‘National disgrace’: Trump slams court ruling halting ballroom construction; to challenge in Supreme Court",
        "url": "https://urgent.news/2026/08/08/national-disgrace-trump-slams-court-ruling-halting-ballroom",
        "published": "2026-08-08T02:35:36.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}