Trump makes another power grab

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Welcome to The Logoff. Today I’m focusing on the Trump administration’s effort to exert control over independent regulators, a power grab with implications for the government’s balance of power — and for your daily life. What’s the latest? Donald Trump issued an executive order on Tuesday that would put a series of independent regulatory agencies (and their investigations and rulemaking processes) directly under White House control. How does that change the way things work now? The dozens of independent agencies in the federal government have the power to interpret federal law and launch investigations into alleged rulebreakers. The president appoints the leaders to the agencies’ boards. But many commissioners’ terms are longer than a single administration’s, and the president can’t fire them simply because he doesn’t like their decisions. Under Trump’s new rules, that autonomy would go away.What are these independent agencies? There are dozens of them, including:

The Securities and Exchange Commission, which regulates the stock market;

The Federal Trade Commission, which regulates businesses’ relationships with consumers;

The Federal Communications Commission, which regulates the airwaves and internet.

Are they all included? The order specifically exempts the Federal Reserve’s work to set interest rates, but that’s it!

What’s next? The executive order will almost certainly face legal challenges, and the question over the reach of executive power could get kicked all the way up to the Supreme Court. These agencies’ independence is protected by law, but the Trump team argues those laws are unconstitutional.

What’s the big picture? Trump is again attempting to expand the president’s power. Congress passed laws giving these agencies a measure of independence, and putting lawmakers in charge of their oversight. Trump is now claiming that power for himself, arguing their independence makes them unaccountable.

But how does it affect me? These agencies regulate so many facets of daily life — preventing everything from predatory business practices to nuclear reactor meltdowns.

And with that, it’s time to log off …

How are you sleeping these days? If the answer is “not well,” I have a listen for you, courtesy of Vox’s Explain It to Me podcast. This week, they interviewed a sleep psychologist to get answers to questions like: Why am I a night owl? How can I nap responsibly? And what should I do about my chronic struggle to stay asleep? I hope you enjoy it. And I’ll see you back here tomorrow.

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U.S. employers announced 108,435 layoffs for January, up 118 percent from the same period a year ago and 205 percent from December, according to outplacement firm Challenger, Gray & Christmas, and CNBC reported those were the highest totals for January since the depths of the global financial crisis in 2009.

“Generally, we see a high number of job cuts in the first quarter, but this is a high total for January,” said Andy Challenger, chief revenue officer for the firm. “It means most of these plans were set at the end of 2025, signaling employers are less-than-optimistic about the outlook for 2026.”

Companies announced only 5,306 new hires, also the lowest January since 2009, and the Challenger data calls into question a narrative that has formed around a no-hire, no-fire labor market.

"Some high-profile layoff announcements have boosted fears of wider damage in the labor market," CNBC reported. "Amazon, UPS and Dow Inc. recently have announced sizable job cuts. Indeed, transportation had the highest level from a sector standpoint in January, due largely to plans from UPS to cut more than 30,000 workers. Technology was second on the back of Amazon’s announcement to shed 16,000 mostly corporate level jobs."

Planned hiring dropped 13 percent since January 2025 and fell off 49 percent since December, and initial jobless claims spiked since early December to a seasonally adjusted total of 231,000 for the last week of January.

"Sobering data from Challenger on the US labor market," said Wharton School professor Mohamed A. El-Erian. "Announced job cuts in January more than doubled year-over-year, hitting their highest level since the 2009 Great Recession. Most notably, these layoffs are occurring while GDP continues to grow at approximately 4 percent, accelerating the decoupling of employment from economic growth — a phenomenon that, if it persists, has profound economic, political, and social implications."


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