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Daniel Tarullo submitted his resignation from his seat on the Board of Governors effective April 5th, the Fed said Friday.

Because the position of vice chair for supervision was left unfilled amid Obama-era gridlock, Tarullo took on the responsibilities of implementing the Fed's wide powers for regulating banks given it by the Dodd-Frank financial reform bill.

Why it matters: Donald Trump has stressed his intention to ease up on financial regulations, and Tarullo's exit might just be his reading the tea leaves that tough supervision at the Fed will be frowned upon. With a Republican Senate, it's likely that Trump will be able to fill Tarullo's seat, plus the two others that are vacant.

Who will Trump pick? It's anybody's guess. While Republicans agree (in theory) on reducing financial regulation, President Trump has been all over the map on monetary policy. He warned during the campaign that Yellen-Bernanke stimulus was setting up the economy for a crash, but is also critical of a strong dollar. The two goals of tight monetary policy and a weak dollar are incompatible, making it difficult to induce Trump's preferred type of central banker.

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Updated 2 mins ago - Sports

Tiger Woods crash: What we know

Photo: Wally Skalij/Los Angeles Times via Getty Images

Tiger Woods underwent emergency surgery to repair damage to his right leg and ankle, after he was involved in a single-vehicle accident on Tuesday in which his SUV ran off the road.

What we know: The golf star "is currently awake, responsive and recovering in his hospital room" at Harbor-UCLA Medical Center, according to a late-night statement from his team.

Dan Primack, author of Pro Rata
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Corporate America pressures Congress to act on stimulus

Big corporations and top CEOs are putting pressure on Congress and the White House to pass economic stimulus measures, as the political debate drags on.

Axios Re:Cap goes deeper with Heather Higginbottom, a former Obama administration official and president of the JPMorgan Chase Policy Center, about why her organization just published its first-ever set of policy recommendations.

Capitol repairs, security top $30M since Jan. 6 attacks

Photo: Bill Clark/CQ-Roll Call, Inc via Getty Images

The Architect of the Capitol Brett Blanton on Wednesday said that repairs and security expenses related to the Jan. 6 insurrection have already cost more than $30 million.

The state of play: Congressional appropriations committees have allocated the $30 million for repairs and perimeter fencing around the Capitol building through March 31, per NPR.