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Photo: Zach Gibson/Pool/Getty Images

The Supreme Court on Monday ordered lower courts to dismiss two cases that alleged former President Donald Trump unlawfully profited from his businesses while in office, in violation of the Constitution's emoluments clauses.

The big picture: Both sides agreed the issue had become moot after Trump's term finished on Jan. 20, according to Bloomberg, ending a prolonged legal battle that extended for most of his presidency.

  • A federal appeals court last February dismissed a case based on the emoluments clause from 215 congressional Democrats, citing a lack of standing.
  • The Supreme Court's move on Monday leaves open questions about emoluments for future presidents who retain business interests while in office like Trump did.

Worth noting: The dismissed cases, Trump v. CREW and Trump v. District of Columbia, could potentially have carved a path to access Trump's financial records if they had gone through during his presidency.

Go deeper

The week the Trump show ended

Data: NewsWhip; Chart: Andrew Witherspoon/Axios

Donald Trump was eclipsed in media attention last week by President Biden for the first time since Trump took office, according to viewership data on the internet, on social media and on cable news.

Why it matters: After Trump crowded out nearly every other news figure and topic for five years, momentum of the new administration took hold last week and the former president retreated, partly by choice and partly by being forced off the big platforms.

Dion Rabouin, author of Markets
43 mins ago - Economy & Business

The Fed could be firing up economic stimulus in disguise

Federal Reserve governor Lael Brainard at a "Fed Listens" event. Photo: Eric Baradat / AFP via Getty Images.

Even as global growth expectations increase and governments pile on fiscal spending measures central bankers are quietly restarting recession-era bond-buying programs.

Driving the news: Comments Tuesday from Fed governor Lael Brainard suggest the Fed may be jumping onboard the global monetary policy rethink and restarting a program used following the 2008 global financial crisis.

Democrats' hypocrisy moment

Illustration: Eniola Odetunde/Axios. Photo: Ray Tamarra/Getty Images

Gov. Andrew Cuomo should be facing explicit calls to resign from President Biden on down, if you apply the standard that Democrats set for similar allegations against Republicans. And it's not a close call.

Why it matters: The #MeToo moment saw men in power run out of town for exploiting young women. Democrats led the charge. So the silence of so many of them seems more strange — and unacceptable by their own standards — by the hour.