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NYTIMES (Margot Sanger-Katz and Sarah Kliff) - $22,000 Per Hour: Assistants Use a Legislative Loophole to Outearn Surgeons

A law meant to end surprise medical billing has led to large paydays for some surgical assistants, who can earn far more than the doctors they help.

AXIOS (Courtenay Brown) - 2 Supreme Court rulings treat the Fed as an exception

The Federal Reserve is different. That's the upshot of the Supreme Court's rulings Monday morning. Why it matters: President Trump can't fire Fed governor Lisa Cook for now, a 5-4 court majority held , alongside an opinion that offers a sweeping defense of the central bank's independence. - But the ruling is narrow enough that Trump and future presidents have latitude to fire Fed governors if they can establish legal cause more carefully than Trump did in the Cook case. - The decision came alongside a separate, historic ruling that cleared the way for Trump to fire leaders of the Federal Trade Commission and swept away nearly a century of protections shielding officials at most other independent agencies from presidential removal.…

AXIOS (Josephine Walker) - Small towns get burned by fireworks bills

America's 250th birthday is shaping up to be a red, white and blue fireworks bonanza — for towns that can afford it. Why it matters: As cities compete for bigger, brighter anniversary displays, smaller municipalities are getting priced out — or learning there simply aren't enough crews or equipment to go around. The big picture: Blown away by the costs of competing with larger cities, some towns have resorted to choosing new dates farther from the holiday or crowdsourcing donations. - But a few have canceled shows , including Hinesburg, Vermont, where officials budgeted $13,500 for fireworks, but were gobsmacked when they were told they'd need to pay a minimum of $20,000 this year. What they're saying: "We've had a lot of…

NYTIMES (Adam Liptak and Aishvarya Kavi) - ‘Chaos Will Follow’ Ruling Allowing Trump Firings, Dissent Predicts

In a rare dissent from the bench, Justice Sonia Sotomayor said that the Supreme Court undid “centuries of political practice,” and that the court concluded that the federal government had been acting in “open defiance of the Constitution.”