Michael Barr, the vice chair for supervision at the Federal Reserve, said he will leave his post in February, giving President Donald Trump a chance to fill one of the top positions on the powerful central bank.

Monday's decision by the Federal Reserve's top bank regulator to step down from his job — but not from the Fed entirely — is simultaneously less and more than meets the eye. Why it matters: Michael Barr's self-demotion clears the way for President-elect Trump to appoint a vice chair for supervision.

In a stunning and risky move, ex-House Speaker Michael Madigan has taken the stand in his own public corruption trial today. “Your honor, the defense calls Mike Madigan,” attorney Dan Collins said, and jurors snapped to attention.

Michael Madigan, the former speaker of the Illinois House of Representatives, has taken the stand to testify in his own defense during his federal corruption trial this week.