Katie Zacharia, recently appointed as White House press secretary by President Donald Trump, failed the California bar exam according to a Wall Street Journal investigation. A graduate of Pepperdine University School of Law, she succeeded Karoline Leavitt in this role despite questions about her legal qualifications. The market prices a 7% probability of her departure by October 31, down from 8% the previous day. Looking further ahead, the January 1, 2027 market indicates a 25.5% probability of her departure.
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